Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Invictus MD Provides Update On Acreage Pharms

By

PrintPRINT

This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

In April, Invictus MD Strategies Corp. (IMH.V) (IVITF) announced that Acreage Pharms' new cultivation cycle had commenced after receiving their license to cultivate under the ACMPR.

Today, Invictus reported that Acreage Pharms will begin its first harvest the first week of August, with the second harvest occurring the following week. Acreage Pharms expects monthly harvests going forward.

Acreage Pharms also received its development permit for Phase 2 and broke ground on its 27,800-square foot production facility. Invictus MD committed to investing $6 million into the project to fund the costs of constructing the production facility.

Invictus Continues to Execute and Deliver

We were favorable on this update and will monitor how the market responds to it. In late April, Invictus completed the acquisition of Acreage Pharms. The acquisition was announced in late 2016 and completed one month after Acreage Pharms received a cultivation license from Health Canada.

We are favorable on the acquisition because Invictus should recognize millions worth of synergies form it over the next few years. Initially, we expect Invictus to benefit by Acreage Pharms utilizing fertilizer from its subsidiary, Future Harvest Development throughout the growing process.

Board Room Expansion

Concurrent with today's announcement, Invictus MD also reported two additions to the Board of Directors, Paul Sparkes and Josef W. Hocher. We are favorable on these additions as well as the company's focus on strengthening its leadership team.

Paul Sparkes is an accomplished business leader with over 25 years' experience in media, public affairs, venture capital, and Canada's political arena. He is President of Otterbury Holdings Inc., a corporation advising growth companies in the private and public markets.

Josef W. Hocher was a founder of Buried Hill Energy, an international oil and gas company, where he acted as co-chief executive in creating, developing and implementing the organization's strategic direction. Hocher also founded Hitic Energy Ltd., and was a partner at Osler, Hoskin & Harcourt LLP.

A Story that Continues to Develop and Advance

We are favorable on the recent developments reported by Invictus when it comes to its investments and subsidiaries (AB Labs, AB Ventures, Acreage Pharms, and Future Harvest Development).

Shares of Invictus have rallied off its recent lows and we continue to see upside to current levels. We are monitoring how the company executes from here and continues to view Invictus as a company to watch.

Stay up to date with Invictus MD Strategies by Joining Technical420...

Important Investor Disclosures

Paid affiliate.This report was authored by and is property of Technical420. All information and data relied upon in drafting this report is publicly available. The author believes and considers its sources to be reliable, but does not guarantee the accuracy or completeness of any information contained in this report. Any and all information, data, analyses and opinions are provided for informational purposes only and is not intended, in any manner, as investment advice. Any projections or other information generated by Technical420 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. None of the material contained in this report is intended as a solution or offer to sell or purchase a specific stock or any other investment. This report is not directed to, or intended for distribution or use by, any person or entity that is a citizen, resident or located in any municipality, state, country or other jurisdiction where the distribution, publication, availability, or use of this report is contrary to any governing law or regulation. The securities discussed in this report may not be eligible for purchase and/or sale in certain jurisdictions or by particular individuals. It is important that you check any and all governing laws and/or regulations that may be applicable in your jurisdiction. Investing in securities of issuers organized outside of the United States, including ADRs, entail certain risks. The securities of non-United States issuers may not be registered with, nor be subject to the reporting requirements of the United States Securities and Exchange Commission. Please contact a Financial Advisor for professional advice regarding any and all securities investments. This report is intended for informational purposes only


This article was written by Mark Maulden for https://technical420.com/cannabis-article/invictus-md-provides-update-acreage-pharms on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

< Previous
  • 1
Next >
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE