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Today, Invictus MD Strategies Corp. (IMH.V) (IVITF) annoucned that Acreage Pharms’ new cultivation cycle commenced after receiving their license to cultivate under the ACMPR. Invictus MD has the option to acquire 100% of Acreage Pharms and we expect this deal to immediately prove to be accretive.
We are favorable on this development and the acquisition because we expect Invictus to recognize millions worth of synergies over the next few years. Initially, Invictus will benefit by Acreage Pharms utilizing fertilizer from Future Harvest Development throughout the growing process. Invictus currently owns 82.5% of Future Harvest Development.
From the CEO
Invictus MD Chairman and CEO Dan Kriznic said, “We’re very proud that Acreage Pharm’s management team has taken steps to implement quality assurance practices and operational controls at the very beginning to ensure operations are at a world class standard level,” stated We’re all steadfast in our commitment to lead with practices that meet or exceed the regulatory standard for safety and quality in the Canadian cannabis industry. We are Canada’s Cannabis Company.”
An Execution Story
Earlier this month, Invictus completed its investment in AB Laboratories (33.3%) and now has a 16,000 square-foot facility in Hamilton, Ontario that is licensed to cultivate cannabis under the ACMPR.
Over the next year, AB Labs will be able to significantly increase production capacity through AB Ventures after its acquisition of 100 acres in Ontario (expected to close on May 1st). This property will be used to cultivate cannabis once the company is fully licensed under the ACMPR.
Earlier this year, Invictus MD signed a definitive option agreement to acquire 100% of OptionCo. In January, OptionCo received its pre-license from Health Canada and expects to receive a license to cultivate under the ACMPR soon. OptionCo’s production facility is located on 150 acres in Alberta.
A Company to Watch
Invictus MD is focused on three verticals within the Canadian cannabis industry and is comprised of three distinct divisions that can create value for each other and improve the value proposition of the entire firm.
We are favorable on its leverage to the cannabis industry due to the attractive operating structure, its stronger balance sheet, and its continued execution.
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