WDDMF - Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is One to Watch
- Publicly traded on the Canadian Securities Exchange (CSE.VIDA) and recently graduated to the OTCQX Best Market in the USA (OTCQX.PHVAF)
- Strong balance sheet and capital structure with over CAD $15.5 million cash, no debt, with less than 60 million shares outstanding — fully capitalized for global distribution
- Expert management team includes former senior executives from Red Bull, Proctor & Gamble, Labatt’s, Stoli Group and the former CEO of Seagram’s International
- Joint venture with top Canadian licensed producer WeedMD (TSX: WMD) for one of the first federally legal cannabis beverage manufacturing facility, new global distribution partners
- Developing best-in-class premium CBD-hemp oil infused beverages and supplements
- On track to become the first CBD food, beverage and supplement products company to cross-over into mainstream natural specialty grocery retail distribution across the USA, a channel market valued at over USD $4.1 billion
- 2017 World Health Organization Report on CBD hemp oil “safe, non-toxic, non-psychoactive and medicinal” and in January 2018 the World Anti-Doping Agency removes CBD-Hemp oil from Prohibited Substances list, making CBD hemp oil eligible for use by professional athletes for the first time in the history of competitive sports (WADA regulates Olympic, FIFA, etc.)
- Global Health and Wellness Market hits $1 trillion in 2017 (Euromonitor Report)
- Hemp-based CBD-infused products are expected to achieve growth of 700% to $450 million by 2020 (Hemp Industry Association)
- CBD (cannabidiol) market is estimated to explode from $360 million to $2.1 billion by 2020 (Hemp Industry Association)
- CBD and cannabinoids as functional ingredients in body-care and supplement categories show +300% growth year-over-year (Forbes)
Headquartered in Vancouver, Canada, with operations offices in southern California, Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is a premium food and beverage company that develops CBD-infused functional foods, beverages and supplements poised for global distribution. All products in the Phivida label are infused with organic, hemp-derived cannabinoids into a variety of premium foods, beverages and clinical products for everyday health. Phivida is guided by a team of Fortune 500-caliber executives focused on a new strategic portfolio of products and brands, comprehensive consumer research, new product and brand development, improved visual identity and packaging design, and a strong distribution strategy.
The company’s motto — “Celebrating Health and Wellness, in Harmonyâ„¢” — underscores Phivida’s mission to lead the alternative health care sector as the benchmark standard in premium…
More from NetworkNewsWire
- Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Praises Neighborly Attention amid Ramp-up to Full-scale Production in Utah
- Pure Capital Ltd. Expands Ownership Stake in Medigus Ltd. (NASDAQ: MDGS) (TASE: MDGS), Seeks Dismissal of Internal Board Members
- Charitable Applications of Blockchain-Based Crypto Technology
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com