2018-03-06 20:13 ET - News Release

Mr. John Miller reports

THC ANNOUNCES $1M PRIVATE PLACEMENT WITH ALUMINA PARTNERS

THC Biomed Intl Ltd. has closed a private placement, under its previously announced investment agreement, with Alumina Partners (Ontario) Ltd.

On March 2, 2018, the company issued to Alumina 932,835 units at a price of $1.072 per unit, for total proceeds of $1-million. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company for a period of 36 months from closing at a price of $1.68 per share.

The proceeds of this private placement will be used toward financing the continuous growth and expansion of the company, as well as general working capital.

This brings the total raised through the Alumina private placements to $7,031,552.62.

About THC Biomed Intl Ltd.

THC is an ACMPR-(Access to Cannabis for Medical Purposes Regulations)-licensed producer and Canada's largest supplier of legal cannabis genetics. THC is on the leading edge of 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.