INVICTUS MD STRATE COM NPV (OTCMKTS:IVITF) is a micro-cap stock that has started to garner attention as the stock bounces up the chart. The move appears to be in reaction to the company’s announcement that OptionCo has received its license to cultivate under the Access to Cannabis for Medical Purposes Regulations as Acreage Pharms Ltd.
As far as the action, we’ve witnessed 22% added to share values of the company over the past week of action. This is emblematic of the stock. IVITF has a history of dramatic rallies. In addition, the name has benefitted from a jump in recent trading volume to the tune of 220% beyond its prior sustained average level.
INVICTUS MD STRATE COM NPV (OTCMKTS:IVITF) bills itself ostensibly as a company that targets small and mid-size companies with “proven brands, strong customer focus, and significant growth potential. We direct the strategy towards profitability and growth for each of our portfolio companies.”
Moreover, according to a basic description used by the company on several finance hubs, they assist their portfolio companies with “business process integration and by structuring and deploying proper capital to support sustained growth.”
That said, from what we could find, it appears this is now really a Canadian cannabis producer.
According to company materials tagged to recent press releases, “Invictus MD Strategies Corp. is focused on three main verticals within the burgeoning Canadian cannabis sector: Licensed Producers under the ACMPR including an investment in a fully licensed facility, AB Laboratories Inc. as well as the option to now acquire 100% of Acreage Pharms Ltd.; Fertilizer and Nutrients through Future Harvest Development Ltd.; and Cannabis Data and Delivery, with its wholly owned subsidiary Poda Technologies Ltd.”
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The Canadian cannabis space has gotten relatively competitive and marijuana prices have begun to mature as a basic commodity market, leading to declines over time as supply continues to ramp up. But enthusiasm among investors in the space continues unabated. That has had an understandable impact on IVITF management sentiment.
“This is a historic day for our Company, our sector and investors,” said Dan Kriznic, Chairman & CEO, Invictus MD. “We are Canada’s Cannabis Company. We now have 250 acres of cultivation space that stretches from Alberta to Ontario, Alberta has low cost of production as a result of low energy and water costs. The property is friendly to building as many square feet as required based on the significant demand. The CEO of Acreage Pharms is a serial entrepreneur and has been successful in previous ventures. He will be a key addition to the Invictus MD team. As one of the few cannabis producing companies in North America approved under the ACMPR this will enable us to engage and satisfy a wider investor audience, strengthening the sector and bring Invictus MD to international institutional investors.”
According to the company’s recent release, it now has 30 days to exercise its option under the definitive option agreement. The terms of this agreement include an issuance of 21 million shares of the Company, $4 million in cash to the current shareholders of Acreage Pharms and 3 million warrants exercisable at $1.50 per share. The Company has also committed $6 million from its treasury for building expansion at Acreage Pharms. The expansion includes a 30,000 square foot floor plate plus mezzanine within the existing 60,000 square foot secured perimeter located on the 150 acres in Edson, Alberta.
Currently trading at a market capitalization of $49.1M, IVITF has an opaque set of books as far as we can see. The company has been very active in terms of press releases and is clearly making a serious effort to court the cannabis investing audience. And, as we know, that is a very aggressive trading crowd at this point. With some quality moves from here, the train could continue to roll higher. But we would like to see some numbers start to post to get a better feel for the substance underlying this story. We will update the story again soon as developments transpire. For continuing coverage on shares of $IVITF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!