INVICTUS MD STRATE COM NPV (OTCMKTS:IVITF) is a Canadian micro cap stock that is seeing a break out in volume (10x) over the past few sessions. For those of you follow Cannabis stocks – you know that individual stocks were starting to give clues that something was afoot when long time suppliers in the industry like INVICTUS MD STRATEGIES CORP. (OTCMKTS:IVITF) shares were under accumulation. This started for IVITF on election day when shares were .60 cents with low volume. The chase continued until February of this year sending shares to near $1.60 before all was said and done. A look at the chart below shows this rapid price appreciation.
Some of the recent fundamentals driving shares revolve around the receipt of their license to cultivate under the Access to Cannabis for Medical Purposes Regulations – and the company said they are firmly committed to patient safety and the quality of their cannabis. This always makes investors happy.
INVICTUS MD STRATE COM NPV (OTCMKTS:IVITF) said in a recent press release. “Since being founded, we have established and emphasized a strict culture of regulatory compliance and have committed to enforcing a rigorous Quality Management Program and closely monitoring all our suppliers to ensure that any products used meet or exceed the minimum standards set to comply with Health Canada’s regulations,” said Trevor Dixon, Founder and CEO of Acreage Pharms. “Our best-in-class Quality Assurance and testing protocols, will give our future clients additional certainty regarding the purity and safety of the medical cannabis we produce. When we set out on this exciting new endeavour we planned on achieving the highest standards when it came to the cultivation and production of medical cannabis. As part of this, we made an important investment in our state-of-the-art, purpose built growth facility near Edson, Alberta, that enables us to produce medical cannabis that meets our exacting standards of quality, consistency, and safety.”
Dixon further stated, “additionally, to ensure product integrity through every step of the growing process, we will utilize fertilizer from Future Harvest Development Ltd., of which Invictus MD currently owns 82.5%, which significantly reduces the risk of unwanted chemicals that might be found in other fertilizers.” Chris Pearson, Chief Revenue Officer of Future Harvest commented that, “We’re committed to our customers’ quality outcomes. At Future Harvest we’re highly dedicated to consistently producing the highest quality nutrient formulations. This is achieved through our Standard Operating Procedures including closely monitoring and having regular detailed dialogues with our global supply partners to ensure product consistency, a five times cleaning protocol for all batch and formulation tanks, and an independent detailed analysis sample procedure.”
The company also reported that Future Harvest Development Ltd., (which Invictus MD currently owns 82.5% of) has generated $1.787 Million in revenue for the 9 months ending March 31, 2017. With a gross margin of $907,864, representing a 50.8% gross margin compared to the same period in the prior year gross margin of $642,773, and a 35.9% margin.
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$IVITF 10-Day Chart Below:
Chris Pearson, Chief Revenue Officer of Future Harvest commented that, “we supply specialty fertilizers and other supplies for hydroponics, the indoor method of growing crops favored by cannabis cultivators. We know there’s a massive market out there; we’re directly focused on what’s made our business successful: high-value crops. To seize the growing demands in the cannabis sector, we’ve ramped up production by installing a second, fully automated bottling line increasing overall production efficiency by 400%, and a state-of-the-art pill press (patent pending), enabling us to produce water-soluble nutrient tablets, eliminating the need for water and salt and greatly reducing packaging and transportation costs for large-scale commercial applications. These initiatives further position us for the highly profitable business opportunities within the global cannabis sector.”
Dan Kriznic, Chairman and CEO of Invictus MD commented, “Future Harvest’s success reinforces our focused execution on being a leader in the burgeoning global cannabis industry as Canada moves closer to legalized recreational marijuana. We remain confident in our ability to delivering strong results this year, and expand Future Harvest’s ability to further increase our shareholder value.”
For over twenty years, Future Harvest through INVICTUS MD STRATEGIES CORP. (OTCMKTS:IVITF) has brought fertilizers, metering and monitoring equipment and other supplies for hydroponics, the indoor method of growing crops favored by the burgeoning cannabis industry.
Future Harvest’s product lines are available through leading distributors and retailers across North America, the United Kingdom and Europe and include Nutradip, Plantlife Products and Future Harvest Plastics.
I want to see how the share price holds up for this long standing company, they seem perfectly positioned for the long game in Cannabis. 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!