Invictus Signs Definitive Agreement with Clinic Servicing 3,400 ACMPR Registered Patients

Published: October 25, 2018

Invictus Signs Definitive Agreement with Clinic Servicing 3,400 ACMPR Registered Patients

Invictus MD Strategies Corp. has entered into a definitive agreement to acquire 100% of the issued and outstanding shares of a company that operates medical clinics in Alberta. Leaf Wise employs a patient-first business model that features on-site physicians, educational guides and registration support in just four easy steps. With approximately 3,400 patients registered under Access to Cannabis for Medical Purposes Regulations (“ACMPR”), Leaf Wise will serve as a direct channel to Invictus owned Licensed Producers (“LPs”), fully licensed under ACMPR.

The College of Physicians and Surgeons of Alberta requires a physician who completes a patient medical document for cannabis to see the patient every three months, at minimum, following stabilization. Leaf Wise will serve as an important agent of Invictus’ medical distribution channel, helping to foster long-lasting relationships with patients, while alleviating a potential burden for Alberta’s public healthcare system.

“Over the past few months, we have experienced substantial growth in our medical distribution channels as more physicians and patients look to cannabis for treatment,” said Dan Kriznic, Chairman and CEO of Invictus. “As the industry evolves, we will continue to support research that helps to advance patient care and provide a forum to facilitate and monitor ongoing treatment.”

Under the terms of the Acquisition, the purchase price includes an upfront cash payment of $625,000 paid on closing, and $625,000 in common shares of Invictus on closing. Share Consideration will consist of 312,500 Invictus shares representing an aggregate market value of $625,000 based on a price per Invictus share of $2.00. In addition, future consideration will be paid based on the achievement of certain performance milestones, including certain patient metrics.

The closing of the Acquisition shall take place on or before October 31, 2018, or such other time mutually agreed by both parties. In addition, Invictus will provide a capital commitment of $500,000 for expansion of the existing medical clinic business and working capital purposes, to be funded over time, after the Closing Date. The Acquisition is subject to final Board and TSXV approval.

For more information, please visit www.invictus-md.com

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