Invictus MD Announces $4.6 Million in Assets on Second Quarter Balance Sheet

Posted on Categories: Investor Relations

Vancouver, BC, October 1, 2015 – INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (CSE: IMH; OTC: IVITF; FRA: 8IS) announces that it has filed its condensed interim consolidated financial statements and management’s discussion and analysis (the “Financial Statements”) for the six months ended July 31, 2015 (the “Second Quarter”), available for viewing on www.sedar.com.

During the Second Quarter, the Company acquired majority control of Future Harvest Developments Ltd. (“Future Harvest”), and accordingly, the Financial Statements have been prepared on a consolidated basis. On June 30, 2015, the Company increased its equity interest in Future Harvest to 60%.

Second Quarter Financial Highlights

  • Total assets at July 31, 2015 of $4,610,218
  • Revenues, cost of sales, and gross margin for the Second Quarter totalled $396,489, $237,847, and $158,642 respectively, which was primarily attributed to sales from Future Harvest for the month of July 2015.
  • Operating expenses for the Second Quarter totalled $250,929, and are comprised of expenses incurred for investor relations, sales and marketing, and travel.
  • General and administrative expenses for the Second Quarter totalled $268,198.

Dan Kriznic, President and CEO commented, “The value of the Company has increased substantially since initial inception in December 2014. We have continuously executed our business plan and will continue to do so. Since the Company’s initial acquisition of Future Harvest, they have seen record-breaking sales and profits, as demonstrated by their achievement of 100% sales growth in the quarter ended September 30, 2015, in comparison to the prior year period. We expect Future Harvest to continue generating strong sales and a strong bottom line as they prepare for a busy fall in the lawn and garden industry.”

Cash and Working Capital

At July 31, 2015, the Company had cash and cash equivalents of $469,922 and working capital of $2,117,199. The Company currently has 54,636,118 common shares outstanding, which will be reduced to 37,546,997 common shares in the coming weeks, once the voluntary return and cancellation of escrowed securities is completed.

Financial Reports

Full details of the financial reports and operating results for the Second Quarter 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 Future Harvest Development Ltd.

For over 20 years, Future Harvest has brought innovative products and solutions to the hydroponic and indoor growing industries. Future Harvest’s product lines are available through leading distributors and retailers across North America, the United Kingdom and Europe. SunBlaster Lighting™, Nutradip, Plantlife Products and Future Harvest Plastics, as well as the Nano-Dome and Grow Light Garden systems currently sold at major hardware and home garden centers across North America.

The SunBlaster Lighting™ line has introduced a variety of innovative lighting products to both the hydroponic and indoor growing industries. SunBlaster T5HO lighting fixtures and CFL self ballasted lamps are industry leaders and a great example of Future Harvest’s commitment to providing customers with the best possible lighting for all their growing needs.

Future Harvest has been manufacturing metering and monitoring equipment for over fifteen years. The most popular and industry standard is the GrowBoss, made famous because a single glance tells if your pH, nutrients and temperatures are on target. All Nutradip and SunBlaster products are developed, designed, tested and assembled in Canada.

Plantlife Products consists of 29 proprietary formulas that offer growers the leading edge in sediment free plant nutrition. Every product has been developed and tested in-house by Future Harvest’s own plant scientists.
For more information please visit www.futureharvest.com.

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

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 July 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.

Future Harvest Development Releases New Products

Posted on Categories: Investor Relations

Vancouver, BC, September 16, 2015 – INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to provide an update on Future Harvest Development Ltd. (“Future Harvest”), of which Invictus MD owns 60%, and their newly expanded line-up of products for the fall season.

Wicking Gardens

This year Future Harvest has released a new line-up of wicking gardens to the market, including the Chili Grow, Herb Grow, and Duo Grow Gardens. These gardens contain smart reservoirs that contain between 7–12 liters of water and the feeder mats in each pot pull water up directly to the roots only when water is needed. This method ensures that roots are never water logged or overly dry, resulting in a continual flow of oxygen.

These wicking gardens will increase the size of your harvest on average by 2 times compared to those produced with regular pots or growbags. The increased harvest is a direct result of having optimal root conditions throughout its life.

Micro Grow Light Garden

Fresh off the success of the critically acclaimed Grow Light Garden, Future Harvest has developed and launched a garden that is half the size of the original, the ‘Micro Grow Light Garden’. This new ultra compact size and shape is ideal for table or kitchen counter-top use. The sturdy base and tray acts as a reservoir for water. In this tray sits a stand covered by a sheet of absorbent cloth that draws water up and into the bottoms of the planted seed trays by capillary action.

Included in the Micro Grow Light Garden are Sunblaster 6400K T5HO fluorescent tube lighting and a curved reflector hood that floods the growing area in full spectrum light, while using 20% less electricity than traditional lighting systems. The height of the hood is fully adjustable, and is secured with new adjusting collars.
The Micro Grow Light Garden is available in original black or white, and is perfect for the home, office or restaurant. Travis Brown, Sales Manager of Future Harvest commented, “Urban farming and gardening is becoming increasingly popular and these wicking gardens are perfect for this quickly growing market. Future Harvest has received excellent customer feedback and reviews on the gardens thus far, and we look forward to continual growth as the industry strengthens and demand continues to rise.”

Calnesium Nutrient Boost

Calnesium is the newest addition to Future Harvest’s Plantlife Products complete hydroponic fertilizer line. Calnesium is a powerful blend of Nitrogen, Calcium and Magnesium that is specifically designed to provide an additional nutrient boost from our 3 part hydroponic fertilizer for crops that demand it, and is an excellent additive to prevent blossom end rot on tomatoes. Canlesium can also be used as foliar spray for high value crops.

For more information on any of our products please visit www.futureharvest.com.

The Company also announces that it has settled outstanding debt of $14,300 as owed to one creditor, through the issuance of 114,400 common shares at a deemed price of $0.125 per share. The shares are subject to a hold period and may not be traded until January 16, 2016.

About Future Harvest Development Ltd.

For over 20 years, Future Harvest has brought innovative products and solutions to the hydroponic and indoor growing industries. Future Harvest’s product lines are available through leading distributors and retailers across North America, the United Kingdom and Europe and include SunBlaster Lighting™, Nutradip, Plantlife Products and Future Harvest Plastics, as well as the Nano-Dome and Grow Light Garden systems currently sold at major hardware and home garden centers across North America.

The SunBlaster Lighting™ line has introduced a variety of innovative lighting products to both the hydroponic and indoor growing industries. SunBlaster T5HO lighting fixtures and CFL self ballasted lamps are industry leaders and a great example of Future Harvest’s commitment to providing customers with the best possible lighting for all their growing needs.

Future Harvest has been manufacturing metering and monitoring equipment for over fifteen years. The most popular and industry standard is the Trimeter, made famous because a single glance tells you if your pH, nutrients and temperatures are on target. All Nutradip and SunBlaster products are developed, designed, tested and assembled in Canada.

Plantlife Products consists of 29 proprietary formulas that offer growers the leading edge in sediment free plant nutrition. Every product has been developed and tested in-house by Future Harvest’s own plant scientists.
For more information please visit www.futureharvest.com.

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

Future Harvest Development Kicks Off Its Annual Lawn & Garden Trade and Buying Show Season

Posted on Categories: Investor Relations

Vancouver, BC, September 10, 2015 – INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to provide an update on Future Harvest Development Ltd. (“Future Harvest”), of which Invictus MD owns 60%, as the fall lawn and garden show season begins.

During the month of August, Future Harvest attended the IGC Chicago Show on Navy Pier and the BFG Cleveland Sales Conference. Several new and innovative products were introduced to rave reviews from both Distributors and Lawn & Garden retailers alike. Pre-bookings have been brisk.

Future Harvest will be attending seven separate buying shows across North America in the month of September alone. At these shows, national distributors and large chain retail stores will be able to purchase and view the company’s expanded product lines.

Products on display will included a new line of wicking gardens, and the new Micro-Grow Light garden; a complete system that contains everything needed to grow fresh herbs, microgreens and vegetables all year round within the home. These are in addition to Future Harvest’s award winning products. The shows will be attended by Future Harvest’s sales and management team, which has extensive knowledge in hydroponics, and optimizing indoor growing for the lawn and garden sector. For more information on Future Harvest’s new fall products please visit: http://www.futureharvest.com/new-stuff/.

About Future Harvest Development Ltd.

For over 20 years, Future Harvest has brought innovative products and solutions to the hydroponic and indoor growing industries. Future Harvest’s product lines are available through leading distributors and retailers across North America, the United Kingdom and Europe. SunBlaster Lighting™, Nutradip, Plantlife Products and Future Harvest Plastics, as well as the Nano-Dome and Grow Light Garden systems currently sold at major hardware and home garden centers across North America.

The SunBlaster Lighting™ line has introduced a variety of innovative lighting products to both the hydroponic and indoor growing industries. SunBlaster T5HO lighting fixtures and CFL self ballasted lamps are industry leaders and a great example of Future Harvest’s commitment to providing customers with the best possible lighting for all their growing needs.

Future Harvest has been manufacturing metering and monitoring equipment for over fifteen years. The most popular and industry standard is the GrowBoss, made famous because a single glance tells if your pH, nutrients and temperatures are on target. All Nutradip and SunBlaster products are developed, designed, tested and assembled in Canada.

Plantlife Products consists of 29 proprietary formulas that offer growers the leading edge in sediment free plant nutrition. Every product has been developed and tested in-house by Future Harvest’s own plant scientists.
For more information please visit www.futureharvest.com.

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