Phivida Holdings Inc (CSE:VIDA) is pleased to provide an official corporate update for the first quarter of fiscal 2018.

 The accelerated expiration of $0.75 warrants issued in the initial public offering is now complete. A total of 7,175,000 of the $0.75 warrants were exercised for gross proceeds of $5,381,250. As of February 19th 2018, the current cash position is $10,150,000 with no liabilities or loans payable. Phivida is now fully capitalized for commercialization of its Nano-CBD™ Hemp Oil infused functional beverages and supplement products in 2018.

Mass production of Phivida’s Nano-CBD™ Hemp Oil infusions is currently underway. Phivida’s inaugural mass scale production is estimated to yield a total wholesale inventory value of $2,500,000 USD. Manufacturing of Phivida’s CBD infused products is destined for California retail channel distribution markets. Management is simultaneously preparing for a brand marketing and product distribution rollout across key US Pacific coastal states. The operations team is also preparing inventory and collateral for export to distribution partners in select markets within; Australia, Germany and Japan through partnerships with Namaste Technologies and Asayake distribution.


Management is now focused on pursuing strategic partnerships with ACMPR LPs (Access to Cannabis for Medical Purposes Regulations Licensed Producers) for expansion into the Canadian cannabis market. Under federal Bill-45, ACMPR LP program is proposed to be extended to include consumer-packaged goods products such as cannabinoid infused functional foods, beverages, supplements and other key categories from Phivida’s suite of Nano-CBD™ Hemp Oil infusions. The opportunity for offering Phivida products to the Canadian medical cannabis market under a prospective ACMPR LP partnership is now the primary mandate to continue global market expansion.

Phivida Holdings Inc.

Phivida (pronounced “fi-VEE-da”) is a premier brand of cannabidiol (“CBD”) infused functional foods, beverages and clinical products – poised for global distribution. Using nanoencapsulation technology, Phivida converts phytocannabinoids into water soluble delivery format, enhancing bioavailability, and timed released within the body. Phivida’s Nano-CBD™ is infused into functional 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 recent decision to lift its ban of CBD from hemp oil and the World Health Organization’s recent statement supports the clinical benefits of CBD worldwide. Celebrating; Health and Wellness, In Harmony™, Phivida’s mission is to lead the global alternative health and wellness industry, serving as the benchmark standard of premium cannabinoid infused foods, beverages and clinical supplement products.

Phivida is publicly traded on the Canadian Securities exchange listed under the trading symbol “VIDA”. For investor inquiries please contact us directly via the information listed below.

FORWARD-LOOKING INFORMATION

This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, the Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents, which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

SOURCE Phivida Holdings Inc.

Click here to connect with Phivida Holdings Inc (CSE:VIDA) and receive an Investors Presentation. 

Source: www.newswire.ca

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

Keep reading... Show less

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.

Keep reading... Show less

In the cannabis space this week, retailer Fire & Flower Holdings (TSX:FAF,OTCQX:FFLWF) told investors it will be entering the US market through a novel strategic action.

Meanwhile, two longstanding cannabis partners ended their relationship.

Keep reading... Show less

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.

Keep reading... Show less

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.

Keep reading... Show less