Vancouver, May 15, 2019 (GLOBE NEWSWIRE) -- Vancouver, BC, May 15, 2019 – INVICTUS MD STRATEGIES CORP. (“Invictus” or the “Company”) (TSXV: GENE; OTCQX: IVITF; FRA: 8IS2) announced today that the Company is withdrawing plans to list the Company’s common shares (the “Shares”) on NASDAQ Stock Market LLC (“NASDAQ”), as well as plans for the share consolidation that would have been required to meet NASDAQ’s minimum share price listing threshold. Plans for the NASDAQ listing and a share consolidation were originally announced in press releases dated January 17, 2019 and January 21, 2019.
“The intended timing of a NASDAQ uplist was premature and underway prior to my assumption of responsibilities,” said George E. Kveton, CEO of Invictus. “At present, the Company is fully devoted to bringing its purpose-built indoor cultivation facilities into production and getting the Company’s products into the hands of our adult recreational and medical consumers across key provinces.”
The Board of Directors of the Company anticipates that it will revisit the merits of a NASDAQ listing in the future.
The Company’s Shares will continue to trade on the TSXV under the ticker symbol “GENE”, on the OTCQB® Venture Market in the United States under the symbol “IVITF” and on the Frankfurt Stock Exchange under the ticker symbol “8IS2”.