10:02 AM EST - INVICTUS MD STRATEGIES CORP. : Announced that the Company has entered into a Letter of Intent ("LOI") to make a further strategic investment in the licensed production facility under the Access to Cannabis for Medical Purposes Regulations, AB Laboratories Inc. located near Hamilton, Ontario, from its current 33.3% ownership interest to 50%. Additionally, the Company is pleased to announce that AB Labs has received the amendment to sell dried marijuana under the ACMPR. The terms of the LOI include a direct cash investment in AB Labs for $10 million to be used for the expansion of AB Labs' existing facility, acquisition of the land and building at the existing facility from the landlord and for the acquisition of an adjacent land and building including retrofitting costs towards the existing building on the adjacent property, for a combined production space of approximately 56,000 square feet. INVICTUS MD STRATEGIES CORP.
shares V.IMH are trading unchanged at $2.20.
