2018-04-04 17:38 ET - News Release

Mr. John Miller reports

THC PURCHASES BUILDING IN DOWNTOWN KELOWNA; THC APPLIES TO HEALTH CANADA TO EXPAND CURRENT FACILITY

THC Biomed Intl Ltd. will purchase a building in downtown Kelowna. The building consists of two storeys and has 8,000 square feet of space. The building is one of very few buildings based in the downtown Kelowna that is zoned for industrial use. The City of Kelowna permits cannabis production on industrial-zoned land. The purchase price is $1,875,000, plus fees and taxes, for a total of $1,922,273. THC is purchasing the property for cash and will not require a mortgage.

"We are very pleased with this purchase as industrial-zoned land is becoming a scarce commodity. This building will be used to set up our first bricks and mortar dispensary and will also house our corporate offices and a laboratory. The building has three legal addresses giving us the ability to have a dispensary and other businesses at the site," commented John Miller, president and chief executive officer of THC.

THC is pleased to report that it has applied to Health Canada to add six more production areas.

THC also continues to finalize the details for the purchase of the greenhouse and farm in Ontario.

About THC Biomed Intl Ltd.

THC is an ACMPR (Access to Cannabis for Medical Purposes Regulations) licensed producer and a supplier of legal cannabis genetics. THC also produces and sells dried and fresh marijuana and cannabis oil for medical purposes. THC is also active in scientific research and the development of products and services related to the medical cannabis industry. Management believes THC is well positioned to be in the forefront of this rapidly growing industry.

We seek Safe Harbor.