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 > Invictus financials out. AP Ph 3 West Wing License from HC

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Post by Yowza123 on Dec 31, 2019 10:12am

Invictus financials out. AP Ph 3 West Wing License from HC

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00035787

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Comment by gamos99 on Dec 31, 2019 6:51pm

Wow. These results are disappointing: Q3 2019 earnings (period ended Oct. 31, 2019, released Dec. 31, 2019): Revenue: $840,000 // Gross margin: $246,000 // Expenses: // Net earnings/loss: -$6.7M // Earnings per share: -$0.06 // Cash on hand: $1.04 M Big disappointment; expected $3M + Management addresses the shitty sales here in the MD & A: “The company has experienced lower ...more

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Comment by WEEDWARriOR on Jan 02, 2020 1:03pm

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Comment by Kleptocracy on Jan 02, 2020 4:48pm

It isn't quite as bad as it looks at first glance. "As at October 31, 2019, the Company held 979,774grams of driedcannabis, comprised of 389,963grams of dried flower awaiting release for sale, 487,166grams of dried trimand102,645gramsof dried flower held for future extract production and117,872ml ofoil(January 31, 2019:432,436grams of dried cannabis, comprised of 232,387 grams awaiting ...more

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