VANCOUVER, Sept. 25, 2018 /PRNewswire/ – INVICTUS MD STRATEGIES CORP. is pleased to have completed its first shipment of recreational cannabis to British Columbia on time, following its inaugural shipment to Alberta. Staff have been working around the clock to meet aggressive deadlines set to ensure Invictus products are available to adult consumers on October 17, 2018.
This significant milestone was made possible by the Company’s balanced and deliberate approach towards cultivation and regulatory compliance. While Invictus focused on expansion of its cultivation facilities, Acreage Pharms secured excise stamps and Health Canada approved packaging for the adult recreational market early, allowing Purchase Orders to be completed on time and without issue.
“I am so proud of what our team has accomplished to date.
With just weeks remaining until recreational cannabis becomes legal in Canada, it is amazing to see our vision come to life.
Now we are looking ahead to opening day, and we are ready.”- Dan Kriznic, Invictus Chairman and CEO.
To date, Invictus’ wholly-owned subsidiary Acreage Pharms has secured provincial agreements for the upcoming adult recreational market in British Columbia, Alberta and Saskatchewan, with others to follow suit. To expand the Company’s retail presence, Invictus is working in collaboration with GTEC who expect to open 15 Cannabis Cowboy stores in Alberta by October 17, 2018, one location and an e-commerce platform in Saskatchewan, and additional retail stores in Ontario as regulations permit.
Invictus is scaling up its cultivation facilities to support local and international opportunities, with its Phase 3 and 4 expansion at Acreage Pharms constructed to support world-class EU-GMP standards. The 90,000 square foot Phase 3 facility, expected to be complete in January 2019, is fully funded as a result of the previously announced $25.5 million loan from ATB Financial. Approximately $10 million has been dedicated to the 90,000 square foot Phase 4 facility, which will commence construction upon completion of Phase 3.
In order to grow and evolve with the market, Invictus is employing a five-pillar distribution channel strategy that includes medical, recreational, international, Licensed Producer to Licensed Producer, and retail stores. Invictus products will be sold under the omnichannel TerraWorld and feature four lifestyle-inspired cannabis brands for recreational users: Dukes, Zooey, Sterling & Hunt, and Sinister.
For more information, please visit www.invictus-md.com.
About Invictus
Invictus is a global cannabis company offering a selection of products under a wide range of lifestyle brands. Our integrated sales approach is defined by five pillars of distribution including medical, adult-use, international, Licensed Producer to Licensed Producer and retail stores.
Invictus has partnered with business leaders to convey our corporate vision, including KISS music legend and business mogul Gene Simmons as our Chief Evangelist Officer, and global branding agency Authentic Brands Group. Invictus is expanding its cultivation footprint, with two cannabis production facilities fully licensed under ACMPR in Canada and a third awaiting approval, featuring 100,000 square feet of available grow space today with 200,000 expected by January 2019 and 1 million by end of 2019. The Company will earmark 50 per cent of production to the medical and recreational markets, respectively. To ensure consistency in quality and supply, Invictus maintains all aspects of the growing process through its subsidiary, Future Harvest Development Ltd., a high-quality Fertilizer and Nutrients manufacturer. Invictus drives sustainable long-term shareholder value through a diversified product portfolio with over 69 Health Canada approved strains and a multifaceted distribution strategy including medical, recreational, international and retail. For more information visit www.invictus-md.com.
SOURCE Invictus MD Strategies