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Trade Resumes In Invictus MD Strategies Corp (OTCMKTS:IVITF)

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As per the latest update, trading has been resumed in Invictus MD Strategies Corp (OTCMKTS:IVITF). The trading in stock was halted after IIROC had imposed a temporary suspension on the stock. Yesterday the stock posted decline of more than 1% to close the day at $1.719. The decline came at a share volume of 397,471 compared to average share volume of 379,420.

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As per Arcview Market Research, North America recorded legalized cannabis sales of $6.7 billion in 2016. The sales is expected to surge at a CAGR of 25% to a projected $20.2 billion by 2021. The cannabis demand from legal markets is projected to grow as more states approve either medical or recreational use. Customers in North America spent more than $53 billion in the illegal and legal cannabis markets combined in 2016, however only $6.7 billion was recorded from the legal market.

As per another report issued by Arcview Market Research, the licensed cannabis outlets are as profitable as Starbucks outlets and the recreational markets will surpass the size of the medical segment by 2021. Firms in focus are Invictus MD, Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE), Innovative Industrial Properties Inc (NYSE:IIPR), Aurora Cannabis Inc (OTCMKTS:ACBFF) and GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH).

The growing cannabis market is projected to have positive economic advantages, such as generating tax revenue and creating more jobs. Vivien Azer of Cowen & Co. stated in a report that when they consider ancillaries such as cultivators, security, testing labs and others, the economic impact could vary between $12.7 billion and $22.6 billion. Of note, these figures don’t comprise the impact of tourism, licensing fees, paraphernalia sales and business taxes, which could result in increased economic impact. Invictus stock is also listed on the TSX platform under the ticker ‘IMH’. More recently, the company increased its ownership stake to 50% from earlier stake of 33.3% in AB Laboratories Inc.

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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