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If you're in CCAA you aren't eligible.
Still don't understand why they can't use the Canadian bank bailout program for Lps. Just pay it back down the road.
You have a funny way of asking things.
Why do you think I asked the % numbers?
How can you complain about a price when you don't know what it's for?
At $100/gram I am sure it will be flying off the shelves. Every step of the game the company has been self sabotaging itself. Any idea of thc and cbd? Does it really matter at that price point?
Shaking my head as usual...
If there are no bids you could either sell your shares or hold onto them until they're worth something.
The new products are available at the AGLC website under Stigma Grow. Buying the products would help Invictus move towards an exit from CCAA.
Huge gamble. What if there are no bids? Was looking at buying back in at the 20 cent level, and thankfully did not.
Canadian ticker still halted.
All websites still being updated, more money wasted. Look at Acreage Pharms "coming soon" oil product images and the thc and cbd percentages show %0.0
Bunch of clowns.
This is actually a great time to load up the truck as the deadline for the final bids on the sale of Invictus approaches. The deadline is 5:00 pm PDT, Tuesday, May 19, 2020.
https://www.pwc.com/ca/en/services/insolvency-assignments/invictus/sisp.html
Invictus' SP is currently severely undervalued and a decent offer made for the company could net buyers a quick profit.
$100/gram...One of the worst companies to invest into. Yeah, let's incurred and have huge amounts of debt, crap products and spin it off as the best in the world. Not to mention, all of those false locations we never actually operated at...
New management is always better right. Show us the evidence! Everytime "new management" happens, the company sinks further into the ground.
Totally legit right???!
F'ing nightmare company...
The new products are concentrated. A little goes a long way.
New extract products on Alberta store now. 99 dollars a G. BIG MONEY.
Bought more shares today. This is good news. Should be some hot selling items. Will pull Invictus out of financial problems soon now that we have good leadership.
Acreage Pharms new products shipped to AGLC
https://www.linkedin.com/posts/acreagepharms-ltd_acreagepharms-caviar-budder-activity-6664277616998051840-HQkh
First shipment of concentrates (Live Resin Caviar, Live Resin Badder and Cured Badder) sent to AGLC !!!
Retailers, watch for Acreage Pharms' product offers under Stigma Grow and Premium 5 brand names on next Monday's list. So excited to finally get the goods going!!
These stocks seem to go up during warmer weather? JMO :)
Marc Ripa resigns as Director. Brenda Dixon new Director of Invictus.
https://www.newswire.ca/news-releases/invictus-announces-director-resignation-825816779.html
New Monitor's Report - Invictus' status in CCAA
https://www.pwc.com/ca/en/car/invictus/assets/invictus-032_042820.pdf
Yes 88,if INVICUS goes with with new products it will be a hot seller and the black market can't duplicate. That spells money to me. I'm liking their new direction.
Hanging on by a thread.
Informative, thanks 88. Looks like INVICUS could just borrow money from Canada's government bailout program to pay off ceaditors.??
Here's an article about concentrates to answer your question.
https://weedmaps.com/learn/products-and-how-to-consume/cannabis-concentrates/
Looking good if it goes though. I'm still in,do or die. Get that and PODA launch at end of July. Maybe I'll start buying more shares. I'm there with ya 88. I need to figure out what you do with new products, smoke em or eat em.
Invictus motioning for supply deal with Stigma Grow. Court date on Apr 29.
https://www.pwc.com/ca/en/services/insolvency-assignments/invictus/motion-materials.html
better than fake news
The deadline for bids is 5:00 pm PDT 4/24, so it'll likely be next week before there's an update.
Just all bad news...
Hopefully we'll know something tomorrow.
You're obviously not looking very hard.
Almost a year and .. no news!? Smh
New products with partner: "Stigma Grow".
https://www.acreagepharms.ca/blog-blog-blog-blog
Invictus, everything always "coming soon"... What a joke!
PODA will launch soon after end of July after manufacturer equipment is complete.
Hold on to your hat they built a website woah cool dude
That cheap looking stagnant website same garbage that has been on site for 8 months or so
You mean that one??
Like I said hilarious
Ain't a happin. Invitus will survive with government help now and PODA will launch around end of July. Should do well with most vapes being out of CHINA. People mad at China.
Invitus looks to be building a new website. What a ride. I'm in do or die.
Invitus MD should take advantage of government loan and finish out phase 3. Then only grow high THC products only. Perfect timing.
New Acreage Pharms Website shows new resin products
https://www.acreagepharms.ca/
Maybe this will help invictus md - https://www.ctvnews.ca/mobile/health/coronavirus/bars-cannabis-sector-eligible-for-40b-credit-program-from-government-bank-1.4883439
Until Invictus comes out of Creditor Protection one way or another, it's tough to say what the correct thing to do as a trader/ investor is. There are a great deal of variables with the following included.
They could fail to sell the company to anyone and then go BK.
They could restructure (with or without investor money) and go on to make millions or go BK.
They could sell to a public company and then go on to make millions as a new company or go BK.
They could sell to a company that takes them private and shareholders might make a small amount or not.
No one knows!
I'm a proud bagholder and not selling!
Thank you very much for the link. I see that they have over $120M in assets with roughly $20 million in liabilities. So let’s say then that they’re worth roughly $100M and that’s not accounting for potential profit the company can create. Correct me if I’m wrong but this seems like a no brainer buy right now. Currently $5 million market cap @ $.0375. Would the company be forced to sell at a discounted price? Or would they be able to sell all their assets for over $100M? Am i missing something?
Invictus' assets and liabilities can be viewed in the following document which is part of the Monitor's report to the Court in their creditor protection arrangement. Refer to pages 3-5.
https://www.pwc.com/ca/en/car/invictus/assets/invictus-010_022020.pdf
Current MC under $5M. How much is IVITF inventory/properties/licenses really worth at auction? I’d like to think above $5M. How much debt do they currently have?
Invictus Update from PWC website
Status Update as at March 31, 2020
General
As noted in the February 24, 2020 update the stay of proceeding was extended to May 29, 2020. We are preparing this brief update for stakeholders and other interested parties.
Operations
Since February 24, 2020 the Invictus Group has finalized its interim financing agreement, securing $3,000,000 of funding to pay amounts pursuant to the Amended and Restated Initial Order as contemplated in the Company’s Cash Flow Statement filed in these proceedings.
On March 27, 2020 the Invictus Group received their renewed license under the Cannabis Act and Cannabis Regulations from Health Canada.
The Invictus Group continues to operate in the ordinary course during the CCAA proceedings.
SISP
The Chief Restructuring Officer, Pam Boparai on behalf of the Company, with the assistance of the Monitor commenced the SISP on March 19, 2020. The SISP was advertised in the Globe and Mail on March 24, 2020 and the Company issued a press release on the same day.
The deadline to submit non-binding expressions of interest to the CRO and the Monitor is 5:00 PM (Pacific Time) on April 24, 2020.
https://www.pwc.com/ca/invictus
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The companies we seek to invest in demonstrate certain traits, which we believe are attractive to the creation of long-term shareholder value. Those traits include:
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