The inaugural import shipment was sent in advance of a national market roll-out. Asayake Inc. CEO, Mr. Kazuhiko, states, “We are excited to distribute Phivida’s CBD-Hemp Oil products in Japan. Federal government approval of cannabidiol [CBD] products is very uncommon and is a testament to Phivida’s quality standards.”
Prior to approval, a rigorous audit was completed by the Ministry of Health and Welfare’s National Institute of Health and Nutrition in Tokyo. Compliance required; security checks, Department of Agriculture permits, cGMP certifications, FDA registrations and Certificates of Analysis (COAs) from third-party testing laboratories, etc.
Phivida’s internal quality assurance standards exceed Health Canada requirements for food safety. Phivida tests every product for; potency (<0.3% THC), terpenes, microbials, heavy metals, pesticides and residual solvents.
President and Chairman, John Belfontaine states; “we are honoured to have been selected as one of the first federally approved CBD infused food and supplement brands in Japan. With first mover-status achieved, Phivida now markets to an underserved yet highly informed population of 127 million patients and practitioners.”
Herbal remedies and plant-based nutraceuticals are used widely by licensed clinicians in Japan and are engrained in popular culture through the ancient traditions of Kampo and the teachings of Shinto Buddhism.
The supplement market in Japan is estimated at US $10 billion and the overall functional foods market at US $21 billion.iThe global Anti-Inflammatory Therapeutics Market is projected to reach US $106 billion by 2020, with a CAGR of 5.9%.iiThe Asia-Pacific region is the fastest growing market for natural plant-based supplements.
Phivida now plans to prepare a formal application to Japan’s Consumer Affairs Agency (CAA) to register Phivida’s CBD infused functional food and beverage products for approval under the Food with Functional Claims (FFC) regime. The FFC allows companies to market health benefits (aka “functionality). The functional beverage market in Japan is estimated at US $10.36 billion with a CAGR of 2.5% (2015 – 2025).iii
Phivida Holdings Inc.
Phivida [“fiii-vee-daa”] is a premiere brand of cannabidiol (“CBD”) infused functional foods, beverages and clinical health products, poised for global distribution. Using encapsulation technology, Phivida converts cannabinoid oils and extracts into water soluble delivery, enhancing bioavailability, and timed released within the body. Phivida’s encapsulated CBD is infused into CBD beverages, foods and supplements containing a proprietary blend of phytonutraceuticals studied to target a range of health conditions, from chronic pain to terminal diseases. The World Anti-Doping Association’s recently lifted a ban of CBD from hemp oil and the World Health Organization’s recent statement supports clinical benefits of CBD for athletes and active families. Celebrating; Health and Wellness, In Harmony™, Phivida’s mission is to lead the alternative health care sector as the benchmark quality standard in premium cannabinoid infused foods, beverages and clinical products, with a dedication to research, education and investing back into the communities which we so proudly serve. Phivida is listed on the Canadian Securities Exchange under the ticker symbol “VIDA”. Visit www.phivida.com or join our social media network @Phivida. For investor information and inquiries please email us at email@example.com.
World High Life Plc (“World High Life” or the “Company”)(AQSE:LIFE) (OTCQB:WRHLF), is pleased to announce that it has appointed H&P Advisory Limited (“Hannam & Partners”) as financial advisor to the Company with immediate effect
About Love Hemp
Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ retail stores, today announced that its executive team will participate in the following conference in March 2021:
Needham 2 nd Annual Virtual Cannabis Conference, March 3, 2021: Management will participate in one-on-one meetings.
Meanwhile, two longstanding cannabis partners ended their relationship.
Trulieve to donate $20,000 in scholarship funding and $15,000 to support leadership development
Trulieve Cannabis Corp . (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation’s largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one of the organization’s member-schools as part of Trulieve’s diversity, equity, and inclusion initiatives. The $15,000 in talent funding is earmarked to support TMCF’s internship program, reaching a diverse talent pool of students and alumni from their 47 member-schools to provide immersive experiences at Trulieve.
The new dispensary expands patient access to Florida’s largest inventory of medical cannabis products
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of a brand-new Florida dispensary, the Company’s 80th nationwide. The new location marks the Company’s first in Tamarac and third in Broward County expanding patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.