Invictus MD Strategies Corp (IVITF)

[OD3]

VANCOUVER, Jan. 21, 2019 /PRNewswire/ - INVICTUS MD STRATEGIES CORP. ("Invictus" or the "Company") (TSXV:GENE, OTCQX:IVITF, FRA: 8IS1)) announced today an update to its intention to proceed with a consolidation of its issued and outstanding shares with a newly proposed reduced share consolidation ratio of one new share for every five old shares (1:5) in connection with its proposed listing on Nasdaq Stock Market LLC ("Nasdaq"). The proposed reduced share consolidation ratio replaces the original consideration on the basis of one new share for seven old shares (1:7) (see press release dated January 17, 2019).

Invictus MD (CNW Group/Invictus MD Strategies)

The purpose of the consolidation is to increase the Company's common share price to be in compliance with Nasdaq's minimum share price listing requirement of USD $3.00 (CAD $3.98). Management believes this reduced ratio is sufficient to achieve Nasdaq's minimum threshold. At Friday's closing share price of CAD 1.06 (USD 0.80) on January 18, 2019, a 5:1 consolidation represents a new Company share valued at CAD 5.30 (US 3.99).