INVICTUS MD STRATEGIES CORP.
Subject to approval for listing, it is anticipated that the Company’s Shares, including the existing Shares trading on the OTCQX under the ticker symbol “IVITF”, will trade on NASDAQ under the ticker symbol “INV”. The Company’s Shares will continue to trade on the TSXV under the ticker symbol “GENE” and on the Frankfurt Stock Exchange under the ticker symbol “8IS1”. A trading date will be made public once all regulatory formalities are satisfied.
In connection with the listing on NASDAQ, the Company also announces it will be proceeding with a consolidation of its issued and outstanding common shares (the “Consolidation“) on the basis of one post-Consolidation Share for every seven pre-Consolidation Shares. No fractional Shares will be issued. Any fractional Share will be rounded down to the nearest whole number.
The Consolidation is subject to final confirmation by the TSX Venture Exchange (the “TSXV“). As a result of the Consolidation, the 112,176,712 Shares which are currently issued and outstanding will be reduced to approximately 16,025,244 Shares, subject to rounding.
About Invictus
Invictus is a global cannabis company offering a selection of products under a wide range of brands. Our integrated sales approach is defined by five pillars of distribution including medical, adult-use, international, Licensed Producer to Licensed Producer and retail stores.
Invictus has partnered with business leaders to convey our corporate vision, including KISS music legend and business mogul Gene Simmons as our Chief Evangelist Officer. To meet growing demand, Invictus is expanding its cultivation footprint, with three cannabis production facilities licensed under the Cannabis Act and Cannabis Regulations in Canada. To accommodate international sales, Invictus’ wholly-owned subsidiary, Acreage Pharms Ltd. (“Acreage Pharms”), has designed and is currently building its Phase 3 purpose-built cultivation facility to be European Union Good Manufacturing Practices (“EU-GMP”) compliant. The Company is targeting up to 50 percent of production to medical cannabis. To ensure consistency in quality and supply, Invictus maintains all aspects of the growing process through its subsidiary, Future Harvest Development Ltd. (“Future Harvest”), a high-quality fertilizer and nutrients manufacturer. Invictus drives sustainable long-term shareholder value through a diversified product portfolio with over 70 Health Canada approved strains and a multifaceted distribution strategy including medical, adult-use, international, Licensed Producer to Licensed Producer and retail stores. For more information visit www.invictus-md.com.
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