Invictus MD Announces Completion of its Commitment to Acquire 33.33% of Licensed Producer AB Laboratories Inc.

Invictus MD Provides an Update on Harvest by Acreage Pharms Ltd.

Invictus MD Provides an Update on Harvest by Acreage Pharms Ltd.

 

 

Invictus MD AnINVICTUS MD STRATEGIES CORP. ("Invictus MD" or the "Company"is pleased to announce that its wholly nounces Completion of its Commitment to Acquire 33.33% of Licensed Producer AB Laboratories Inc.

PRESS RELEASE INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (TSXV: IMH; OTC: IVITF; FRA: 8IS) is pleased to announce that its wholly owned subsidiary, Acreage Pharms Ltd. (“Acreage Pharms”), a licensed producer under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”), completed its first two successful harvests earlier this month.  Acreage Pharms, utilizing its pesticide free growing systems, anticipates two harvests to take place the first week of September.

Trevor Dixon, CEO of Acreage Pharms commented “The yields from both of the first two harvests exceeded expectations. The additional two harvests in the first week of September will utilize the entire grow space which will maximize yields and generate sufficient data to determine anticipated annual production rates. Acreage Pharms will be in a position to receive the license to sell once the QA team has analyzed the results of the third-party lab tests. This will be a significant milestone for Acreage Pharms.”

The initial harvests in this purpose built, state-of-the-art production facility along with the highly capable, cultivation team that uses Good Production Practices, has resulted in high quality, non-irradiated medical cannabis.



INVICTUS MD STRATEGIES

The company is also pleased to report that Phase 2, a 27,800 square foot purpose built, multiple room production facility, is well under construction with scheduled completion by the end of January 2018.  Given the production improvements realized from Phase 1, the new facility is projected to produce up to 4,200 kgs per annum.  That represents a 800% increase in production over the existing production facility.  The capital costs of constructing the Phase 2 production facility is within the $6 million that was initially budgeted.

Dan Kriznic, Chairman & CEO, Invictus MD  commented “Invictus MD is well capitalized for expansion with approximately $28.5 million in cash and is prepared for an exciting year of growth. We have one of the industry’s most experienced teams and our focus remains on building our shareholder value with significant expansion plans as the demand for cannabis increases.”

About Invictus MD Strategies Corp.

Invictus MD Strategies Corp. is focused on two main verticals within the Canadian cannabis sector, namely the Licensed Producers under the ACMPR, being its wholly owned subsidiary Acreage Pharms and its non-wholly owned affiliate AB Laboratories Inc.; along with Fertilizer and Nutrients through its non-wholly owned subsidiary Future Harvest Development Ltd.

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

Like up on FACEBOOK


logo



Pharmaceuticals  stocks ( CGC)  ( JNJ ) ( MRK ) ( GSK ) ( celg )  ( gild )



Invictus MD Announces Completion of its Commitment to Acquire 33.33% of Licensed Producer AB Laboratories Inc.

Invictus MD’s Future Harvest Achieves Increase In Gross Margin Benefiting From Its Focus On The Burgeoning Global Cannabis Sector

Invictus MD’s Future Harvest Achieves Increase In Gross Margin Benefiting From Its Focus On The Burgeoning Global Cannabis Sector

 

 

 Invictus MD’s Future Harvest Achieves Increase

BUZ INVESTORS Invictus MD's Future Harvest Achieves Increase INVICTUS MD STRATEGIES CORP. ("Invictus MD" or the "Company") (TSXV: IMH; OTC: IVITF; FRA: 8IS) is pleased to report that Future Harvest Development

 BUZ INVESTORS  Invictus MD’s Future Harvest Achieves Increase  INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (TSXV: IMH; OTC: IVITF; FRA: 8IS) is pleased to report that Future Harvest Development Ltd. (“Future Harvest”), of which Invictus MD currently owns 82.5%, has generated $1.787 million in revenue for the 9 months ending March 31, 2017, with a gross margin of $907,864, representing a 50.8% gross margin compared to the same period in the prior year gross margin of $642,773, and a 35.9% margin.

Chris Pearson, Chief Revenue Officer of Future Harvest commented that, “we supply specialty fertilizers and other supplies for hydroponics, the indoor method of growing crops favored by cannabis cultivators.  We know there’s a massive market out there; we’re directly focused on what’s made our business successful: high-value crops. To seize the growing demands in the cannabis sector, we’ve ramped up production by installing a second, fully automated bottling line increasing overall production efficiency by 400%, and a state-of-the-art pill press (patent pending), enabling us to produce water-soluble nutrient tablets, eliminating the need for water and salt and greatly reducing packaging and transportation costs for large-scale commercial applications. These initiatives further position us for the highly profitable business opportunities within the global cannabis sector.”



OTHER STORIES BUZ TRADERS FOLLOW

 Invictus MD’s Future Harvest Achieves Increase

Dan Kriznic, Chairman and CEO of Invictus MD commented, “Future Harvest’s success reinforces our focused execution on being a leader in the burgeoning global cannabis industry as Canada moves closer to legalized recreational marijuana. We remain confident in our ability to delivering strong results this year, and expand Future Harvest’s ability to further increase our shareholder value.”

About Future Harvest Development Ltd.

For over twenty years, Future Harvest has brought fertilizers, metering and monitoring equipment and other supplies for hydroponics, the indoor method of growing crops favored by the burgeoning cannabis industry,

Future Harvest’s product lines are available through leading distributors and retailers across North America, the United Kingdom and Europe and include Nutradip, Plantlife Products and Future Harvest Plastics.

About Invictus MD Strategies Corp.

Invictus MD Strategies Corp. is focused on three main verticals within the burgeoning Canadian cannabis sector: Licensed Producers under the ACMPR including an investment in a fully licensed facility, AB Laboratories Inc. as well as the option to now acquire 100% of Acreage Pharms Ltd.; Fertilizer and Nutrients through Future Harvest Development Ltd.; and Cannabis Data and Delivery, with its wholly owned subsidiary Poda Technologies Ltd.

Like up on FACEBOOK


Ebates Coupons and Cash Back



Pharmaceuticals  stocks ( CGC)  ( JNJ ) ( MRK ) ( GSK ) ( celg )  ( gild )




FIRST HARVEST CORP. AND CANNAVOICES, INC. ANNOUNCE COMPLETION OF SHARE EXCHANGE TRANSACTION

First Harvest Corp. And Cannavoices, Inc. Announce Completion Of Share Exchange Transaction

First Harvest Corp. And Cannavoices, Inc. Announce Completion Of Share Exchange Transaction

FIRST HARVEST CORP. AND CANNAVOICES, INC. ANNOUNCE COMPLETION OF SHARE EXCHANGE TRANSACTION

 

TAMPA, Fla., Feb. 10, 2017 /PRNewswire/ — First Harvest Corp. (OTC: HVST) (the “Company” or “First Harvest”) announced today that it has entered into and closed an agreement and plan of merger and reorganization with CV Acquisition Corp., a wholly-owned subsidiary of the Company and Cannavoices, Inc. (“Cannavoices”). Pursuant to the Merger Agreement, effective on the closing date, CV Acquisition Corp. merged with and into Cannavoices, such that Cannavoices, the surviving corporation, became a wholly-owned subsidiary of First




Harvest.Cannavoices Business Overview:Cannavoices is a platform for technology, media and gaming with a focus on the cannabis industry and emerging growth sectors.  Cannavoices plans to generate revenue primarily through in-app sales of virtual goods, affiliate ecommerce sales promoted by celebrities highlighted on its platform, and through advertising services.The ecosystem spans mobile gaming, digital and social media, ecommerce sales and education.  Cannavoices is developing a digital media services platform (the “Platform”) as a way for niche cannabis-related companies, as well as mainstream advertisers, to reach a pro-cannabis audience. The Platform addresses the communication challenge between pro-legalization supporters of medical and recreational cannabis and advertisers that want to reach this growing demographic.To reach the pro-cannabis target audience, the Platform currently consists of two elements:Hemp Inc. – A mobile gaming app known as Hemp Inc. (the “Game”) is a business strategy, role-playing game providing the user the experience of growing and dispensing cannabis in a virtual environment. It is a strategy-based game that mimics the real life cannabis culture and serves as a platform for advertising and ecommerce sales.  This unique, entrepreneurial game is similar in format to a FarmVille® or Clash Royale™ type game for mobile gamers to develop, grow and dispense virtual cannabis and interact with celebrities and advertisers’ “brands” within the game. The celebrities participate as avatars, which ties to the Game’s revenue model.Future updates are planned for the “Augmented Reality” and “Virtual Reality” markets and technology. This will allow for players to engage one another in a AR/VR styled world and imagine themselves growing, buying, selling, building and incorporating real world dispensaries and delivery partners as well.The development team for the Game is led by Danny Hammett, the former Executive Vice President at Activision. Mr. Hammett was responsible for their intellectual property development and product launches, including creation of such iconic games as – Call of Duty, Big Game Hunter, Tony Hawk, Spiderman and Toy Story.  He has put together a team of developers with experience at such gaming and technology companies as Activision, Sega, MiniClip and DropBox.The Game is currently available for download on iTunes and is expected to be available on the Google Play Store in the first quarter of 2017.  It is a sales platform that uses a viral marketing strategy to take advantage of the social media reach of the celebrities in the Game and the popularity of the cannabis legalization movement.  This allows the Game to build its user base with a low acquisition cost.www.cannavoices.com – A member-based social media platform for subscribers to participate in an open forum with other pro-cannabis supporters in an interactive social media platform. Within this one platform, members share cannabis-related news, events, culture, technology, business insights, and inspiration while networking with like-minded individuals. Each member builds a unique personal profile by sharing and documenting his individual voice and journey into realizing the benefits of cannabis. Cannavoices also intends to publish, through this platform, a quarterly on-line magazine with content designed using an elegant, enlightened theme to promote more social acceptance of cannabis. We believe this model has a broad appeal to cannabis-affinity groups and will be an advertising revenue model.Kevin Gillespie, President and Chief Executive Officer of First Harvest said, “This is an important corporate milestone for our Company.  We believe combining three of the fastest growing business sectors – cannabis, social media and mobile gaming, along with our world-class development team led by the former Executive Vice President of Activision, together with our promotional celebrities and entities, and our Platform, can become a premiere advertising medium in the cannabis industry.”Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimated” and “intend,” among others.  The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties, an

Source: First Harvest Corp. And Cannavoices, Inc. Announce Completion Of Share Exchange Transaction