Invictus Receives $5.8 Million from Warrant and Option Exercises and Issues Incentive Stock Options – PR Newswire (press release)

VANCOUVER, July 4, 2018 /PRNewswire/ – INVICTUS MD STRATEGIES CORP. (“Invictus” or the “Company”) (TSXV: GENE; OTC: IVITF; FRA: 8IS1) is pleased to announce that for the current fiscal year, which commenced on February 1, 2018, the Company has received $5,777,267 from the exercise of previously issued warrants and options. A total of 4,346,731 warrants and 337,500 options were exercised for proceeds of $5,267,467 and $509,800, respectively. As a result of such exercises, the Company currently has a total of 96,623,857 common shares issued and outstanding.

Invictus expects to use these proceeds to help fund its ongoing construction program and overall operations. The Company anticipates a total cannabis cultivation footprint of 262,000 square feet by the end of 2018 and 846,000 square feet by end of 2019. Invictus has approximately 9.9 million warrants and 9.4 million options outstanding that, if exercised, would bring in an additional $19.7 million and $14.9 million in cash funds to the Company.

Invictus has also granted 120,000 incentive stock options to certain eligible persons of the Company. Each stock option has an exercise price of

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