Invictus' Canandia Awarded Sales License

Published: January 21, 2019

Invictus' Canandia Awarded Sales License

INVICTUS MD STRATEGIES CORP. announced that the Company’s wholly-owned subsidiary 0989561 B.C. Ltd. has received a sales license for its Delta location from Health Canada effective January 18, 2019, pursuant to the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Delta Facility includes a cultivation, production and research facility, designed to highlight our capabilities as producers and breeders of superior cannabis strains.

Canandia’s second asset is located in Mission, British Columbia. The Mission Location includes 32 acres of buildable land, expandable up to 1 million square feet of production capacity under one Cannabis Act and Cannabis Regulations license. The Mission Location taps into wholesale energy costs with 38 MG Watt service at the property line, and boasts access to underground aquifers, making it a strategically attractive and cost competitive addition to Invictus’ current cultivation footprint once developed and commissioned.

“We are thrilled to have achieved another major milestone with our second sales license awarded by Health Canada,” said George E. Kveton, President and CEO of Invictus. “We have hit the ground running in 2019, remaining laser focused on our objective to bring new facilities online to cultivate unique strain varieties required for our medical and adult use recreational product portfolio.”

“I am exceptionally proud of our in-house Pharmaceutical Regulatory Compliance Team today,” said Alon Amit CEO of Canandia. “Dr. Jaclyn Thompson, Quality Assurance Supervisor, and Director of Research, and her team are behind the issuance of our sales license months ahead of schedule, and the smooth successful migration of our license issued under the ACMPR to the Cannabis Act and its regulations. We look forward to supplying the Canadian medical and recreational markets with our menu of exotic cannabis strains”

Canandia represents the Company’s third cultivation license and second sales license issued by Health Canada under the Cannabis Act and Cannabis Regulations. Invictus’ production footprint includes licensed cannabis operations in British Columbia, Alberta and Ontario.

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