VANCOUVER, March 7, 2017 /PRNewswire/ - INVICTUS MD
STRATEGIES CORP. ("Invictus MD" or the "Company") (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to report that
Future Harvest Development Ltd. ("Future Harvest"), of which Invictus MD currently owns 82.5%, has generated $1.578 million in revenue for the 8 months ending February 28, 2017, with a gross
margin of $807,846, representing a 51% gross margin compared to the same period in the prior year
gross margin of $617,779, and a 39.6% margin. Future Harvest's Holland Secret signature brand
fertilizer for the cannabis sector grew by 26.5% to $137,389 in revenue during that period.
Chris Pearson, Chief Revenue Officer of Future Harvest commented that, "we provide specialty
fertilizers and other supplies for hydroponics, the indoor method of growing crops favored by cannabis cultivators. We know
there's an even larger market out there; we're squarely focused on what's made our business successful: high-value crops."
Pearson further stated, "To seize the growing demands in the cannabis sector, we ramped up production and recently installed a
second, fully automated bottling line. This addition increases our overall production efficiency by 400%."
"Future Harvest also recently introduced a state-of-the-art pill press (patent pending), enabling us to produce water-soluble
nutrient tablets, eliminating the need for water and salt and greatly reducing packaging and transportation costs for large-scale
commercial applications. These initiatives better position Future Harvest for highly profitable business opportunities within the
cannabis sector," said Pearson.
Dan Kriznic, Chairman and CEO of Invictus MD commented, "Future Harvest's success is a
testament to our focused execution and our firm belief that our strategy is well-placed and underpinned with innovative products
that focus on the burgeoning global cannabis industry. As Canada embarks on a course to legalize
recreational marijuana on a federal level and become a global leader in cannabis cultivation, processing, and export, we remain
confident in our ability to continue delivering strong results this year, and expand Future Harvest to further increase
shareholder value."
About Future Harvest Development Ltd.
For over twenty years, Future Harvest has brought fertilizers, metering and monitoring equipment and other supplies for
hydroponics, the indoor method of growing crops favored by the burgeoning cannabis industry,
Future Harvest's product lines are available through leading distributors and retailers across North
America, the United Kingdom and Europe and include
Nutradip, Plantlife Products and Future Harvest Plastics.
About Invictus MD Strategies Corp.
Invictus MD Strategies Corp. is focused on three main verticals within the burgeoning Canadian cannabis sector: Licensed
Producers under the ACMPR; Fertilizer and Nutrients through Future Harvest Development Ltd.; and Cannabis Data and Delivery, with
its wholly owned subsidiary Poda Technologies Ltd.
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may
constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements
within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release,
other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or
expectations of future performance, including the timing and completion of the proposed spin-out of Future Harvest, the
forecasted revenue for Future Harvest, and projections regarding the potential future value of the cannabis industry are
forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements
are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the
date of this press release, including the assumptions that the proposed spin-out of Future Harvest will occur by Spring 2016,
that the Company will obtain all requisite approvals of the spin-out transaction, that current Future Harvest sales levels will
be sustained and result in the generation of approximately $6-7 million in revenue for the fiscal
year ending June 30, 2016, and they are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors
that may cause actual results to vary, include, without limitation, the risk that the proposed spin-out may not occur by Spring
2016 as planned; the timing and receipt requisite approvals; unexpected operational difficulties (including failure of equipment,
unavailability of material, industrial disturbances or job action) as well as other unanticipated events that may prevent Future
Harvest from reaching gross sales targets; and failed projections notwithstanding solid research efforts. Although management of
the Company has attempted to identify important factors that could cause actual results to differ materially from those contained
in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements and forward-looking information. To the extent that the anticipated achievement of Future
Harvest's gross sales target may constitute a financial outlook within the meaning of applicable Canadian securities laws, such
information has been approved by management of the Company and is provided for the purposes of providing information relating to
management and Future Harvest's current expectations and plans. Readers are cautioned that reliance on such information may not
be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking
information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
We seek safe harbour.
SOURCE Invictus MD Strategies