Vancouver, BC, November 10, 2016 – INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to announce intentions for expansion following the legalization of recreational cannabis in California, Massachusetts, and Nevada and of medical cannabis in Arkansas, Florida, Montana, and North Dakota following statewide ballots held November 8, 2016.
Invictus MD welcomes the results as a considerable leap forward in the legal marijuana industry. The company anticipates major growth in response to the industry’s expansion and to the rapid pace of marijuana reform. Invictus MD is increasing the expansion of Future Harvest Development (FHD) fertilizer distribution, thus bolstering FHD’s already steady growth. Invictus MD also embraces the opportunity for more acquisitions in cultivation, processing, retail, and analytical testing labs, thereby broadening its reach to cultivate success in not only Canadian but also American markets.
The Company is particularly pleased with the legalization of recreational use in Nevada following the recent present release whereby Invictus MD announced a letter of intent for an option to acquire up to 60% of a Nevada license, for which the company has completed 90% of its due diligence. The value of this acquisition, originally priced solely for the medical market, is expected to rise rapidly with the opening of recreational markets. The company’s foresight into the Nevada market will allow for the future generation of major revenue increases for shareholders and interested parties.
Dan Kriznic, CEO of Invictus MD, commented, “These ballot results prove to be especially exciting for Invictus MD. Moving forwards, not only do we have the opportunity for expansion of Future Harvest Development’s fertilizer into the United States, but we can also reap the rewards of our upcoming Nevada cultivation license. Our analysis into the market let us jump ahead and secure an option for pre-ballot pricing, which will result in concrete benefits for our shareholders. I believe this new development illustrates Invictus MD’s dedication to matching industry growth and to excelling within the industry.”
About Invictus MD Strategies Corp.
Invictus MD targets companies with proven brands, strong customer focus, and significant growth potential. We provide not only capital to meet these objectives but also years of management experience from a team that has been successful in all facets of business, from establishing start-ups to running large international organizations. The fundamental core of our operations centers 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,
Chairman & CEO
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute 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 and completion of the proposed spin-out of Future Harvest, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and 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 certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the proposed spin-out of Future Harvest will occur as anticipated, that the Company will obtain all requisite approvals of the spin-out transaction, 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. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed spin-out may not occur as planned; the timing and receipt requisite approvals. 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. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbour.