Vancouver, BC, October 21, 2016 – INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the “Company”) (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to announce that Future Harvest Development Ltd. (“Future Harvest”), is working directly with The University of British Columbia Kelowna Campus (“UBC Kelowna”) to secure grants for various topics in plant research. One such research grant that Future Harvest helped procure focuses on increasing the effectiveness of Lavender plants flowering in an artificially controlled environment. Future Harvest has recently assisted in planning, building and equipping an indoor grow lab at UBC Kelowna using Future Harvest plant nutrients. This grow lab will be a permanent fixture at the UBC Kelowna campus for years to come, giving researchers and students alike, a precisely controlled environment to carry out their research.
“Future Harvest places tremendous value in agricultural research & development.” explained Dr. Soheil Mahmoud, Associate Professor of Biology at the University of British Columbia’s Okanagan campus. “It was delightful to witness both passion and commitment to product efficacy in my lavender research collaboration with this company.”
“Cannabis and lavender share many rare biochemical and anatomical similarities including their ability to produce large amounts of terpene-related specialized metabolites (monoterpenes) in glandular trichomes.” explains Chris Pearson, Chief Revenue Officer of Future Harvest, “Through this research partnership, we are better able to understand the impact of FHD PlantLife proprietary nutrients in the development of these metabolites, (which include THC, CBD, and other critical cannabinoids and secondary metabolites) providing us with the critical data required to formulate cutting edge fertilizer formulations specifically for the production of Cannabis.
Future Harvest looks forward to continue to build its relationship with UBC and the Kelowna campus. The organizations will be working together to create new innovative products and data that are beneficial for plant production and flowering.”
As previously announced, the Company intends to complete a spin-out of Future Harvest into a newly formed public company (“NewCo”) in January 2017, subject to shareholder and regulatory approval. As part of the spin-out, shareholders of the Company will receive one share in NewCo for every one share held in Invictus MD. Invictus MD is continuing to seek investments and partnership opportunities in the cannabis space while working on the commercialization of Poda Vape Technologies Ltd.
About Future Harvest Development Ltd.
For over 20 years, Future Harvest has brought innovative products and solutions to the hydroponic and indoor growing industries. 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.
Future Harvest has been manufacturing metering and monitoring equipment for over fifteen years. The most popular and industry standard is the Trimeter, made famous because a single glance tells you if your pH, nutrients and temperatures are on target. All Nutradip products are developed, designed, tested and assembled in Canada.
Plantlife Products consists of 29 proprietary formulas that offer growers the leading edge in sediment free plant nutrition. Every product has been developed and tested inhouse by Future Harvest’s own plant scientists.
Invictus MD targets companies with proven brands, strong customer focus, and significant growth potential. We not only provide capital to meet these objectives but also years of management experience from a team that has been successful in all facets of business from start-ups to running large international organizations. The fundamental core of our operations is centered on the vast opportunities within fragmented industries.
Invictus MD works in partnership with management teams to increase shareholder value through business planning and process integration, developing and executing growth strategies, leveraging our experience and relationships, and structuring and deploying the proper capital to support long-term growth. Our prudent approach to both investing in and developing successful companies ensures successful execution of the business plan in both times of economic expansion and contraction.
On Behalf of the Board, Dan Kriznic Chairman & CEO 604-368-6437
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, 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 as anticipated, that the Company will obtain all requisite approvals of the spin-out transaction, 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 as planned; the timing and receipt requisite approvals. 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. 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.