Invictus MD Strategies Corp IVITF

Invictus MD Strategies Corp is a cannabis company with a focus on the Canadian cannabis space, offering a selection of products under a wide range of cannabinoid profiles that fit the demand of the company's medical clients and retail customers. Its wholly-owned subsidiary's Phase I and Phase II facilities are in full production. The company's 50% owned subsidiary has completed its Phase II expansion and received its amended license from Health Canada. Another of its wholly owned subsidiary, connects medical clients to physicians for medical cannabis.

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Invictus MD Strategies Corp

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Post by longongeneon Sep 12, 2019 2:45pm

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Post# 30120904

Question about term loan

The agreement with Trichome states the following:

The Term Sheet includes a binding provision (the “Break Fee”) whereby, subject to TSX Venture Exchange (“TSXV”) approval, the Company will be required to issue Trichome 1,000,000 common shares if the Company does not close the Term Loan on or before September 13, 2019 or such other mutually agreed upon date.

Does this mean if the loan is not closed by tomorrow invictus is giving them 1 million shares?

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