Invictus MD Achieves $1,287,035 in Revenue For The Three Months Ended October 31, 2015

Posted on Categories: Investor Relations

Vancouver, BC, December 23, 2015 – INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (CSE: IMH; OTC: IVITF; FRA: 8IS) announces that it has filed its consolidated financial statements and management’s discussion and analysis (the “Financial Statements”) for the three and nine months ended October 31, 2015, available for viewing on www.sedar.com.

Dan Kriznic, President and CEO commented, “We are extremely pleased with the financial results to date, and have seen Future Harvest continue to meet and exceed sales targets since our initial acquisition. Total revenue for Future Harvest increased by 50% during the three months ended October 31, 2015 (the “Third Quarter”) as compared to the prior year comparative period, and has continued to rise to date. The Financial Statements demonstrate the intrinsic value of the Company, with over $5.4 million in assets, and it is evident that the Company is undervalued in relation to the current market capitalization which, as of today, is approximately $1.6 million. We will continue to aggressively execute our business plan in order to provide increased value to our shareholders.”

Third Quarter Financial Highlights

  • Total assets as at October 31, 2015 of $5,486,851
  • Revenues, cost of sales, and gross margin for the three months ended October 31, 2015 totaled $1,287,035, $720,459, and $566,576 respectively, which was primarily attributed to sales from Future Harvest for the period of August 1, 2015 to October 31, 2015;
  • Operating expenses for the Third Quarter totaled $136,802, and are comprised of expenses incurred for investor relations, sales and marketing, and travel;
  • General and administrative expenses for the Third Quarter totaled $602,698;
  • At October 31, 2015, the Company had working capital of $1,902,460; and
  • 40,335,296 common shares are issued and outstanding as of the current date.

Financial Reports

Full details of the Financial Statements are described in the Company’s condensed interim consolidated financial statements with accompanying notes and related Management’s Discussion and Analysis.  These documents and additional information on Invictus MD are available on SEDAR at www.sedar.com.

About Invictus MD

Invictus MD targets companies with proven brands, strong customer focus, and significant growth potential.  We not only provide capital to meet these objectives but also years of management experience from a team that has been successful in all facets of business from start-ups to running large international organizations.  The fundamental core of our operations is centered on the vast opportunities within fragmented industries. 

Invictus MD works in partnership with management teams to increase shareholder value through business planning and process integration, developing and executing growth strategies, leveraging our experience and relationships, and structuring and deploying the proper capital to support long-term growth.  Our prudent approach to both investing in and developing successful companies ensures successful execution of the business plan in both times of economic expansion and contraction.

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

On Behalf of the Board,

Dan Kriznic

Chairman & CEO

604-368-6437

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management’s discussion and analysis for the period ended October 31, 2015. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management’s current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

Invictus MD Announces Production Plans for Edison Vape

Posted on Categories: Investor Relations

Vancouver, BC, December 3, 2015 – INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to announce that its wholly-owned subsidiary, Edison Vape Co. Ltd. (“Edison”) has completed the production-ready designs of the Edison Vape devices and manufacturing of the required moulds and tooling equipment is now underway. Edison expects to receive pre-production samples by the end of January 2016, and is planning on a launch in California, USA in the first quarter of 2016.

Ryan Selby, CEO of Edison, commented, “This announcement marks yet another significant milestone for the Edison Vape Co. It has taken the combined efforts of the entire Edison team and our dedicated supply partners to reach this point, and I can speak for all of us when I say that we couldn’t be more pleased to see our products moving into pre-production. It’s an exciting time for all of us.”

The technology behind the Edison Vape product includes a host of revolutionary and innovative features which management believes will provide Edison with a strong competitive advantage in an industry that has seen significant growth. As previously announced, Edison has filed a US provisional patent on its innovative technology, and has plans to file a worldwide non-provisional patent beginning in January 2016.

About Edison Vape Co. Ltd.

Edison Vape Co. is engaged in the design, development, patenting, manufacture, and distribution of a new and improved system for vaporization using low cost single-use PODs. The founders of Edison Vape Co. have a combined 13 years of experience designing, developing, patenting, manufacturing, and distributing innovative products and accessories.

About Invictus MD Strategies Corp.

Invictus MD targets companies with proven brands, strong customer focus, and significant growth potential.  We not only provide capital to meet these objectives but also years of management experience from a team that has been successful in all facets of business from start-ups to running large international organizations.  The fundamental core of our operations is centered on the vast opportunities within fragmented industries.

Invictus MD works in partnership with management teams to increase shareholder value through business planning and process integration, developing and executing growth strategies, leveraging our experience and relationships, and structuring and deploying the proper capital to support long-term growth.  Our prudent approach to both investing in and developing successful companies ensures successful execution of the business plan in both times of economic expansion and contraction.

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

On Behalf of the Board,

Dan Kriznic

Chairman & CEO

604-368-6437

Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements:  This release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing of Edison Vape Co.’s initial launch of its vaporizer products, are forward-looking statements and contain forward-looking information.  Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”.  Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, including that Edison Vape Co.’s vaporizer products will be launched as intended and planned, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including the risks that Edison Vape Co. may not launch its vaporizer products by the first calendar quarter of 2016.  Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.  The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.  We seek safe harbour.