Invictus MD Strategies Corp (
CSE: IMH,
OTCQB: IVITF,
Forum) yesterday announced operating results for its subsidiary, Future Harvest Devlopment Ltd., of which Invictus MD owns 82.5%. Future Harvest generated $1.423 million in revenue for the seven months ending January 31, 2017.
The revenue figure translates into a gross margin of $727,000, or a 51% gross margin. This compares to a 33% margin for Future Harvest for the same period of last year. Future Harvest has been in operation for over 20 years, providing fertilizers, metering and monitoring equipment, and other supplies for hydroponics agriculture.
Hydroponics are the indoor method for growing cannabis crops which is favored by the cannabis industry. Future Harvest’s product lines are available through leading distributors and retailers in North America, the United Kingdom, and Europe. Further information can be found
here.
Invictus MD Strategies Corp. was recently in the news last week when it
announced a $15 million bought-deal financing.
The Company has 28 million shares outstanding and a market cap of $40 million.
FULL DISCLOSURE: Invictus MD Strategies Corp is a paid client of Stockhouse Publishing.