Invictus MD Strategies Corp.
Acreage Pharms’ closed-loop CO2 system performs Subcritical and Supercritical Fluid Extraction utilizing high-pressure carbon dioxide to extract essential oils from botanicals, using specific temperatures and pressures to withdraw different components from plants. The system is operating at full capacity to build inventory in anticipation of Acreage Pharms receiving Health Canada approval. The new product line is expected to include a 1-to-1 ratio of CBD to THC oil, high CBD oil, and high THC oil for both the medial and recreational markets.
“We are expanding our portfolio to satisfy consumer demand, adding oils and concentrates to our line-up of premium flower products,” said George E. Kveton, CEO of Invictus. ” Research shows oils are increasing in popularity and we need to remain nimble to keep abreast of market trends.”
Separately, Invictus has also granted 150,000 stock options to a certain advisor of the Company. Each stock option has an exercise price of $0.98 and is exercisable into one common share of the Company. The options vest immediately and are exercisable over a period of five years. The stock options were granted subject to the terms and conditions of the Company’s Stock Option Plan.
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