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THC Biomed INTL ( (TSE:THC) ) has shared an announcement.
THC BioMed Intl Ltd. has announced the sale of two strata units at its Acland Road location in Kelowna, B.C., for a total of $800,000, with the transaction expected to close on June 4, 2025. The company plans to lease back these units to continue its operations, using the proceeds to cover transaction expenses, mortgage payout, and general working capital, indicating a strategic move to optimize financial resources while maintaining operational continuity.
More about THC Biomed INTL
THC Biomed is a leading cannabis company focused on producing high-quality, diverse cannabis products. The company emphasizes innovation and consumer satisfaction, aiming 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
Learn more about THC stock on TipRanks’ Stock Analysis page.