INVICTUS MD STRATEGIES CORP. (TSX-V: GENE) (OTC: IVITF) (FRA: 8IS1) is pleased to announce that cannabis from the company’s AB Laboratories Inc. is now available for purchase through Canopy Growth Corporation’s (TSX: WEED) Tweed Main Street online store and to-date AB Labs has transferred 172 KG of product to Canopy.
The strain Super Critical is available now as part of Tweed’s elite CraftGrow line, and AB Labs anticipates shipping their other strains in the near future.
“Canadian medical cannabis patients value product diversity and we’re committed to offering them an industry leading curated lineup from Tweed and our CraftGrow partners,” said Mark Zekulin, President, Canopy Growth. “We’re excited to welcome AB Labs product as the newest CraftGrow addition to the Tweed Main Street online store”.
“The Canadian cannabis industry is diverse, dynamic and thriving, with valuable partnerships being forged every day,” said Invictus founder and CEO Dan Kriznic. “Our collaboration with Canopy has already been enormously fruitful and rewarding. We look forward to working closely with this model of entrepreneurial fitness and efficiency as Canada’s commercial cannabis market develops in coming months and years. I’m pleased to report that Invictus remains on track for achieving its substantial cultivation and harvest goals across 2018, and delivers more and more strains and cannabis volume into Canada’s thriving consumer marketplace as Canada approaches legalization of the adult market. To further accommodate this the Company has developed a multifaceted sales strategy aimed to target each channel for sales and distribution such as establishing supply agreements and product calls with provincial governments and licensed producers, developing retail storefronts across Western Canada, and continuing to focus on the medical cannabis sector.”
Tweed’s highly curated CraftGrow line works only with top producers cultivating Canada’s finest cannabis, and AB Labs is honored to have been the second cultivator to successfully transfer cannabis products to be sold though the e-commerce platform.
The Super Critical strain from AB Labs available on the platform is a high-yielding 50/50 hybrid of sativa and indica, a mix of Big Bud, Skunk and White Widow. The combination of exceptional yield plus superb flower makes it a favorite among growers.
AB Labs continues to make continuous progress on its 40,000 square foot Phase 2 facility, which once completed AB Labs will total 56,000 square foot of production capability. To-date in Phase 2 the interior demolition has been completed, cleaned and sanitized and all upgrades to the electrical and HVAC systems have also been completed. Construction of the mezzanine level has begun and overall progress is according to plan.
About Invictus
Invictus owns and operates cannabis companies in Canada with the vision of producing a variety of high quality and low cost cannabis products and strains to the global market place as regulations permit. Gene Simmons, music legend and media mogul, conveys the vision of Invictus as the Chief Evangelist Officer.
Invictus operates two cannabis production sites under the Access to Cannabis for Medical Purposes Regulations in Canada and has over 95,000 square feet of cannabis production capacity at the licensed production sites. The Company’s wholly owned subsidiary Acreage Pharms Ltd. located in West-Central Alberta on 150 acres, has approximately 40,000 square feet of cannabis ready production with its recently completed Phase 2 expansion. The Company intends on expanding to 120,000 square feet by the end of 2018 once Phase 3 is complete.
Invictus also owns 50% of AB Laboratories Inc. a licensed producer under the ACMPR located in Hamilton, Ontario. AB Labs currently operates in a 16,000 square foot facility and recently acquired a facility adjacent to the existing property that will allow for a total of 56,000 square feet of cultivation space expected to be ready for production by June 2018. During the first quarter of 2018 AB Labs submitted a secondary license to Health Canada for a nearby property on 100 acres under the name AB Ventures Inc.
Combined, the licensed producers owned by Invictus expect to have approximately 200,000 square feet of cannabis production capacity by the end of 2018 and 520,000 square feet of cannabis production capacity by the end of 2019.
In addition to the ACMPR licenses, the Company has an 82.5% investment in Future Harvest Development Ltd. a high quality Fertilizer and Nutrients manufacturer based in Kelowna, British Columbia that has been in operation for over 20 years under the brand Plant Life Products and Holland Secret.
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