​Invictus Expands Cultivation Footprint, Adds New Strains to Portfolio

Spotlight Companies  |

INVICTUS MD STRATEGIES CORP.  (GENE:CA) (IVITF)announced today the purchase of an additional acre of neighboring land adjacent to AB Laboratories Inc. ("AB Labs") property, dedicated to future expansion opportunities at the facility. The acquisition represents significant progress in AB Labs' growth strategy which involves building a strong production profile in state-of-the-art cultivation spaces.

Construction of the Phase 2 expansion at AB Labs remains on-schedule. Phase 2 facility will add 40,000 square feet of operating space, while increasing total cultivation capacity to 56,000 square feet. Currently, AB Labs' 16,000 square foot Phase 1 facility is operating at full capacity, having completed its second transfer of 63 kg of dried cannabis to Canopy Growth Corporation's (TSX: WEED) Tweed's elite CraftGrow line.

AB Labs is also focused on expanding its strain profile to meet Invictus' dynamic and muscular approach to retail sales ahead of the upcoming recreational marketplace. AB Labs' latest selection, originating from a partner in Holland, offers a mix of strains including:

"Expanding both our cultivation space and strain selection is key to driving growth in a sector that will see increasing demand from both the public and private sector," said Invictus CEO Dan Kriznic. "By constructing state-of-the-art production and processing facilities, our team of award-winning horticulturalists can continue to innovate and deliver high-quality products that consumers can trust."

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. The Company's 50% owned AB Laboratories Inc. ("AB Labs"), is 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 an applicant (the "OptionCo") under the ACMPR. Combined, the Company expects to have approximately 262,000 and 846,000 square feet of cannabis production capacity by the end of 2018 and 2019, respectively.

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



The Company's wholly owned subsidiary, Poda Technologies Ltd. ("Poda"), has developed 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.

Finally, the Company's 82.5% owned Future Harvest Development Ltd. ("Future Harvest") is a high-quality Fertilizer and Nutrients manufacturer, based in Kelowna, British Columbia. Future Harvest has been in operation for over 20 years under the brand Plant Life Products and Holland Secret.

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Companies

Symbol Name Price Change % Volume
IVITF Invictus MD Strategies Corp 1.04 0.01 1.44 69,187
GENE:CA Invictus MD Strategies Corp 1.37 0.05 3.79 65,080

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