Canadian CANNAINVESTOR Magazine April 2017 - Page 68


•Invictus MD closed the definitive option agreement to acquire 100% interest in OptionCo., and on March 30, 2017 announced that OptionCo had received its license to cultivate under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) as Acreage Pharms Ltd. (“Acreage Pharms”), who has constructed a 6,800 square foot production facility with an expansion plan floor plate of 30,000 square feet, and the option to add a 20,000 square foot mezzanine that sits on 150 acres of land near Edson, Alberta. Alberta has low cost of production as a result of low energy and water costs. This large land package of up to 3 million square feet of buildable property has a footprint larger than 60 football fields, and provides the capability to construct facilities to meet the demand that the coming adult recreational marijuana use will create. Acreage Pharms also has plans to produce extracted or oil based products oils are rapidly gaining market share in the marijuana sector. By 2020 Acreage Pharms anticipates production to exceed 25,000 kilograms of high quality, low cost cannabis.

•On March 30, 2017 Invictus MD, Canada’s Cannabis Company, announced that its common shares would be listed on the TSX Venture Exchange ("TSXV") commencing at the open of trading on March 31, 2017; the Company's trading symbol "IMH" will remain the same. Invictus MD’s move from the CSE to the TSXV follows a year of significant achievements.

Invictus MD Strategies Corp.