TORONTO, April 2, 2018 /CNW/ -
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About Invictus MD Strategies Corp. (TSXV:GENE)
Invictus operates cannabis companies in Canada with the vision of producing a variety
of high quality and low cost cannabis products and strains to the
global market place as regulations permit. Gene Simmons, music legend and media mogul,
conveys the vision of Invictus as the Chief Evangelist Officer.
Invictus operates two cannabis production sites under the Access
to Cannabis for Medical Purposes Regulations ("ACMPR") in
Canada and has over 95,000 square
feet of cannabis production capacity at the licensed production
sites. The Company's wholly owned subsidiary Acreage Pharms
Ltd. ("Acreage Pharms"), located in West-Central Alberta on 150
acres, has approximately 40,000 square feet of cannabis ready
production with its recently completed Phase 2 expansion. The
Company intends on expanding to 120,000 square feet by the end of
2018 once Phase 3 is complete.
Invictus also owns 50% of AB Laboratories Inc. ("AB Labs"), a
licensed producer under the ACMPR located in Hamilton, Ontario. AB Labs currently operates
in a 16,000 square foot facility and recently acquired a facility
adjacent to the existing property that will allow for a total of
56,000 square feet of cultivation space ready for production by
June 2018. During the first quarter
of 2018 AB Labs submitted a secondary license to Health Canada for
a nearby property on 100 acres under the name AB Ventures Inc. ("AB
Ventures"). Invictus has committed $5.5
million in cash to AB Ventures to secure its 33 1/3 percent
ownership and allow AB Ventures to build its first 20,000 square
foot facility on the 100-acre property.
Combined, the licensed producers owned by Invictus expect to
have approximately 200,000 square feet of cannabis production
capacity by the end of 2018 and 520,000 square feet of cannabis
production capacity by the end of 2019.
In addition to the ACMPR licenses, the Company has an 82.5%
investment in Future Harvest Development Ltd. a high quality
Fertilizer and Nutrients manufacturer based in Kelowna, British Columbia that has been in
operation for over 20 years under the brand Plant Life Products and
Holland Secret.
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets
and clearinghouses for multiple asset classes including equities
and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX
Alpha Exchange, The Canadian Depository for Securities, Montréal
Exchange, Canadian Derivatives Clearing Corporation, Trayport and
other TMX Group companies provide listing markets, trading markets,
clearing facilities, depository services, technology solutions,
data products and other services to the global financial community.
TMX Group is headquartered in Toronto and operates offices across
North America (Montréal,
Calgary, Vancouver and New
York), as well as in key international markets including
London, Beijing and Singapore. For more information about TMX
Group, visit our website at www.tmx.com. Follow TMX Group on
Twitter: @TMXGroup.
SOURCE TMX Group Limited