Invictus MD (CSE:I MH) has announced that it has paid a $1 million dividend to its shareholders as of November 21, 2016.
Dan Kriznic, CEO, said:
The payment of this dividend marks a milestone in our overall strategy of acquiring cannabis assets and ultimately exiting at a much greater valuation. In the past 12 months we divested of three assets for approximately $5.4 million. Invictus MD’s cost base on those assets was $1.3 million representing a 315% return on investment. We continue to seek opportunities that will harvest similar results. The recent $12 million financing gives us the necessary capital to execute on our North American cannabis acquisition plan.