Update On Acreage Pharms Ltd.

Date : 06/12/2019 @ 4:51PM
Source :InvestorsHub NewsWire
Stock : Invictus MD Strategies Corp (GENE)
Quote : 0.155  -0.005 (-3.13%) @ 8:57PM

Update On Acreage Pharms Ltd.

Update On Acreage Pharms Ltd.


Vancouver, BC, Canada -- June 12, 2019 -- InvestorsHub NewsWire -- INVICTUS MD STRATEGIES CORP. (“Invictus” or the “Company”) (TSXV: GENE; OTCQX: IVITF; FRA: 8IS2) Mr. Trevor Dixon, Chief Executive Officer of Invictus, is pleased to report that the Phase I and II facilities of the Company’s wholly owned subsidiary Acreage Pharms Ltd. (“Acreage Pharms”), comprising a total of 40,000 sq. ft of combined space, are now in full production and is commencing the third harvest cycle from their eleven flowering rooms.  Phase II was licensed for production under Health Canada’s Access to Cannabis for Medical Purposes Regulations(“ACMPR“) on August 31, 2018 and is currently harvesting four room harvests per month.  Total production has now reached over 200 kg per month of dry bud and dry cannabis for Acreage Pharms’ in-house CO2 critical gas extraction. Phase I and II are meeting the planned production of 2,400 kg per year. Acreage Pharms is averaging a price of $5.95 per gram sold of dry bud.

On Behalf of the Board
Trevor Dixon
Chief Executive Officer

Investor Relations 1-844-800-6086
E-Mail: connect@invictus-md.com

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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