Invictus MD Strategies Corp IVITF

Canadia Deal.

[Tigerwoods3672]

If you look at the history of the stock price,  the 4 month holding period ended in February the price has been in a decline since then (which means they are unloading shares now??)  They gave 10 Million dollars for expansion for working capital for Canadia AND NOW SOLD OFF CANANDIA.  

Could someone dumb this down for me? Am I reading this correctly?

The exercise price of the Option (the "Exercise Price") was as follows:

a)	$2.4 million in common shares of the Company (the "First Consideration Common Shares") at $1.32 per common share. The First Consideration Common Shares will be subject to a 4 month hold period;
b)	$10 million in common shares of the Company (the "Second Consideration Common Shares") at $1.65 per common share with the following release schedule:
	a.	25% of the Second Consideration Common Shares on the closing; and
	b.	25% of the Second Consideration Common Shares every 4 months thereafter.
c)	$10 million investment (the "Investment") in cash into Canandia to be used for expansion of the Mission Location and working capital purposes. The Investment will be paid into Canandia over time on an as-needed basis; and
d)	$7 million in common shares of the Company issued to the Vendors on the date that is within 10 business days of the Mission Location receiving its cultivation license under the Cannabis Act and Cannabis Regulations, valued at the greater of $1.06 per share and the 10 trading days Volume Weighted Average Price ("VWAP") on the TSXV immediately prior to the License Date.

Thanks for reading.

[gamos99]

Not sure about the $10M investment into Canandia or number of shares issued to Canandia, but I don't think much of this actually transpired. What MadMax is calling the $100,000 "thank you money" is the penalty for breaking the contract . On August 30th, 2019, Invictus paid Canandia CEO Alon Amit $105,000 to be released from obligation to purchase Canadia outright for $3.3

[Tigerwoods3672]

But that $100 000 seems like a drop in the bucket from what was given to Alon Amit  already no?

[Elstauncho]

Green day and the trolls come out! Find me a cannabis company that didn’t get caught up in the acquisition fever. Looks like they are draining the swamp. Time will tell.

[newswire1]

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