Invictus MD closes $16.2 million bought deal private placement

March 3, 2017

On March 2, 2017, Invictus MD Strategies Corp. (CSE: IMH; OTC: IVITF; FRA: 8IS) announced that it had closed its previously announced bought deal private placement with the underwriters Canaccord Genuity Corp. and Eventus Capital Corp. issuing a total of 9,829,130 units at a price of $1.65 per unit for aggregate gross proceeds of $16,218,065.

Invictus MD Strategies Corp. is focused on three main verticals within the burgeoning Canadian cannabis sector: Licensed Producers under the ACMPR; Fertilizer and Nutrients through Future Harvest Development Ltd.; and Cannabis Data and Delivery, with its wholly owned subsidiary Poda Technologies Ltd.

Miller Thomson advised the underwriters in this transaction with a team that included Dwight Dee, Peter McArthur and Erika Lai (securities) and Lisa Sim (IP), assisted by student-at-law Shahdin Farsai.