Invictus MD Provides Shareholder Update
C.IMH
| 43 minutes ago
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As announced in the Company's press release dated February 5, 2015, the Company entered into a definitive agreement to acquire a 35% membership interest in Focus Distribution LLC (doing business as "Smokazon"). Smokazon, located in Southfield, Michigan, is an American on-line-based corporation engaged in worldwide marketing and selling of aromatherapy and smoking-related gear and accessories.
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[From left to right: Ben Klein, Dan Kriznic, Don Meyer at
the Las Vegas Champs Trade Show in February 2015]
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Vancouver, BC, February 17th, 2015 - INVICTUS MD STRATEGIES CORP. ("Invictus MD" or the "Company") (CSE: IMH) is pleased to
provide an update to shareholders regarding the recent developments of
the Company as well as the growth and goals anticipated for the coming
year. Over the last 12 months, we have been diligently seeking
opportunities and building strategic alliances throughout North America
and Europe in an effort to position ourselves for continuous growth
within the medical cannabis industry. It has been a pleasure to
experience the change that is occurring on a daily basis within this
industry, and we continue to execute our business plan to build a fully
integrated medicinal cannabis company with global reach. To date, management has been focusing on the following primary verticals:
-
-Retail outlets in Canada, US and Europe;-Patient education, tools, books, videos, and management services;-Manufacturing and distribution of consumption accessories;-Hydroponic Manufacturing and Distribution globally; and-Cannabis production and distribution globally.
In the short time since becoming
publicly traded on the Canadian Securities Exchange on December 23,
2014, we have made some significant advances in these verticals through
several strategic acquisitions. A summary of each of these acquisitions
is below and should be read in conjunction with the Company's previously
issued press releases.
THE EDISON VAPE CO.
As announced in the Company's
press release dated January 27, 2015, the Company acquired 40% of the
common shares of The Edison Vape Co. ("Edison Vape"), a Vancouver-based company.
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Edison Vape is a newly formed
corporation engaged in the design, development, patenting,
manufacturing, and distribution of a new and improved system for smoking
medicinal marijuana and other herbal materials using vaporizer
technology with disposable marijuana cartridges. The founders of Edison
Vape have a combined 11 years of experience designing, developing,
patenting, manufacturing, and distributing innovative products and
accessories geared toward the medicinal marijuana industry.
SMOKAZON
As announced in the Company's press release dated February 5, 2015, the Company entered into a definitive agreement to acquire a 35% membership interest in Focus Distribution LLC (doing business as "Smokazon"). Smokazon, located in Southfield, Michigan, is an American on-line-based corporation engaged in worldwide marketing and selling of aromatherapy and smoking-related gear and accessories.
Smokazon has approximately 120,000 unique monthly visitors to its store and 5,500 registered users on its blog.
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The Company is currently working
with the management team at Smokazon to increase traffic and overall
monthly sales using the team members' significant experience in online
search engine optimization and marketing.
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[From left to right: Ben Klein, Dan Kriznic, Don Meyer at
the Las Vegas Champs Trade Show in February 2015]
CANNABIS HEALTH SCIENCES INC.
As announced in the Company's
press release dated February 12, 2015, the Company entered into a
definitive agreement with Cannabis Health Sciences Inc. ("Cannabis Health"),
a Federally incorporated corporation, pursuant to which the Company
acquired all of the issued and outstanding common shares of Cannabis
Health, representing a 100% interest.
Cannabis Health operates patient
education websites and modules under the domain name CannabisHealth.com.
Recently, Cannabis Health acquired a 100% interest in Cannabis Media
Inc., which publishes a cannabis patient publication under the name
'Cannabis Health Journal'. Cannabis Media Inc., which was founded in
2002, blazed a trail for numerous publications that followed it. Watch
for a re-launch of this informative publication later this year.
This is a highly strategic acquisition for
Invictus MD, as it complements our existing patient education and
management vertical. The services of the Co-Founder of Cannabis Health,
Brayden R. Sutton, come to us exclusive with this acquisition. Mr.
Sutton was the Executive Vice President of Supreme Pharmaceuticals
before joining our team and led that company through various corporate
finance and regulatory initiatives through 2014. Mr. Sutton has been
involved in the patient side of the cannabis health movement for over 10
years and is one of the very first cannabis equity analysts, as he
began vetting marijuana related companies over 5 years ago. He has also
raised over $8 million for publicly listed companies and consulted on
business development and M&A for over a dozen companies during the
past 3 years.
MANAGEMENT TEAM
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[From left to right: Brayden Sutton, Drew Lawrenson, Dan Kriznic, Kelsey Chin, Ryan Karkairan, Mike Blady, Ryan Selby]
We continue to build our
management team with like-minded individuals who are passionate about
the medicinal cannabis industry. Some of these individuals have joined
us as part of the three most recent strategic acquisitions and have
extensive knowledge in their specific fields. A summary of the most
recent additions to the team is as follows:
-
-Brayden R. Sutton - Co-Founder of Cannabis Health Sciences Inc.-Dean Sutton - Co-Founder of Cannabis Health Sciences Inc.-Dr. Greg Blaney - Medical Advisor to the Board and Management of Invictus MD-Mike Blady - Director of Business Development - Invictus MD-Ryan Selby - Co-Founder of The Edison Vape Co.-Ryan Karkhairan - Co-Founder of The Edison Vape Co.-Don Meyer - Co-Chief Executive Officer of Smokazon-Ben Klein - Co-Chief Executive Officer of Smokazon
CORPORATE DEVELOPMENTS AND UPDATES
More recently we have been working on the following developments:
Our patient management and
education vertical continues to develop not only with the acquisition of
Cannabis Health but also with the incubation of our VitaLeaf brand. We
are currently producing an online eBook which includes written and video
content of patients and prescribers in North America. Some of the
interviews include individuals that have been featured on various media
channels around the globe with stories that are truly astounding and
miraculous. We intend to launch the eBook in March 2015.
The regulations for producers of
medicinal cannabis are continuously evolving globally and have submitted
varying applications depending on the country. We continue to seek
opportunities to become a global producer and have made strides towards
our goals. We have been in preliminary discussions with various
production facilities and will update shareholders as appropriate.
This is a very exciting time for
us as we are on this rapid growth progression. We have only been
publicly traded for a short period of time, and have been executing our
business plan with rigor. On behalf of the team at Invictus MD, I want
to thank you for your support and look forward to continuing our success
in building a global cannabis company while increasing shareholder
value.
On Behalf of the Board,
Dan Kriznic
President & CEO
604.368.6437
Forward Looking Statements
This news release contains certain statements and information that may contain "forward looking
information" within the meaning of applicable securities laws. All
statements in this news release, other than statements of historical
facts, including statements regarding future plans, acquisitions, goals
for the upcoming year, objectives, assumptions or expectations of future
performance are forward looking statements and contain forward looking
information. Generally, forward looking
information can be identified by the use of forward looking terminology
such as "plans", "expects", "projects", "intends", "believes",
"anticipates", "estimates" and other similar words, or statements that
certain events or conditions "may" or "will" occur. Forward looking
statements are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events, level
of activity, performance or results of the Company to differ materially
from those anticipated in the forward looking
statements. 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. The Company
undertakes no obligation to update forward looking
information if circumstances or management's estimates or opinions
should change except as required by law. The reader is cautioned not to
place undue reliance on forward looking
statements. More detailed information about potential factors that
could affect projected results is included in the documents filed from
time to time with the Canadian securities regulatory authorities by the
Company.
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