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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

GREY:IVITF - Post Discussion

Invictus MD Strategies Corp > Revenues have increased 223% (on the right path)
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Post by frankman on Jan 07, 2020 10:02am

Revenues have increased 223% (on the right path)

Increase in revenue by 223% is primarily due to an increase in sales of dried cannabis to provincial liquor and cannabis boards as the Company continues to increase sales volume to the Ontario Cannabis Store, the online retail brand of the Ontario Cannabis Retail Corporation since February 1, 2019, compared to the same period in the prior year when legalization came into effect as of October 17, 2018. The Company anticipates further growth in cannabis revenue upon completion and licensing of Acreage Pharms’ Phase III cultivation facility and the sale of oil products.


Revenues  October 31, 2019   $3,386,646

Revenues   October 31, 2018   $1,048,864
Comment by johngoodmm1 on Jan 12, 2020 4:30am
Sales increase does not even include Phase 3 yet. Very promising with this years sales to uncrease. Increase in revenue by 223% is primarily due to an increase in sales of dried cannabis to provincial liquor and cannabis boards as the Company continues to increase sales volume to the Ontario Cannabis Store, the online retail brand of the Ontario Cannabis Retail Corporation since February 1 ...more  
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