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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Comment by Interpolation1on Oct 16, 2016 2:16pm

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RE:INVICTUS MD ANNOUNCES $1 MILLION DIVIDEND

Yes good news all around, Was debating whether to participate in the IPO for EMC (Emblem) but this dividend makes that decision a bit easier. cheers and GLTA

ROUGETRADER719 wrote:
INVICTUS MD ANNOUNCES $1 MILLION DIVIDEND

Invictus MD Strategies Corp.'s board of directors has approved the payment of a cash dividend of $1-million. This represents 10.8 cents per share based on the current number of shares issued and outstanding of 9,238,805. The dividend is payable on Monday, Nov. 24, 2016, to shareholders of record as of Thursday, Nov. 10, 2016. The dividend per share may be greater or lesser than 10.8 cents based on the number of shares issued and outstanding as of the record date.

Dan Kriznic, chief executive officer of Invictus MD, commented: "We have now finalized the sale of our Sunblaster division previously owned by Future Harvest Developments Ltd. This sale provided us with cash in excess of what is required to execute our business plan. Future Harvest generates positive cash flow and has recently upgraded all of its equipment to meet the significant fertilizer demand from its customers."

As previously announced, the company intends to complete a spin-out of Future Harvest into a newly formed public company in January, 2017, subject to shareholder and regulatory approval. As part of the spin-out, shareholders of the company will receive one share in NewCo for every one share held in Invictus MD.