UPDATE ON ACREAGE PHARMS LTD.

World News: . []

Vancouver, British Columbia, June 12, 2019 (GLOBE NEWSWIRE) -- Mr. Trevor Dixon, Chief Executive Officer of Invictus, is pleased to report that the Phase I and II facilities of the Company’s wholly owned subsidiary Acreage Pharms Ltd. (“”), comprising a total of 40,000 sq. ft of combined space, are now in full production and is commencing the third harvest cycle from their eleven flowering rooms.  Phase II was licensed for production under Health Canada’s ("") on August 31, 2018 and is currently harvesting four room harvests per month.  Total production has now reached over 200 kg per month of dry bud and dry cannabis for Acreage Pharms' in-house CO critical gas extraction. Phase I and II are meeting the planned production of 2,400 kg per year. Acreage Pharms is averaging a price of $5.95 per gram sold of dry bud.

On Behalf of the Board

Trevor Dixon

Chief Executive Officer

 

Investor Relations 1-844-800-6086

E-Mail:

 

Kathy Love
Invictus MD Strategies Corp.
kathy@invictus-md.com

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Globe Newswire: 14:15 GMT Wednesday 12th June 2019

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