NetworkNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF) Issues Corporate Update for the Second Quarter of Fiscal 2018

Cannabidiol infused health product company Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF) this morning issued a corporate update for the second quarter of fiscal 2018. Among the highlights, the company noted its completion of a sizable production run aimed at adding product inventory, the retention of Creative Director Brian Schmidt and award-winning global creative agency Sid Lee, its entry into a joint venture focused on cannabis-infused beverages and the bolstering of its leadership team through the appointment of James Bailey as its new chief executive officer. Phivida also closed a bought-deal short form prospectus financing on April 19, 2018, with the total issuance of 6.96 million units at a price of $1.15 per unit for gross proceeds of approximately $8 million. Per the update, “Phivida is now fully capitalized to execute its strategic business plan, led by an experienced senior leadership team with proven success in navigating rapid expansion within innovative CBD infused functional food and natural health categories”

To view the full press release, visit http://nnw.fm/D6dOe

About 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 encapsulation technology, Phivida converts phytocannabinoids into water soluble delivery format, enhancing bioavailability, and timed released within the body. Phivida infuses CBD into functional beverages, foods and supplements with a proprietary blend of phytonutraceuticals studied to target a range of 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 report supports the potential benefits of CBD worldwide. Celebrating; Health and Wellness, In Harmony, Phivida’s mission is to lead the alternative health care sector as the benchmark quality standard in premium CBD infused foods, beverages and clinical products. For more information, visit the company’s website at www.Phivida.com

More from NetworkNewsBreaks

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
[email protected]