Invictus MD Strategies Corp. (
V.GENE,
V.GENE.WT,
Forum) has announced that it has entered into a binding Letter of Intent (LOI) to create a joint venture with
Cannamerica Brands Corp. and CBDistribution Company Ltd. with the intention of acquiring hemp biomass for extraction into CBD isolate using purpose-built facilities for large scale CBD extraction.
George E. Kveton, CEO of Invictus commented:
"We are thrilled to partner with CannAmerica and CBDC to extract and supply CBD to the US market. This partnership represents a great opportunity to continue expanding our footprint beyond Canada and capitalize on the United States' federal legal framework that is now in place to produce and sell CBD."
"This is a significant partnership for CannAmerica with world class partners. This joint venture accelerates the Company's long planned growth into the Hemp-based CBD market following the passing of the Farm Bill, with extraordinary opportunities for expansion into new markets" said Dan Anglin, CEO and Co-Founder of CannAmerica.
Invictus is a global cannabis company offering a selection of products under a wide range of brands. Their integrated sales approach is defined by five pillars of distribution including medical, adult-use, international, Licensed Producer to Licensed Producer, and retail stores.
www.invictus-md.com
FULL DISCLOSURE: Invictus MD Strategies Corp. is a paid client of Stockhouse Publishing.