Mr. Dan Kriznic reports

INVICTUS MD'S FUTURE HARVEST ACHIEVES 50% YEAR OVER YEAR GROWTH IN REVENUE

Future Harvest Development Ltd., of which Invictus MD Strategies Corp. currently owns 82.5 per cent, has achieved $587,800 in revenue for the three months ended September, 2016, compared with $392,366 for the same period in prior year.

Chris Pearson, chief revenue officer of Future Harvest, commented: "Our business continues to see tremendous growth. While double-digit growth is in line with the growth in the cannabis space, our ability to outpace this is reflective of the markets growing demand for research-based products specifically designed for use within the consumable market. The nutrients developed by Future Harvest over the past 20 years are now being used exclusively by many facilities across North America. We are committed to the research, development and distribution of industry-leading products. Supported by the acquisition of our new bottling line and several key internal hires, we are in a dynamic position to strengthen our market share in Canada, the United States and new emerging markets."

Dan Kriznic, chief executive officer of Invictus MD, commented: "Future Harvest is now fully focused towards becoming a leading contender in the rapidly expanding fertilizer industry. We have moved towards a fully automated production line with our expanded bottling equipment. This new line is capable of producing 40 litres of fertilizer per minute and is flexible for various sizes from 250 millilitres to four litres. We have also expanded our production line, giving us the capability to bottle anywhere from 10 litres to 1,000 litres, completely taking care of the needs of both our large commercial growers and our private-label partners."

As previously announced, the company intends to complete a spinout of Future Harvest into a newly formed public company (NewCo) in January, 2016, subject to shareholder and regulatory approval. As part of the spinout, shareholders of the company will receive one share in NewCo for every one share held in Invictus MD.

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