VANCOUVER, Nov. 26, 2018 /CNW/ - INVICTUS MD
STRATEGIES CORP. ("Invictus" or the "Company") (TSXV: GENE; OTCQX:
IVITF; FRA: 8IS1) announces that further to the completion of
the plan of arrangement to give effect to the spinout transaction
(the "Arrangement") involving Invictus and Poda Technologies Ltd.
("Poda") on November 8, 2018,
Computershare Investor Services Inc. (the "Depositary") has mailed
to each registered Invictus shareholder a letter of transmittal
containing instructions for use in exchanging their Invictus common
share certificates for certificates representing the
post-Arrangement Invictus and Poda shares (a "Letter of
Transmittal").
As there may be delivery delays due to a potential strike
involving Canadian postal workers, shareholders who have not
received their Letter of Transmittal are encouraged to access an
electronic copy of the Letter of Transmittal by visiting the
Company's website at www.invictus-md.com or the Company's SEDAR
profile at www.sedar.com.
Upon return of a properly completed Letter of Transmittal,
together with certificates and/or DRS advice statements
representing pre-Arrangement Invictus shares and such other
documents as the Depositary may require, certificates or DRS advice
statements for the appropriate number of post-Arrangement Invictus
and Poda shares will be distributed.
For more information, please visit www.invictus-md.com.
On Behalf of the Board,
George E. Kveton
Chief Executive Officer and Director
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 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 three cannabis production facilities
licensed under the Cannabis Act and Cannabis Regulations in
Canada. To accommodate
international sales, Invictus' wholly-owned subsidiary, Acreage
Pharms Ltd. ("Acreage Pharms"), has designed and is currently
building its Phase 3 purpose-built cultivation facility to be
European Union Good Manufacturing Practices ("EU-GMP") compliant.
The Company is targeting up to 50 per cent of production to medical
cannabis. 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, adult-use, international,
Licensed Producer to Licensed Producer and retail stores.
About Poda
Poda is actively engaged in the development and
commercialization of vaporizable products, which have the potential
to reduce the risks associated with combustible products. In
addition to several other intellectual property holdings, the
Company has developed an innovative heat-not-burn vaporization
system that uses proprietary biodegradable single-use pods, which
are both consumer and environmentally friendly. Poda's
patent-pending design prevents cross-contamination between the
electronic vaporization device and the pod, eliminating all
cleaning requirements and providing users with the most convenient
and enjoyable potentially risk-reduced vaping experience. Pod
refill options range from dried flower and tobacco to liquids and
concentrates, and can easily be switched during vaping sessions to
suit any adult consumer's mood.
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.
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SOURCE Invictus MD Strategies