GREY:IVITF - Post by User
Comment by
Stlouis28on Jan 05, 2020 4:36am
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Post# 30519330
RE:RE:Invictus MD Loses $5.7 Mil Proposed Convertible Financing
RE:RE:Invictus MD Loses $5.7 Mil Proposed Convertible Financing
Personally being a fairly large shareholder I am glad to see they did not dilute at 52 week lows. With 5 million in inventory as of October 31st + AB labs producing in 40000 square feet + the additional licensing of 45000 square feet at acreage - this company now has appx. 135000 square feet of indoor grow space. Furthermore, there expenses are WAY down. Operational expenses that is. There are still come one time write-downs on licenses due to EVERYONE overvaluing things in the great cannabis bubble of 2017 which companies will have to work through. Soon however, invictus will have cleaned up the bad and will be on a good path to profitability. I expect if they can remain solvent the next quarterly reports will show significant ramp up on product sold