​Construction at Invictus' AB Labs is Progressing on Schedule

Spotlight Companies  |

INVICTUS MD STRATEGIES CORP. (TSXV: GENE; OTC: IVITF;FRA:8IS1) announced today that construction of the Phase 2 expansion at AB Laboratories Inc. ("AB Labs") remains on-schedule. The retrofit is well underway with construction of the second-floor mezzanine to commence as early as next week. The Phase 2 facility, located adjacent to Phase 1, will add 40,000 square feet to the current operations and increase total cultivation space to 56,000 square feet. The 16,000 square foot Phase 1 facility continues to operate at full capacity and successfully completed its second transfer of 63 kg of dried cannabis to Canopy Growth Corporation's (TSX: WEED) Tweed's elite CraftGrow line, on April 9, 2018.

In addition, the building permit requirements for AB Ventures Inc. ("AB Ventures") are near completion and construction of the facility is expected to begin within the next 60 days. AB Ventures owns 100 acres of land near Hamilton, Ontario, to be used for future cannabis cultivation. In preparation for the build-out, the Company has provided $3 million in funds to AB Ventures. Upon payment of the full $5.5 million commitment to AB Ventures the Company will have a 33% ownership in AB Ventures.

Finally, the Company is pleased to announce that 100% owned Acreage Pharms Ltd. ("Acreage Pharms") is now accepting patients and processing orders for medical cannabis. Acreage Pharms received its sales license from Health Canada pursuant to the Access to Cannabis for Medical Purposes Regulations ("ACMPR"), effective May 18, 2018.

Invictus has also granted 1,275,000 incentive stock options to certain directors, officers, employees and consultants of the Company. The stock options vest immediately and are exercisable for a period of five years at an exercise price of $1.78, the closing market price on June 1, 2018. The stock options were granted pursuant to the Company's Stock Option Plan and are exercisable into one common share of the Company, subject to the terms and conditions of the Stock Option Plan.

About Invictus

Invictus owns and operates two cannabis production facilities, both with sales licenses, under the ACMPR in Canada, with the vision of producing a variety of high quality and low-cost cannabis products to the global market, as regulations permit. The Company's wholly owned subsidiary, Acreage Pharms Ltd. ("Acreage Pharms"), is located in West-Central Alberta. Invictus also owns 50% of AB Laboratories Inc. ("AB Labs") located in Hamilton, Ontario. AB Ventures Inc. ("AB Ventures") owns 100 acres of land near Hamilton, Ontario, to be used for future cannabis cultivation.. Recently, the Company announced that it has entered into a binding letter of intent for an option to acquire 100% of the outstanding shares of an applicant (the "OptionCo") under the ACMPR.

Combined, the licensed producers owned by Invictus expect to have approximately 332,000 square feet of cannabis production capacity by the end of 2018 and 822,000 square feet of cannabis production capacity by the end of 2019.

Gene Simmons, music legend and media mogul, conveys the vision of Invictus as the Chief Evangelist Officer.

Invictus owns 100% of Poda Technologies Ltd. ("Poda") and its related intellectual property, the world's first zero-cleaning vaporizer system. Poda's fully biodegradable pods are self-contained, and do not contaminate the vaporizer with odor, flavor or residue.

In addition to the above, the Company has an 82.5% investment in Future Harvest Development Ltd. ("Future Harvest") a high-quality Fertilizer and Nutrients manufacturer, based in Kelowna, British Columbia, that has been in operation for over 20 years under the brand Plant Life Products and Holland Secret.

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