11:46:41 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Invictus MD Strategies Corp
Symbol IMH
Shares Issued 38,063,656
Close 2017-04-12 C$ 1.72
Market Cap C$ 65,469,488
Recent Sedar Documents

Invictus's Future has $1.78M in revenue in nine months

2017-04-13 09:54 ET - News Release

Mr. Dan Kriznic reports

INVICTUS MD'S FUTURE HARVEST ACHIEVES INCREASE IN GROSS MARGIN BENEFITING FROM ITS FOCUS ON THE BURGEONING GLOBAL CANNABIS SECTOR

Future Harvest Development Ltd., of which Invictus MD Strategies Corp. currently owns 82.5 per cent, generated $1,787,000 in revenue for the nine months ending March 31, 2017, with a gross margin of $907,864, representing a 50.8-per-cent gross margin compared with the same period in the prior year gross margin of $642,773, and a 35.9-per-cent margin.

Chris Pearson, chief revenue officer of Future Harvest, commented: "We supply specialty fertilizers and other supplies for hydroponics, the indoor method of growing crops favoured 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 per cent, 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."

Dan Kriznic, chairman and chief executive officer 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 Invictus MD Strategies Corp.

Invictus MD Strategies is focused on three main verticals within the burgeoning Canadian cannabis sector: licensed producers under the access to cannabis for medical purposes regulations including an investment in a fully licensed facility, AB Laboratories Inc., as well as the option to now acquire 100 per cent 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.

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