Invictus Receives $5.8 Million from Warrant and Option Exercises and Issues Incentive Stock Options

Invictus Receives $5.8 Million from Warrant and Option Exercises and Issues Incentive Stock Options

Invictus Receives $5.8 Million from Warrant and Option Exercises and Issues Incentive Stock Options

Invictus Receives $5.8 Million from Warrant and Option Exercises and Issues Incentive Stock Options

VANCOUVERJuly 4, 2018 /PRNewswire/ – INVICTUS MD STRATEGIES CORP. (“Invictus” or the “Company”) (TSXV: GENE; OTC: IVITF; FRA: 8IS1) is pleased to announce that for the current fiscal year, which commenced on February 1, 2018, the Company has received $5,777,267 from the exercise of previously issued warrants and options. A total of 4,346,731 warrants and 337,500 options were exercised for proceeds of $5,267,467 and $509,800, respectively. As a result of such exercises, the Company currently has a total of 96,623,857 common shares issued and outstanding.

Invictus expects to use these proceeds to help fund its ongoing construction program and overall operations. The Company anticipates a total cannabis cultivation footprint of 262,000 square feet by the end of 2018 and 846,000 square feet by end of 2019. Invictus has approximately 9.9 million warrants and 9.4 million options outstanding that, if exercised, would bring in an additional $19.7 million and $14.9 million in cash funds to the Company.

Invictus has also granted 120,000 incentive stock options to certain eligible persons of the Company. Each stock option has an exercise price of $1.50 and is exercisable into one common share of the Company. The options vest 1/3 in 3 months, 1/3 in nine months, and 1/3 in fifteen months 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.

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.

Invictus’ Canadian Production Footprint:

Square Footage

Company

Phase

Province

Current

31-Dec-18

31-Dec-19

Acreage Pharms

1

Alberta

7,000

7,000

7,000

Acreage Pharms

2

Alberta

33,000

33,000

33,000

Acreage Pharms

3

Alberta

90,000

90,000

Acreage Pharms

4

Alberta

250,000

Total Acreage Pharms

40,000

130,000

380,000

AB Labs

1

Ontario

16,000

16,000

16,000

AB Labs

2

Ontario

40,000

40,000

Total AB Labs

16,000

56,000

56,000

AB Ventures

1

Ontario

21,000

21,000

AB Ventures

2

Ontario

84,000

Total AB Ventures

21,000

105,000

OptionCo

1

British Columbia

55,000

55,000

OptionCo

2

British Columbia

250,000

Total OptionCo

55,000

305,000

Total Combined 

56,000

262,000

846,000

For more information, please visit www.invictus-md.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.