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Invictus MD Strategies Corp (OTCMKTS:IVITF) Strengthens Management Team

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Invictus MD Strategies Corp (OTCMKTS:IVITF) has appointed Dylan Easterbrook as company’s new Chief Financial Officer. Easterbrook is a seasoned financial and accounting professional, who recently was controller of an international fibre optic connectivity solution firm. Before that, he was associated with Ernst & Young, where he directed audit engagements for both privately and public held firms from different industries, counting the emerging markets.

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Invictus MD wishes to thank Herrick Lau for his vital contributions to company and commitment in assisting the firm with its objective to become Canada’s cannabis firm. Further, the firm has issued as many as 150,000 incentive stock options to Easterbrook. The Options can be exercised at a price of $1.19 a share, as per the stated guidelines. They were approved under and are contingent to the terms and conditions of the firm’s Stock Option Plan.

Dan Kriznic, the CEO and Chairman of Invictus MD, expressed that they are thrilled about Easterbrook engagement as he brings remarkable capabilities and experience that match their requirements as they continue to advance. The timing is appropriate as they continue to accomplish on an aggressive development plan intended at establishing Canada’s Cannabis Company.

Invictus’s balance sheet is extremely strong; it shows minimal debt, and the cash of around $26 million in the treasury has been kept to expand the firm’s canopy footprint on its property spreading on 250 acres, making it one of the leading producers under the ACMPR. This production is required to meet the considerable demand for standardized, premium quality, pesticide free, product not merely for the current medical market but also for the recreational market that will start mid-2018.

Mr. Easterbrook expressed that Invictus is seen as a real pioneer within this remarkably fast-growing and young cannabis segment. He is thrilled about his new role and look forward to helping and contributing Invictus reach the next level in its unparalleled journey.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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