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 > Invictus update. Court Decision Monday

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Comment by DanielDarden123on Feb 22, 2020 6:21pm

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RE:Invictus update. Court Decision Monday

No suspense here as PWC is recommending that all are accepted by the Court. The suspense lies in: 1) can they show positive cash flow within 3 months as ~1\3 of the ~$3M is reserved for PWC, lawyers,CRO, etc.; 2) can they keep unpaid employees and services (100 creditors=$21M); 3) will the creditors accept a Plan of Arrangement; 4) how do these assets compare to all the others in similar straits (more every day now); 5) how much turmoil exists at the Board level; 6) are their licenses transferable; and 7) can their products compete in the market (lowest costs= better chance)

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