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THC BioMed Completes Sale and Leaseback of Kelowna Strata Units

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THC BioMed Completes Sale and Leaseback of Kelowna Strata Units

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The latest announcement is out from THC Biomed INTL ( (TSE:THC) ).

THC BioMed Intl Ltd., a prominent cannabis company, has completed the sale of two strata units in Kelowna, B.C., for $700,000. The company has leased back the units for 24 months to continue its operations, with the proceeds from the sale intended to cover transaction expenses, mortgage payout, and working capital.

More about THC Biomed INTL

THC Biomed is a leading cannabis company dedicated to producing high-quality, diverse cannabis products. With a focus on innovation and consumer satisfaction, THC Biomed strives to meet the evolving needs of cannabis enthusiasts through continuous research, development, and product excellence.

Technical Sentiment Signal: Sell

Current Market Cap: C$3.28M

See more data about THC stock on TipRanks’ Stock Analysis page.

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