Invictus MD Strategies Declares Dividend of $0.108 per Share - Video News Alert on Investmentpitch.com

October 12, 2016 11:19 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - October 12, 2016) - Invictus MD Strategies (CSE: IMH) (FSE: 8IS) (OTC Pink: IVITF) has declared a dividend of $0.108 per share, or approximately $1 million. The dividend is payable on November 24th, to shareholders of record on November 10th.

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Dan Kriznic, CEO,stated: "We have now finalized the sale of our Sunblaster division previously owned by Future Harvest Developments Ltd. This sale provided us with cash in excess of what is required to execute our business plan. Future Harvest generates positive cash flow and has recently upgraded all of its equipment to meet the significant fertilizer demand from its customers."

In January 2017, the company also plans to complete a spin-out of Future Harvest into a newly formed company, with shareholders of Invictus receiving one share of the new company for each share of Invictus held at the record date, which has yet to be announced. Following the spin-out, the company plans to apply to list the new company on an exchange, all subject to shareholder and regulatory approval.

For more than 20 years, Future Harvest (www.futureharvest.com) has provided innovative products and solutions to the hydroponic and indoor growing industries. 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.

Future Harvest has manufactured metering and monitoring equipment for more than fifteen years.

The most popular and industry standard is the Trimeter, made famous because a single glance tells you if your pH, nutrients and temperatures are on target.

Plantlife Products consists of 29 proprietary formulas that of offer growers the leading edge in sediment free plant nutrition. Every product has been developed and tested in-house by Future Harvest's own plant scientists.

Invictus MD Strategies will continue to target companies within fragmented industries, that have proven brands, strong customer focus, and significant growth potential. It will then provide these companies with capital and a management team with a successful track record of running companies ranging from start-ups to large international organizations.

The shares are trading at $0.66 and with 9.2 million shares outstanding, the company is capitalized at $6.1 million.

For more information please visit the company's website at www.invictus-md.com or contact Dan Kriznic, CEO at 604-368-6437 or email d.kriznic@invictus-md.com.

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