Vancouver, BC, March 22, 2019 (GLOBE NEWSWIRE) -- INVICTUS MD STRATEGIES CORP. ("Invictus" or the "Company") (TSXV: GENE; OTCQX: IVITF; FRA: 8IS1) is pleased to announce that the Company’s licensed producer AB Labs Inc. (“AB Labs") has received a medical sales and processing license from Health Canada effective March 16, 2019, pursuant to the Cannabis Act and Cannabis Regulations (“CACR”). The newly awarded license allows for the sale of final packaged flower, plants and seeds to retailers, distributers and patients.
AB Labs, located in Hamilton, Ontario is at the heart of the Company’s presence in Eastern Canada, with its 16,000 square foot Phase 1 facility currently operating at full capacity, and its 40,000 square foot Phase 2 facility just weeks away from finalizing its Confirmation of Readiness submission to Health Canada. AB Labs’ research and development is also ongoing, with fifteen new strains expected to be added to Invictus’ product portfolio this year.
“We are proud to have achieved another major milestone with our third sales license awarded by Health Canada,” said George E. Kveton, President and CEO of Invictus. “We are looking forward to increasing our capacity at facilities across Canada in 2019 to ensure a consistent and substantial supply of products for recreational and medical patients alike.”
AB Labs represents the Company's third cultivation license and third sales license issued by Health Canada under the Cannabis Act and Cannabis Regulations. Invictus' production footprint includes licensed cannabis operations in British Columbia, Alberta and Ontario.
For more information, please visit www.invictus-md.com.
On Behalf of the Board,
George E. Kveton
Chief Executive Officer and Director
Jessica Martin
Vice President, Public Relations and Regulatory Affairs
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