Dan Kriznic’s Invictus MD Strategies (
CSE:C.IMH,
Stock Forum) isn’t sexy yet by daytrader standards, but the institutional dough is beating a path to the vertical integrator’s door.
A
private placement financing closed today and brought in $813,100, running roughshod over the $500k figure the company sought when it opened the financing.
Some of those investment dollars came from the President and CEO himself, as did more from CFO Kelsey Chin and Director Colin Kinsley, a situation all the more remarkable coming at a price of $0.15 per share, when the market price has fluctuated between $0.11 and $0.14 of late.
$300k of that raise will go toward
locking in a stake in
Future Harvest, a 20-year Edmonton-based hydroponics and grow supplies outfit that was one of the first companies acquired by Kriznic in a
pick-up spree that took in
six deals in six months, including Cannabis Health Journal, vaporizer tech outfit Edison Vape, e-commerce portal Smokazon, information referral service Vitaleaf, and grow facility consultants Greener Pastures.
Future Harvest reportedly brings in over $4m in revenues annually.
Invictus has a $6.4m market cap, with 47.2m shares outstanding.
FULL DISCLOSURE: Invictus MD Strategies is a Stockhouse Publishing marketing client, and the author holds shares in the company.