Invictus MD Strategies Corp IVITF

RE:RE:Outlook

[CommodityCowboy]

Very true, but even if trading weren't halted on the Canadian side, would you want to sell for 4-5 cents? There are still some silver linings in this debris of destruction which shouldn't be overlooked. You might be down a few thousand, but no one has more skin in the game with the ability to backstop till profitability or sale than the Alberta Treasury Branch. Licenses aren't transferrable so the company needs to be sold lock, stock and barrel at a fair price for them to ever recoup their loan. If this were 24 months ago, someone like Aurora would have snapped up Invictus for a hundred million without batting an eye, but today with COVID deeming adult use non-essential, too many tuck in acquisitions, poor initial roll out in Ontario and capital fleeing the sector, no one is going to buy them anytime soon. On the plus, this company has been stripped down, doesn't have to pay a board and is being run by a single moderator with a lot of ATB oversight. ATB has already shown an ability to backstop on necessary loans and the company just had its HC medical licensing renewed. This is definitely a 1-2 year hold to get back to where its priced at a fair value of 40-50 cents. That's a bullish, but like Eoj123 said, you don't have a choice so all you can do is hope.