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Phivida (CNSX:VIDA)

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Last Post: 9/19/2018 12:45:21 AM - Followers: 18 - Board type: Free - Posts Today: 0


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Phivida Holdings Inc. Completes Initial Public Offering: 
Will Begin Trading December 19th Under The Symbol VIDA

Phivida Holdings Inc. reports that it has completed its initial public offering and anticipates that its common shares will commence trading on the Canadian Securities Exchange on December 19, 2017 under the ticker symbol "VIDA". 

Pursuant to the Offering, Phivida issued 14,375,000 units (the "Units"), including the full over-allotment option, with each Unit comprising one common share (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant") at a price of $0.40 per Unit for gross proceeds of $5,750,000. 

Each Warrant is exercisable at a price of $0.75 per Common Share for a period ending 24 months from the closing date of the Offering, subject to accelerated expiry by the Company upon 20 days' notice in the event the Common Shares trade at a price equal to or greater than $1.00 for a period of 20 consecutive trading days. 

The CSE has approved the Common Shares for listing and has advised the Company that the Common Shares will commence trading on the CSE on or about December 19, 2017 under the ticker symbol "VIDA." 

Canaccord Genuity Corp., as lead agent, together with Mackie Research Capital Corporation and Haywood Securities Inc. (collectively, the "Agents") acted as the Company's agents in connection with the Offering. Phivida recognizes Liberty North Capital and Hillcrest Capital Partners for their significant contributions as corporate advisors. Pursuant to the Offering, the Agents received a cash commission equal to 7% of the gross proceeds of the Offering, other than in respect of presidents list purchasers which was 3.5%, a corporate finance fee of $75,000 and 187,500 Common Shares, and compensation options exercisable in 832,563 Common Shares at a price of $0.40 per share for a period expiring 24 months from the closing date. 

CEO John-David Belfontaine states; "The credit belongs to the hard work and professionalism of the Phivida board, executive and operations team. We also recognize our syndicate and advisory partner team for their contributions in stewarding a successful initial public offering. This is a significant achievement for The Company, but just the beginning of our shared success, as we prepare to launch our premium suite of Phivida brand CBD products onto a global stage in 2018. We look forward to providing more exciting updates and milestone achievements as we enter this rapid-growth phase in the life of Phivida." 

The Company intends to use the proceeds from the Offering to begin full-scale manufacturing, marketing and distribution of Phivida Nutrition and Phivida Enhanced products. Phivida Nutrition products will consist of custom formulated hemp oil infused beverages that include a proprietary blend of nutraceuticals and infused with nanoencapsulated hemp oil extracts. Phivida Enhanced products will be marketed under the Vida+ brand name as functional foods and supplement nutraceuticals and capture a leadership share of the US CBD hemp oil market. 

Phivida Holdings Inc. 
Phivida (pronounced "fi-VEE-dah") is a premier brand of cannabidiol ("CBD")-infused functional foods, beverages and clinical products that is poised for global distribution. 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 that CBD is an effective treatment for epilepsy — and that there is some evidence that CBD could help treat Alzheimer's disease, cancer, psychosis, Parkinson's disease and other conditions opens the door for athletes and active families use Phivida products. Phivida's mission is to be a global leader in the alternative health sector while advancing education and research and investing back into our communities. For more information visit 

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VIDA News: WeedMD and Phivida Sign Definitive Agreement on Cannabis Beverages Inc. 08/15/2018 10:33:57 AM
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VIDA News: Phivida Signs Major Exclusive National Agreement 08/01/2018 10:00:00 AM
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#95   Phivida an under appreciated opportunity TheMonolith 09/19/18 12:45:21 AM
#94   PHVAF should be biggest benefactor of the Coca-Cola TheMonolith 09/18/18 10:58:46 AM
#93   Coca Cola news should be big for Phivida! TheMonolith 09/17/18 07:27:45 AM
#92   I think it'll continue to rocket if we TheMonolith 09/16/18 08:59:49 PM
#91   Monday dip here, or rocket to da moon? PotterBanker 09/16/18 01:54:52 PM
#90   Here's a link of the same story basically, MRE1980 09/13/18 07:53:11 PM
#89   Yes, I think $3-5 is possible by year-end. TheMonolith 09/13/18 11:17:23 AM
#88   $PHVAF is one of many I like , Outcast27 09/13/18 11:15:50 AM
#87   PHVAF/VIDA.CA consolidating nicely thus far. LOOKS like TheMonolith 09/13/18 10:06:18 AM
#86   Great video showcasing the lifestyle branding. I TheMonolith 09/12/18 03:30:45 PM
#85   Beautiful design! TheMonolith 09/12/18 08:31:49 AM
#84 MRE1980 09/12/18 07:57:39 AM
#83   Where is everybody? Still flying under the radar? TheMonolith 09/10/18 12:13:17 PM
#82   May not happen. I would expect the TheMonolith 09/10/18 10:12:39 AM
#81   I've got a buy waiting for $1.01 CAN, n8dgr88 09/10/18 10:10:33 AM
#80   Nice to see Todd Harrison of CB1 Capital TheMonolith 09/07/18 05:47:19 PM
#79   Phivida Chart TheMonolith 09/07/18 04:08:50 PM
#78   VIDA/PHVAF loves Fridays!!! Hopefully we see the TheMonolith 09/07/18 03:22:12 PM
#77   Acosta's customers include: Coke, Kraft, Kellogs, Cambells, TheMonolith 09/06/18 11:33:43 AM
#76   Love these two paragraphs. TheMonolith 09/06/18 11:33:28 AM
#75   I think this could be a $5 stock TheMonolith 09/04/18 10:44:06 PM
#74   Hello there. Imade my first purchase here, and MRE1980 09/04/18 09:55:20 PM
#73   Another nice day for VIDA/PHVAF. $4 more TheMonolith 09/04/18 04:14:18 PM
#72   PHVAF/VIDA.V holding strong today after the nice advance TheMonolith 09/04/18 11:43:28 AM
#71   PHVAF - CBD Beverage Play! The makings of TheMonolith 08/31/18 02:28:44 PM
#70   Yep, when some of the MJ investors see Outcast27 08/31/18 01:53:26 PM
#69   Nice break up here on heavy volume! TheMonolith 08/31/18 01:48:27 PM
#68   I know IT...She is going to be a Outcast27 08/29/18 11:53:48 AM
#67   How has Phivida not been noticed yet? TheMonolith 08/28/18 05:52:16 PM
#66   BOOM, nice day. Cant wait for news of itsthebox1 08/28/18 05:32:59 PM
#65   This is a long play for me, Like Outcast27 08/23/18 09:50:17 AM
#64   I have been buying Phivida. I followed them JohnCM 08/23/18 02:48:40 AM
#63   60.2 mi It says on TD Amer....Think thats Outcast27 08/22/18 03:33:52 PM
#62   Buy 75 JohnCM 08/21/18 10:22:19 PM
#61   Well seems this one is moving , with Outcast27 08/20/18 09:51:11 AM
#60   This News here , is what made me Outcast27 08/19/18 10:33:08 PM
#59   That's Good..I really think $PHVAF will surprise many..... Outcast27 08/17/18 04:21:23 PM
#58   Fidelity did not charge me $50.00 JohnCM 08/17/18 04:15:51 PM
#57   I Think so, Thought you knew..... Outcast27 08/17/18 01:47:44 PM
#56   Are they DTC eligible? JohnCM 08/17/18 12:31:14 PM
#55   Everyone is on Cv/si , soon $PHVAF will Outcast27 08/17/18 11:47:55 AM
#54   I really think this is also a winner...$PHVAF Outcast27 08/17/18 10:20:05 AM
#53   Ok Got it figured, OUT.....WoW 'Phivida (CNSX:VIDA) sure Outcast27 08/17/18 08:26:28 AM
#52   How do you still feel about VIDA ? Outcast27 08/17/18 08:00:27 AM
#51   Phivida Graduates to the OTCQX Best Market - JohnCM 07/30/18 09:19:23 AM
#50   Thanks John haven't been paying much attention seems MrRhino 07/17/18 11:46:31 AM
#49   Phivida Provides Corporate Update on Q1 2018 JohnCM 07/16/18 02:31:51 AM
#48   Phivida Appoints Former Red Bull President as Chief JohnCM 07/16/18 02:30:20 AM
#47   Phivida Activates Distribution in Japan JohnCM 07/16/18 02:28:31 AM
#46   27.29 JohnCM 07/16/18 02:18:18 AM