When one partner isn’t pulling their weight in a relationship, sometimes you have to cut them loose; and that’s what Invictus MD Strategies (GENE.V) did on Friday when they sold all of their shares in Canandia Bioceuticals back to Canandia.
In news that will shock nobody who has been paying even the smallest sliver of attention, rock n’roll legend, KISS guitarist, and reality show nimrod Gene Simmons has stepped down from his position as Invictus MD Strategies’ (GENE.V) Chief Evangelist Officer, wishing the company whose stock he has probably finished selling off, a fond farewell.
On March 04, 2019 Invictus MD (GENE.V) updated shareholders on production and expansion plans at its Licensed Producers: Acreage Pharms, AB Labs and Canandia.
Since cannabis became kinda mostly depends where you are legal, companies have been looking to find celebrities to brand and endorse their products, generally to limited success, especially as Canadian regulators have banned marketing that includes endorsements or celebrity names.
I’ve not exactly been hiding my opinion that a lot of weed investments right now are overpriced market plays that, when the rubber hits the road, will struggle to do real business. The reasons for that are many, but mostly apply to really big valuations attached to what are really agri plays.