Yes, but threading support is experimental at the moment. You will need to use the development version of blitzmax 1.30 from SVN to use it.
Enabling threading support will cause your program to switch to a differemt Garbage collector. Some people have reported a significant slowdown of their non-threaded code performance with the new GC. So be sure this is what you want before you try it :)
There a are number of posts about using the pub.threas module and what you need to watch for: http://www.blitzbasic.com/Community/_search.php?bbs=BlitzMax&forum=&terms=threads&method=simple&case=no&results=topic&user=&submit=Search
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