INVICTUS MD STRATEGIES CORP. (TSXV: IMH; OTC: IVITF; FRA: 8IS1), is pleased to announce the appointment of Dylan Easterbrook as Chief Financial Officer.
Mr. Easterbrook is a seasoned accounting and financial professional, who most recently was controller of a publicly traded global fibre optic connectivity solution provider. Prior to that role he was with Ernst & Young, one of the largest professional services firms in the world and one of the Big Four accounting firms, where he led audit engagements for both public and privately held companies from a variety of industries, including the emerging markets.
Dylan is a Canadian Chartered Professional Accountant (CPA, CA), and also holds a Bachelor of Science in Life Sciences degree from the University of British Columbia.
The company wishes to thank Mr. Herrick Lau for his contributions to Invictus MD and commitment in assisting the Company with its goal to become Canada’s Cannabis Company.
Further, the Company has issued 150,000 incentive stock options (the “Options”) to Mr. Easterbrook. The Options, of which one third will vest in three months, one third in nine months and one third in fifteen months, are exercisable for a period of five years at an exercise price of $1.19 per share. The Options were granted under and are subject to the terms and conditions of the Company’s Stock Option Plan.
“We are excited about Dylan’s appointment as he brings solid experience and capabilities that match our needs as we continue to develop,” said Dan Kriznic, Chairman & CEO, of Invictus MD. “The timing is ideal as we continue to execute on an aggressive development strategy aimed at creating Canada’s Cannabis Company. Our Company’s balance sheet is very strong; it has minimal debt, and the approximate $26 million cash in the treasury has been reserved to expand the Company’s canopy footprint on its 250 acres of property, making it one of the top producers under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). This production is needed to meet the significant demand for high quality, standardized, pesticide free product not only for the existing medical market but also to accommodate the recreational market that will commence mid 2018.
“Invictus MD is seen as a real leader within this remarkably young and fast-growing cannabis sector,” added Mr. Easterbrook. “I am excited about my new role and look forward to contributing and helping Invictus MD reach the next level in its unprecedented journey.”
Source: Technical 420