INVICTUS
ANNOUNCES SHAREHOLDERS VOTING RESULTS OF ANNUAL GENERAL AND SPECIAL
MEETING
Vancouver,
BC, Canada -- October
19,
2018 -- InvestorsHub NewsWire -- INVICTUS MD
STRATEGIES CORP. ("Invictus" or the "Company") (TSXV: GENE; OTCQX: IVITF; FRA:
8IS1) announces the following voting
results from the Company's 2018 Annual
General and Special Meeting of Shareholders (the
"Meeting"), which was held
in Vancouver on
October 18, 2018. A total of 37,280,226 common shares of the
96,623,857
common shares
outstanding at the record date were voted at the Meeting,
representing 38.58% of the issued and outstanding
common shares of the Company at the record date.
The
Shareholders
received the consolidated audited financial statements of the
Company for the year ended January 31, 2018, and voted in favour of all items of business
proposed by management at the Meeting, including:
-
The
reappointment of Manning Elliot, LLP Chartered
Accountants as auditor of the Company;
-
The election
of Dan
Kriznic, Trevor Dixon, George Kveton, Aaron Bowden, Josef Hocher
and Paul Sparkes as directors for the ensuing year;
-
Approval
of
the Company's
incentive Stock Option Plan;
-
Approval of
the
proposed spin-out
of the Company's wholly-owned subsidiary, Poda Technologies Ltd.
("Poda") by way of plan of arrangement
(the "Arrangement"); and
-
The
amendment to the Escrow Agreement dated October 16,
2015.
Completion of the
Arrangement is contingent upon the completion of
all
remaining closing conditions associated
with the Arrangement, including final regulatory
and court approvals. The Arrangement was previously
announced on August 21, 2018, and the Arrangement Agreement was
signed on September 10, 2018.
For more
information, please visit
www.invictus-md.com.
On Behalf of the
Board,
Dan
Kriznic
Chairman and
CEO
Jessica
Martin
Vice President,
Public Relations and Regulatory Affairs
(833)
879-4363
About
Invictus
Invictus is a
global cannabis company offering a selection of products under a
wide range of lifestyle brands. Our integrated sales approach is
defined by five pillars of distribution including medical,
adult-use, international, Licensed Producer to Licensed Producer
and retail stores.
Invictus has
partnered with business leaders to convey our corporate vision,
including KISS music legend and business mogul Gene Simmons as our
Chief Evangelist Officer. To meet growing
demand, Invictus is expanding its
cultivation footprint, with two cannabis production facilities
fully licensed under ACMPR in Canada and a third awaiting approval,
featuring 100,000 square feet of available grow space today with
200,000 expected by January 2019 and 1 million by end of 2019. The
Company will earmark 50 per cent of production to the medical and
recreational markets, respectively. To ensure consistency in
quality and supply, Invictus maintains all aspects of the growing
process through its subsidiary, Future Harvest Development Ltd., a
high-quality Fertilizer and Nutrients manufacturer. Invictus drives
sustainable long-term shareholder value through a diversified
product portfolio with over 69 Health Canada approved strains and a
multifaceted distribution strategy including medical, recreational,
international and retail. For more information visit
www.invictus-md.com.
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 the
timing,
approval and completion of the Arrangement and related matters and
the potential production capacity of Invictus, 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 that Invictus will be successful in
reaching its potential production capacity, its production
facilities will be completed as anticipated, regulatory approval
will be granted as anticipated, Invictus will reach full production
capacity on the timeline anticipated by the Company, and no
unforeseen construction delays will be experienced. 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, the Company will not obtain the requisite
approvals to complete the Arrangement, Invictus will not be
successful in reaching its potential production capacity, its
production facilities will not be completed as anticipated, and
licenses or approvals being granted on terms or timelines that are
materially worse than expected by the Company. 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.