Bullboard - Stock Discussion Forum 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... see more

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Invictus MD Strategies Corp > A thought from Deloitte on ALL Canadian weed product sales

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Post by frankman on Oct 11, 2019 4:12pm

A thought from Deloitte on ALL Canadian weed product sales

Deloitte estimates the total cannabis market in Canada, including medical and illegal as well as legal recreational products, is expected to generate up to $7.17 billion in total sales in 2019. Legal sales are expected to contribute more than half of this total – up to $4.34 billion – in the first year.

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Comment by CommodityCowboy on Oct 11, 2019 11:31pm

I hate to burst your bubble and I truly appreciate how bullish you are on the sector / Invictus, but part of the reason the whole sector is bearish aside from the extreme valuations are articles like the one below which peg the black market at 86% of 2019 sales putting the legal recreational market in quite an over supply due to Ontario sluggishness on regulation. Best hope here is for ...more

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Comment by frankman on Oct 12, 2019 3:23am

As a commodity I’ll take $4 billion~ in legal sales for the first year. Illegal pot sales reminds me of artisanal gold mining on properties of legal mining companies, albeit larger scale. I do like the capital expenditure ratio to building a mine. However agree that medical weed will dominate the near future fur Invictus. As for valuations most never factored in the massive capex grab with ...more

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