Invictus Reflects on Major Milestones Including 2 Sales Licenses under ACMPR

Spotlight Companies  |

INVICTUS MD STRATEGIES CORP. (GENE:CA)(IVITF)(FRA: 8IS1) is pleased to highlight major milestones as the fast-growing cannabis Company prepares for the coming recreational marketplace with new construction and development projects, fresh products and a dynamic and muscular approach to retail sales.

Invictus has raised approximately $75 million dollars since inception and deployed funds into acquiring and expanding licenses under the Access to Cannabis for Medical Purposes Regulations.

“Invictus was just beginning its march towards cannabis cultivation and sales a year ago. The news then was more about building plans and establishing goals and now includes ongoing expansion, cannabis sales and distribution strategies,” said Invictus Founder and CEO Dan Kriznic. “Health Canada recently awarded our second sales license. We now have sales license in Acreage Pharms Ltd. (“Acreage Pharms”) in Alberta and AB Laboratories Inc. (“AB Labs”) in Ontario. Our ambitious retail plan involves building out dispensaries across three provinces, as well as partnerships with multiple other sales platforms and industry colleagues. We are launching a first-of-its-kind zero-cleaning vaporizer called PODA, cultivating an ever-increasing portfolio of strains, and meeting ongoing construction and development goals. We have innovative cultivation facilities in two provinces with an option to acquire a pre-license facility that has been built out and is awaiting final licensing in a third province. The message of Invictus and its ongoing vision is communicated loud and clear by our new Chief Evangelist Officer — rock ’n’ roll legend and entrepreneurial engine Gene Simmons, one of the founders of the seminal band KISS.”

Some accomplished milestones include:

  • Invictus’ wholly owned subsidiary, Acreage Pharms received license to sell Cannabis under the ACMPR.
  • Launched an ambitious cannabis oil extraction program, an investment that involved the purchase of top-of-the-line C02 extraction equipment and the hiring of key extraction personnel.
  • In January 2018, Invictus sold its first dried flower from subsidiary AB Labs to Canopy Growth Corporation’s (TSX:WEED) CraftGrow line on Tweed Main Street’s online store. The online platform features only high-quality cannabis by an elite group of producers.
  • Increased its strategic investment in AB Labs from 33.3 percent ownership to 50 percent ownership.
  • Acreage Pharms acquired 23 new strains, offering even more depth and breadth to the company’s cannabis cultivation portfolio.
  • AB Labs completes $5 million purchase of land and building for its Phase II expansion.
  • Appoints music legend and entrepreneurial powerhouse Gene Simmons, one of the founders of the seminal rock ’n’ roll band KISS, as Chief Evangelist Officer and changes TSX Venture Exchange symbol from IMH to GENE.
  • Completes 33,000-square-foot Phase 2 construction for Acreage Pharms, and begins preparing site for 80,000-square-foot Phase 3 expansion project for total of 120,000 square feet exiting 2018.
  • Unveils aggressive retail strategy, involving dispensaries in three provinces and strong partnerships with other leading industry leaders for cannabis sales.
  • Announces summer 2018 release of Poda, 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 and residue. As a result, the medical-grade device can be used for other products, including tobacco and coffee.
  • Announces that it had entered into a binding letter of intent for an option to acquire 100% of the outstanding shares of a British Columbia ACMPR applicant with two properties one of which is on 32 acres with low cost of power and significant land to build expansion.

The anticipated year ahead includes the launch of retail stores and sales of cannabis through agreements with other industry partners in addition to expanding square footage in three provinces to meet the domestic and global demand for cannabis. Our expected square footage footprint over the next 24 months are as follows:

Invictus’ Canadian Production Footprint:

“We have done everything necessary to lay a sturdy foundation for the coming months, when Canada is expected to commence sales of recreational cannabis,” said Kriznic. “We purchased and developed — and continue to purchase and develop — key properties for cannabis cultivation and manufacturing. We built an exceedingly strong management team, adding entrepreneurial legend Gene Simmons to a high-profile leadership position. We forged strong and fruitful partnerships with other industry leaders like Canopy Growth Corporation. We developed and are poised to execute a savvy and robust retail plan. We made important extraction and cultivation investments. We announced plans for a game-changing zero-cleaning vaporizer. We are proud of the parade of accomplishments, and with immense anticipation look forward to the thrilling year ahead.”

About Invictus

Invictus owns and operates two cannabis production sites under the ACMPR in Canada with the vision of producing a variety of high quality and low cost cannabis products and strains to the global market place 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. During the first quarter of 2018 AB Labs submitted a secondary license to Health Canada for a nearby property on 100 acres under the name AB Ventures Inc. (“AB Ventures”).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 “Option Co”) the ACMPR.

Combined, the licensed producers owned by Invictus expect to have approximately 327,000 square feet of cannabis production capacity by the end of 2018 and 817,000 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 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 and residue.

In addition to the ACMPR licenses, the Company has an 82.5% investment in Future Harvest Development Ltd. 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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Companies

Symbol Name Price Change % Volume
GENE:CA Invictus MD Strategies Corp 1.38 -0.05 -3.50 77,463

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