• ๐ŸŒŽ Worldwide
    • ๐Ÿ‡บ๐Ÿ‡ธ U.S.
    • ๐Ÿ‡จ๐Ÿ‡ฆ Canada
    • ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
    • ๐ŸŒ Asia
    • ๐ŸŒ Europe
    • ๐ŸŒŽ Latin America
    • ๐ŸŒ Oceania and Australasia
The Daily Marijuana Observer
SUBSCRIBE
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
No Result
View All Result
Home Canada

Invictus Secures Supply Agreement with British Columbia Liquor Distribution Branch

D.M.O. Newswire by D.M.O. Newswire
July 18, 2018
in Canada, Investments, Marijuana Stocks, Press Releases
Medcolcanna Signs Letters of Intent for Joint Venture and Investment into Extraction Subsidiary

Photo by Pixabay on Pexels.com

47
SHARES
ShareShare

agreement balance business commerce

Vancouver, B.C. — July 11, 2018 — /D.M.O. Newswire/ — Invictus MD Strategies Corp. (“Invictus” or the “Company”) (TSXV:GENE) (OTC:IVITF) (FRA:8IS1)ย is pleased to announce that it has signed a Memorandum of Understanding (“MOU“) with the BC Liquor Distribution Branchย (“LDB”)ย to supply the province with a selection of premium cannabis products for the upcoming recreational marketplace. Invictus’ portfolio includes award-winning strains, supplied by our wholly-owned subsidiary, Acreage Pharms Ltd.ย (“Acreage Pharms”), located inย Alberta.

“As a company with operations in BC, Invictus is immensely proud to have been selected to provide the LDB with quality cannabis products ahead of legalization onย October 17, 2018,” said Dan Kriznic, Chairman and CEO of Invictus. “We are looking forward to a partnership that will work to achieve our mutual objectives of building a safer marketplace for cannabis, while spurring economic activity here at home.”

Beyond supply agreements, Invictus is working to develop and implement a strategic patient acquisition program aimed at winning market share for medical cannabis sales, in addition to its ambitious retail plan that involves establishing dispensaries acrossย Western Canada. At the same time, Invictus is taking measured steps to expand our cultivation space and strain profile, as demand in the adult recreational market continues to grow.

The MOU with BC’s LDB is the Company’s first provincial supply agreement to service the adult-use market and falls in line with our multi-faceted sales and distribution strategy.

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

On Behalf of the Board,
Dan Kriznic
Chairman and CEO

Jessica Martin
Vice President, Public Relations and Regulatory Affairs
(647) 828-9655

About Invictus

Invictus owns and operates two cannabis production facilities, both with sales licenses, under the ACMPR inย Canada, with the vision of producing a variety of high quality and low-cost cannabis products to the global market, as regulations permit. The Company’s wholly owned subsidiary, Acreage Pharms Ltd. (“Acreage Pharms“), is located in West-Central Alberta. The Company’s 50% owned AB Laboratories Inc. (“AB Labs“), is located inย Hamilton, Ontario. AB Ventures Inc. (“AB Ventures“) owns 100 acres of land nearย Hamilton, Ontario, to be used for future cannabis cultivation. Recently, the Company announced that it has entered into a binding letter of intent for an option to acquire an applicant (the “OptionCo“) under the ACMPR. Combined, the Company expects to have approximately 262,000 and 846,000 square feet of cannabis production capacity by the end of 2018 and 2019, respectively.

Gene Simmons, music legend and media mogul, conveys the vision of Invictus as the Chief Evangelist Officer.

The Company’s wholly owned subsidiary, Poda Technologies Ltd. (“Poda“), has developed the world’s first zero-cleaning vaporizer system. Poda’s fully biodegradable pods are self-contained, and do not contaminate the vaporizer with odor, flavor or residue.

Finally, the Company’s 82.5% owned Future Harvest Development Ltd. (“Future Harvest“) is a high-quality Fertilizer and Nutrientsย manufacturer, based inย Kelowna, British Columbia. Future Harvest has been in operation for over 20 years under the brand Plant Life Products and Holland Secret.

Invictus’ Canadian Production Footprint:

Square Footage

Company

Phase

Province

Current

31-Dec-18

31-Dec-19

Acreage Pharms

1

Alberta

7,000

7,000

7,000

Acreage Pharms

2

Alberta

33,000

33,000

33,000

Acreage Pharms

3

Alberta

90,000

90,000

Acreage Pharms

4

Alberta

270,000

Total Acreage Pharms

40,000

130,000

400,000

AB Labs

1

Ontario

16,000

16,000

16,000

AB Labs

2

Ontario

40,000

40,000

Total AB Labs

16,000

56,000

56,000

AB Ventures

1

Ontario

21,000

21,000

AB Ventures

2

Ontario

84,000

Total AB Ventures

21,000

105,000

OptionCo

1

British Columbia

55,000

55,000

OptionCo

2

British Columbia

250,000

Total OptionCo

55,000

305,000

Total Combinedย 

56,000

262,000

866,000

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, timing, assumptions or expectations of future performance, including the expected use of the proceeds from the Company’s option and warrant exercises and the potential production capacity of OptionCo, AB Labs, AB Ventures and Acreage Pharms, 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” or “would” 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 that there will be no material change in the Company’s business or market conditions that will require the Company to alter its current anticipated use of the proceeds from the option and warrant exercises that OptionCo, AB Labs, AB Ventures and Acreage Pharms will be successful in reaching their potential production capacity, OptionCo, AB Labs, AB Ventures and Acreage Pharms’ production facilities will be completed as anticipated, regulatory approval will be granted as anticipated, OptionCo, AB Labs, AB Ventures and Acreage Pharms will reach full production capacity on the timeline anticipated by the Company,.ย  These forward-looking statements 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, there will be a material change in the Company’s business or market conditions that will require the Company to alter its current anticipated use of the proceeds from the option and warrant exercises OptionCo, AB Labs, AB Ventures and Acreage Pharms will not be successful in reaching its potential production capacity, OptionCo, AB Labs, AB Ventures and Acreage Pharms production facilities will not be completed as anticipated, construction delays, regulatory approval will not be granted as anticipated and therefore, the anticipated timing of OptionCo, AB Labs, AB Ventures and Acreage Pharms reaching full production capacity will be delayed.ย  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 out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Invictus MD Strategies

Share this:

  • Click to email this to a friend (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: BC Liquor Distribution BranchBritish ColumbiaDan KriznicInvictus MD Strategies Corp.OTC:IVITFTSXV:GENE

Get Real-Time Updates from MJobserver.com

Unsubscribe
D.M.O. Newswire

D.M.O. Newswire

D.M.O. Newswire is the cannabis industry's trusted news and press release dissemination service.

Related Posts

WeedMD Responds to UFCW Canada
Executives

Invictus Announces Resignations

February 27, 2020
Marijuana Stocks - Losers
Marijuana Stocks

5 of Todayโ€™s Biggest Marijuana Stock Losers – Friday, February 14, 2020

February 14, 2020
Marijuana Stocks - Gainers
Marijuana Stocks

5 of Todayโ€™s Biggest Marijuana Stock Gainers – Friday, January 24, 2020

January 24, 2020
Zenabis Announces Receipt of License Amendment of Zenabis Langley for an Additional 69% Increase in Total Annual Capacity
Canada

TGOD Bolsters Canadian Distribution and Initiates Cultivation at Valleyfield Hybrid Greenhouse

November 25, 2019
Marijuana Stocks - Losers
Marijuana Stocks

5 of Todayโ€™s Biggest Marijuana Stock Losers – Thursday, November 21, 2019

November 21, 2019
Acreage Announces Operational Updates, Executive Resignation, Suspension of Guidance and Termination of Proposed Deep Roots Acquisition
Canada

INVICTUS PROVIDES UPDATE ON ACREAGE PHARMS LTD. AND AB LABORATORIES INC.

November 5, 2019
Load More
Next Post
Eve & Co Incorporated (TSXV:EVE) Marijuana Stock Update

Eve & Co Signs Deal With British Columbia for Distribution of Recreational Cannabis

Leave a Comment! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

๐Ÿšจ Subscribe to Stock Alerts

Get Live Updates on Breaking News

Subscribe Now

โœ‰๏ธ Subscribe to Our Newsletter!

* indicates required

๐Ÿ”Ž Search Marijuana Stocks

๐Ÿ“ฐ Recent News

  • Verano Holdings Enters into Agreement to Expand Arizona Footprint
  • Green Thumb Industries Announces Initial Public Offering in the U.S. to Raise US$100,000,000
  • Greenlane Announces Dismissal of Remaining Securities Class Action
  • Indiva Reports Record Market Share for January 2021
  • Acreage Announces Fourth Quarter And Full Year 2020 Earnings Date
Facebook Twitter Instagram LinkedIn Youtube

Cannabis News by Region

  • ๐Ÿ‡บ๐Ÿ‡ธ United States
  • ๐Ÿ‡จ๐Ÿ‡ฆ Canada
  • ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
  • ๐ŸŒ Asia
  • ๐ŸŒ Europe
  • ๐ŸŒŽ Latin America
  • ๐ŸŒ Oceania and Australasia

Cannabis Tools & Resources

  • ๐Ÿ“… Calendar
  • ๐Ÿ“Š Databases
  • ๐Ÿ“‡ Directories
  • ๐Ÿ”” RSS Feeds
  • ๐Ÿ“บ Videos

Find Cannabis Business Services

  • โš–๏ธ Attorneys & Law Firms
  • ๐Ÿ“Š Accountants & Accounting Firms
  • ๐Ÿ’ก Consultants & Consulting Firms
  • ๐Ÿ“ฒ Marketing Agencies & Firms

The Daily Marijuana Observer

  • Subscribe
  • About MJobserver.com
  • Affiliate Marketing Disclosure
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Advertise with Us

  • ๐Ÿ‘€ Advertise
  • ๐Ÿ“ฃ DMO Newswire
  • ๐Ÿ“‡ List in Our Databases

ยฉ 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerโ„ข (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

No Result
View All Result
  • Home
  • Latest
  • ๐Ÿ”’ PRO
    • ๐Ÿ”’ A.M. Watchlist
    • ๐Ÿ”’ Analyst Action
  • ๐Ÿ’ผ Business
  • ๐Ÿ“ˆ Investments
    • ๐Ÿ“ˆ Stocks
    • ๐Ÿ’ฐ ETFs and Funds
    • ๐Ÿ’ญ Market Commentary
    • ๐Ÿ“ฐ Press Releases
    • ๐Ÿ“… Earnings Calendar
  • โš–๏ธ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • ๐Ÿ‘ฅ People
    • โšฝ Athletes
    • ๐Ÿ’ผ Executives
    • ๐ŸŒŸ Celebrities
    • ๐Ÿ›’ Consumers
    • โš•๏ธ Doctors
    • ๐Ÿ’Š Patients
  • ๐Ÿ’Š Health
  • ๐Ÿ“‡ Databases
    • ๐Ÿ“ˆ Stock Databases
    • ๐Ÿ’ฐ Fund Databases
    • ๐Ÿ’ผ Service Providers Databases
    • ๐Ÿฆ Marijuana Stock Brokers
    • ๐Ÿ’ฒ Marijuana Cryptocurrencies

ยฉ 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerโ„ข (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.