(via Thenewswire.ca)
Vancouver, BC / TheNewswire / July 18th, 2016 - INVICTUS MD STRATEGIES
CORP. ("Invictus MD" or the "Company") (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to report that it has acquired, indirectly through its subsidiary, Prestige Worldwide
Holdings Inc., an additional 7.5% of the shares of Future Harvest Development Ltd. (“Future
Harvest”) pursuant to a purchase and sale agreement dated July 15, 2016.
In exchange for the additional 7.5% of the shares of Future Harvest, the Company paid $375,000 in
cash to a shareholder of Future Harvest, representing a $5 million valuation. In aggregate, the Company’s total interest in Future
Harvest is now 82.5%.
Chirs Pearson, Chief Revenue Officer of Future Harvest commented, “This increase in ownership is
another example of how quickly we are able to react to market and operational opportunities, and is one of our core strengths.
Management’s ability to react quickly & strategically in creating partnerships within new emerging markets will be critical to our
success and market share growth. “
The recent sale of Future Harvest’s SunBlaster product line has allowed management to focus their
efforts on the company’s fertilizer line, Plantlife Products. To date, Future Harvest continues to progress towards
increasing operational efficiency and quality control in the production of our fertilizer, research and development, and
distribution. The Plantlife product line has experienced a 65% increase in gross sales for the fiscal year ended June 30,
2016 as compared to the prior year, which demonstrates the growth potential which the
Company intends to capitalize on.
As previously announced, the Company received board approval to complete a spin-out of Future
Harvest into a newly-formed public company, however given the current internal reorganization, it was determined not to proceed at
this time.
Further, the Company has granted an aggregate of 250,000 incentive stock options (the
“Options”) under its Stock Option Plan to certain employees and
consultants of the Company, subject to vesting provisions. The Options are exercisable at a price of $0.35 for a period of 5
years from the date of grant.
About Future Harvest Development Ltd.
For over 20 years, Future Harvest has brought innovative products and solutions to the hydroponic
and indoor growing industries. Future Harvest’s product lines are available through leading distributors and retailers across North
America, the United Kingdom and Europe and include Nutradip, Plantlife Products and Plant Life Plastics, currently sold at major
hardware and home garden centers across North America.
Plantlife Products consists of 29 proprietary formulas that offer growers the leading edge in
sediment free plant nutrition. Every product has been developed and tested in-house by Future Harvest’s own plant scientists. Based
on rigorous testing by the Washington State Department of Agriculture, Future Harvest’s Plantlife products have less than
1/3rd of the heavy metals found in competitive products.
Future Harvest has been manufacturing metering and monitoring equipment for over fifteen years.
The most popular and industry standard is the Trimeter, made famous because a single glance tells you if your pH, nutrients and
temperatures are on target. All Nutradip products are developed, designed, tested and assembled in Canada.
For more information please visit www.futureharvest.com.
About Invictus MD Strategies Corp.
Invictus MD targets companies with proven brands, strong customer focus, and significant growth
potential. We not only provide capital to meet these objectives but also years of management experience from a team that has
been successful in all facets of business from start-ups to running large international organizations. The fundamental core
of our operations is centered on the vast opportunities within fragmented industries.
Invictus MD works in partnership with management teams to increase shareholder value through
business planning and process integration, developing and executing growth strategies, leveraging our experience and relationships,
and structuring and deploying the proper capital to support long-term growth. Our prudent approach to both investing in and
developing successful companies ensures successful execution of the business plan in both times of economic expansion and
contraction.
For more information please visit www.invictus-md.com.
On Behalf of the Board,
Dan Kriznic
Chairman & CEO
604-368-6437
Copyright (c) 2016 TheNewswire - All rights reserved.