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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

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Post by chris579457 on Mar 24, 2020 4:41pm

news is out

Canada NewsWire

VANCOUVER, March 24, 2020 /CNW/ - INVICTUS MD STRATEGIES CORP. (NEX: GENE.H;) (the "Company") announced that the Company, Greener Pastures MD Ltd., Acreage Pharms Ltd. ("Acreage") and 2015059 Alberta Ltd. (collectively, the "Invictus Group") have received an order (the "Order") from the Supreme Court of British Columbia (the "Court") that approves the Invictus Group's proposed sale and investment solicitation process ("SISP") in respect of their businesses and assets in connection with the Invictus Group's ongoing Companies' Creditors Arrangement Act ("CCAA") proceedings.

Under the SISP, the Invictus Group, together with its Chief Restructuring Officer ("CRO") has commenced soliciting proposals from potential interested parties for the acquisition of, or investment in, the Invictus Group or their respective businesses and assets, all in accordance with the process and timelines provided for in the Order. The deadline for initial qualified non-binding letters of interest will be 5:00pm (Pacific Time) on April 24, 2020. Potential interested parties wishing to participate in the SISP should contact the Invictus Group or the CRO.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information regarding the Company's CCAA proceedings

Further information on the Order and SISP may be obtained from the website of PricewaterhouseCoopers Inc., in its capacity as Court-appointed monitor of the Invictus Group (the "Monitor"), at https://www.pwc.com/ca/invictus.

Comment by SERIOUSasCOVID on Mar 25, 2020 1:41am
This post has been removed in accordance with Community Policy