Invictus MD Strategies Corp (IVITF)

[RPMcKenna1976]

No information about ABG that I can find at the moment. Out $4,312,500 USD total for nothing.

"As consideration for ABG agreeing to release the Company from any further obligations under the License Agreement, the Company has agreed to pay ABG the following in accordance with the Termination Agreement: (i) US$312,500 payable in cash on October 22, 2019, an amount that was otherwise owing under the terms of the License Agreement; (ii) US$2,000,000 payable in cash or common shares of the Company at a per share issue price equal to the 10 day volume weighted average trading price (“VWAP“) of the common shares on the TSX Venture Exchange on the date of issuance, but in any event no lower than $0.11625 per share (the “Consideration Shares”) at the discretion of the Company on or before January 7, 2020; and (iii) US$2,000,000 payable in cash or Consideration Shares at the discretion of the Company on or before July 7, 2020."

https://www.globenewswire.com/news-release/2019/10/23/1934539/0/en/INVICTUS-AND-AUTHENTIC-BRANDS-GROUP-MUTUALLY-AGREE-TO-TERMINATE-LICENSE-AGREEMENT.html


Likely they will issue shares imo.

Mind-blowing!