Invictus MD (IMH-CN)

They have big plans to expand. They raised money through a stock deal. It was one of the best performing stocks since. It’s a volatile stock. What will differentiate them is they have future harvests of a specific fertilizer for cannabis, but it does not seem to be moving the needle. The volumes are so small that a small news item can drive the stock up. You are taking a lot of risk here.

He is just now looking at buying some of their financing. If you look at something like an AFRA then this stock should be significantly higher priced. They are on the verge of being a producer. He hopes it will attract investors that are fleeing the high valued cannabis stocks and want to put money back in the same space. There is uncertainty about when they will be profitable. [The BNN web site labeled it as Invictus Financial (IVFZF-UTC-US) but the caller and guest were talking about the cannibus stock].

Doesn’t know this company, but he has done well in the medical marijuana space. There is no question that someone is going to make money, but valuations are getting pretty stretched. He would be cautious, take some profits, and maybe buy back when things settle down.