VANCOUVER, April 13, 2017 /CNW/ - 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."
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.
For more information, please visit www.invictus-md.com.
On Behalf of the Board,
Dan Kriznic
Chairman & CEO
Larry Heinzlmeir
Vice President, Marketing & Communications
604-537-8676
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, the
forecasted revenue for Future Harvest, and projections regarding
the potential future value of the cannabis industry 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 by Spring 2016, that the
Company will obtain all requisite approvals of the spin-out
transaction, that current Future Harvest sales levels will be
sustained and result in the generation of approximately
$6-7 million in revenue for the
fiscal year ending June 30, 2016, 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 by Spring 2016 as
planned; the timing and receipt requisite approvals; unexpected
operational difficulties (including failure of equipment,
unavailability of material, industrial disturbances or job action)
as well as other unanticipated events that may prevent Future
Harvest from reaching gross sales targets; and failed projections
notwithstanding solid research efforts. 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. To the
extent that the anticipated achievement of Future Harvest's gross
sales target may constitute a financial outlook within the meaning
of applicable Canadian securities laws, such information has been
approved by management of the Company and is provided for the
purposes of providing information relating to management and Future
Harvest's current expectations and plans. 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.
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