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Recent SEC Filings
https://www.otcmarkets.com/stock/CHOOF/disclosure
Choom Holdings Inc.(OTCQB: CHOOF) Completes Acquisition of Phivida Holdings Inc.
Canada NewsWire
VANCOUVER, BC and SAN DIEGO, Calif., Sept. 16, 2020
"In connection with the closing, a total of 64,608,187 Choom Shares(OTCQB: CHOOF) have been issued to the former holders of Phivida Shares, resulting in former Phivida shareholders holding approximately 28.6% of the total number of issued and outstanding Choom Shares (based on 225,753,870 Choom Shares issued and outstanding immediately after closing)."
VIDA: (PHVAF on the OTC): Plan of Arrangement. Acquisition by Choom Holdings Inc. of all of the issued and outstanding shares of Phivida in exchange for consideration of 0.72566 of a common share of Choom for each Phivida Share.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Phivida Holdings Inc. Announces Leadership Transition
https://www.newswire.ca/news-releases/phivida-holdings-inc-announces-leadership-transition-861339445.html
VANCOUVER and SAN DIEGO, Nov. 25, 2019 /CNW/ - Phivida Holdings Inc. (CSE: VIDA OTCQX: PHVAF) ("Phivida" or the "Company") today announced that the Company's Board of Directors has appointed David Moon, most recently the President of Wikala.com Inc. and a director of the Company, as interim Chief Executive Officer. This appointment follows the decision of James Bailey to step down as President and CEO, and as a director of the Company, to pursue other opportunities. The Phivida board will undertake a search to identify the Company's next CEO, and will consider internal and external candidates.
John Di Girolamo, Director of the Company said: "David is a serial entrepreneur who brings a successful track record and 15 years of experience selling online. He also has background in the natural health and wellness industry that ties together the two major components of our business – technology and CBD-based health and wellness products. We are confident that David's experiences and background position him well to lead the Company during this time."
Mr. Moon commented: "Phivida now has a developed brand portfolio of CBD-based products and a technology platform that enables the creation of specialized marketplaces. We believe that the opportunity before us is in its infancy and that there is currently no entrenched technology-based leader in this sector. We are 100% focused on building shareholder value through the fullest utilization of the assets that we have on hand."
Mr. Moon added: "On behalf of the Company, we wish to thank Jim for his contributions, and wish him all the best in his future endeavours."
In conjunction with the leadership transition, the Company is undergoing a strategic review process to consider all value-maximizing opportunities, including exploring potential corporate transactions. There can be no assurance that the strategic review will result in a transaction. Phivida does not intend on making further public announcements regarding the strategic review process unless and until a definitive transaction has been entered into or as otherwise required by applicable law.
ABOUT David Moon
David Moon founded Wikala.com Inc. in January 2017 and currently serves as President of Wikala.com Inc. and as a board member of Phivida Holdings Inc. Previously, he co-founded Investintech.com Inc., a software company he led as President and as a board member. He has managed international, distributed teams involving technology and product development and navigated hyper-competitive markets subject to constant change. Prior to his business involvement, Mr. Moon practiced law as a securities lawyer. He received his J.D. and MBA at the University of Toronto and his B.A. from McGill University.
ABOUT Phivida Holdings Inc.
Phivida Holdings Inc. is headquartered in Vancouver, BC with operations in San Diego, CA. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients that help best maintain overall health and balance in the human body. The company infuses organic active hemp extract into a variety of premium beverages and clinical products for everyday health. Phivida embraces and celebrates a return to organic, natural, plant-based foods and beverages, and a focus on holistic health and wellness. The mission is to help reduce the world's dependence on pharmaceuticals and provide food and beverage choices that allow customers to live a balanced, healthy lifestyle. For more information, visit phivida.com.
Investor Presentation
October 2019
https://phivida.com/wp-content/uploads/2019/11/Phivida_Investor_Presentation_Nov_19.pdf
I think so, sooner or later.
It's a tough one because it doesn't trade much volume, and they made a questionable acquisition in may that really killed momentum.
We're expecting FDA guidance on cbd soon(any week now), so it could be a positive catalyst for accelerating distribution of their OKI line of cbd beverages.
Awesome product, great taste, great bottling, great look...possibility of it being a multi-million++ brand....but management needs a good kick in the ass. I've been holding and adding, but I've been frustrated w/ management for awhile.
Currently a low market cap and low OS w/ big potential as retailers await FDA guidance before carrying food/beverage products imo.
Nothing I hear... Bounce here?
Do you know of any rumors floating around? Curious why they would be commenting on potential strategic alternatives?
Phivida Holdings Inc. Comments on Recent Trading Activity
Canada NewsWire
VANCOUVER and SAN DIEGO, Oct. 25, 2019
VANCOUVER and SAN DIEGO, Oct. 25, 2019 /CNW/ - Phivida Holdings Inc. (CSE: VIDA OTCQX: PHVAF) ("Phivida" or the "Company") announces, in response to a request by the Investment Industry Regulatory Organization of Canada (IIROC) that there has been no material change or information to report that would account for recent trading activity in its shares. As a general policy, the Company does not publicly comment on unusual market activity, rumors or speculation in the marketplace. The Company regularly reviews strategic alternatives available to it and other means to enhance value for the Company and its stakeholders, and may engage in discussions with interested parties and stakeholders, including in respect of potential transactions. However, the Company has not entered into any agreement to effect any particular transaction or effect other material changes at this time, and there can be no assurance that any such discussions may result in any such agreement or change. The Company will inform the market as required and does not have any further comment at this time.
ABOUT Phivida Holdings Inc.
Phivida is headquartered in Vancouver, BC with operations in San Diego, CA. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients that help best maintain overall health and balance in the human body. The Company infuses active hemp extract/CBD into a variety of premium beverages and personal care products for everyday health. Phivida embraces and celebrates a return to organic, natural, plant-based foods and beverages, with a focus on holistic health and wellness. Phivida's vision is to become the leader in whole-plant solutions by providing holistic remedies for a more natural alternative to pharmaceuticals, and guiding people toward a vibrant, healthy life. For more information, visit phivida.com.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements (other than statements of historical fact) may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions or negative variations thereof.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future, and are based on assumptions believed to be reasonable by management at the time they were made. Readers are cautioned that undue reliance on forward-looking statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.
The forward-looking statements and information contained in this news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the policies of the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified in their entirety by this cautionary statement.
Neither the Canadian Securities Exchange nor its Regulations Services Provider have reviewed or accepted responsibility for the adequacy or accuracy of this release.
SOURCE Phivida Holdings Inc.
News Phivida Announces Director Resignation
Canada NewsWire
VANCOUVER and SAN DIEGO, Oct. 12, 2019
VANCOUVER and SAN DIEGO, Oct. 12, 2019 /CNW/ - Phivida Holdings Inc. (CSE:VIDA; OTC:PHVAF) ("Phivida"), today announced that Vito Piazza has resigned as a director of the Company. The Board of Directors of the Company would like to thank Mr. Piazza for his service and contributions to Phivida and wish him well in his future endeavors.
ABOUT Phivida Holdings Inc.
Phivida Holdings Inc. is headquartered in Vancouver, BC, with operations in San Diego, CA. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients that help best maintain overall health and balance in the human body. The company infuses active hemp extract/ CBD into a variety of premium beverages and personal care products for everyday health. Phivida embraces and celebrates a return to organic, natural, plant-based foods and beverages, and a focus on holistic health and wellness. The vision is to become the leader in whole-plant solutions by providing holistic remedies for a more natural alternative to pharmaceuticals, and guiding people toward a vibrant, healthy life. For more information, visit phivida.com.
Neither the Canadian Securities Exchange nor its Regulations Services Provider have reviewed or accepted responsibility for the adequacy or accuracy of this release.
Related Links
www.phivida.com
SOURCE Phivida Holdings Inc.
Nice little piece.
It's a waiting game.
Their latest acquisition was dumb as chit.
Not only did they kill the little momo they built, but they alienated current and potential investors.
It's tough trusting management right now.
Potential is huge, but they'll be put in the penalty box until prove they can execute sales and distribution.
People got to wake up...
Posted by WASHINGTON POST. 2 hours ago...
https://www.google.com/amp/s/beta.washingtonpost.com/business/2019/06/24/cbd-infused-food-beverages-are-still-illegal-under-us-law-so-why-are-they-everywhere/%3foutputType=amp
How is this board not active? This is about to explode!
https://www.google.com/amp/s/amp.benzinga.com/amp/content/13939604
HELP NEEDED
Polling votes needed, please visit this link and vote with your opinion on Phivida's recent $22M asset purchase.
$VIDA $PHVAF @Phivida - $22M asset purchase poll.
— GW (@Greenwillowfan) May 5, 2019
A. Buy unproven site of Wikala, give away 33% of company, dilute stock 50% w/ NO stakeholder protection if DTC fails @ 75X's market
B. ReNegotiate assets purchase & add performance clauses based on sales. Protect stakeholders
Nice little run here.
Lots of upside potential, imo
Just getting started.
Great to see it hold the majority of its recent gains.
Lots of catalysts in front of them.
US CBD... positioned for success.
Need them to execute.
Good things ahead. Have a great weekend!
I agree. I purchased this stock only because of the stellar management team.
Have they leaped to the spot of having the edge of first mover advantage? I'm not sure who currently holds this spot in the CBD infused drinks. Safeway should be a great start for them.
Phivida and Green Glass Global Announce U.S. Partnership with Oki Beverage Line Mar 20, 2019, 08:45 ET
https://www.newswire.ca/news-releases/phivida-and-green-glass-global-announce-u-s-partnership-with-oki-beverage-line-827003910.html
VANCOUVER and SAN DIEGO, CA, March 20, 2019 /CNW/ - Phivida Holdings Inc. (CSE: VIDA OTCQX: PHVAF) ("Phivida" or the "Company"), today has entered into a strategic partnership with Green Glass Global, a leading beverage brokerage firm specializing in on premise national accounts for the specialty drinks sector. The partnership will focus on placing Phivida's Oki beverages in premium hospitality outlets across the U.S.
"We are really excited to partner with Green Glass Global to represent our Oki beverage brand nationally in the on-premise channel," said Doug Campbell, Chief Commercial Officer at Phivida. "The on-premise channel represents a significant strategic opportunity for us to gain listings in the very best restaurants, hotels, gyms, cafes and bars in the country – all areas that are great opportunities to build trial and awareness for our Oki brand. Bob McLachlan and his team are some of the best in the business in this channel, and we are excited to be working with them in this exciting new category."
Green Glass Global is a beverage brokerage house that represents various well-known wine, spirit and specialty beverage brands in the U.S. The company's growing sales team provides national representation for its clients. Collectively, the team has more than 250 years of beverage sales experience, with well-established relationships with top multi-unit accounts, both small and large, throughout the United States.
"We have an incredibly diverse and talented collection of brokers on this team and we could not be more excited to represent Oki and help expose this extraordinary brand to some of the most important buyers in country," Said Bob McLachlan, National Sales Lead at Green Glass Global.
From national restaurant and hotel chains to cruise lines, drug stores, health clubs and military, the beverage team of Green Glass Global possess strong relationships that will open doors and leverage opportunities.
For more information on Phivida products, please visit www.feelOki.com and www.hempvidaplus.com
CBD Beverages – Possible Next Big Disruptor in the Drinks Industry
CannabisNewsWire Editorial Coverage: Drinks infused with cannabis-derived cannabidiol (CBD) are in a prime position to bring disruption to the beverage sector.
- The growing consumer interest in hemp-derived CBD as a health supplement along with the recent passing of the Farm Bill has spawned a growing interest in CBD-infused drinks.
- The ever-increasing global trend to legalizing cannabis is also creating demand for “harder” beverages derived from marijuana
- Big alcohol companies have taken a particular interest in investing in cannabis producers.
- The relationship is also working in an inverse direction, with CBD producers recruiting experienced beverage executives to help launch new products.
Corporate interest in building a cannabis-infused beverage profile demonstrates the level of potential growth for such an industry, with key developments being made across multiple channels. To address the needs of the wellness-oriented consumer, Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) (PHVAF Profile) has created a line of active hemp extract (CBD)-infused drinks that are just starting to hit store shelves and is expected to be distributed to a thousand retail outlets in Q2. In the adult beverage sector, Constellation Brands Inc. (NYSE: STZ) has made a $4 billion investment in Canopy Growth Corp. (NYSE: CGC) (TSX: WEED), fueling research into cannabis drinks which suggests a proactive approach to addressing the potential sales impact in markets where consumer use of marijuana is legal. The Canadian business unit of Molson Coors Brewing Company (NYSE: TAP) has also made a deal with a cannabis producer to create beverages for that market. In the health supplements sector, Charlotte’s Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB), which markets hemp-derived CBD oil, has recruited a former Coca-Cola executive to bring beverage sector expertise into the company.
To view an infographic of this editorial, click here.
The Changing Beverage Space
Beverages are among the most trend-driven of all food industry products with continuing innovations in packaging, flavors and formulations being made to drive consumer interest. Decades ago, store shelves consisted of a few cola and fruit-flavored drinks. Since then, there have been introductions of enhanced fruit juices, bottled iced teas and more recently energy drinks, which created an entirely new drink category. Consumer tastes have grown considerably as well, especially when considering the popularity of the fermented tea drink kombucha.
Now a fresh wave of innovation is on the cusp of altering the beverage industry. The growing interest in hemp-derived CBD as a health supplement along with the legalization of marijuana for medical and recreational use in several jurisdictions has led manufacturers to explore new products and expand their consumer base. This has led to the creation of a new product category — CBD-infused beverages.
The Rise of CBD Beverages
Few companies currently have a strong focus on CBD drinks. However, among those looking to take advantage of this market is Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF). Through its Oki brand of active-hemp, extract-infused waters and iced teas, Phivida is targeting health-conscious consumers who are looking for newer ways to enhance their well-being. Backed by its own market research, Phivida expects that introducing an attractive beverage formulated with the flavors and features most desired by this segment will have strong market acceptance.
Driving the growth of this new segment is the rocketing popularity of CBD as a health supplement. One of the many active ingredients in cannabis, CBD doesn’t produce a high in users, unlike cannabis’ more famous constituent, THC. While research into CBD is in its early stages, consumers are increasingly looking for products containing CBD to address a variety of health issues such as anxiety, pain, and immune health. This has been aided by the passing of the Farm Bill in December 2018 which legalized hemp — defined as a variety of the cannabis plant that contains less than 0.3 percent THC — and allows its production and sale in all 50 states. For companies such as Phivida, which process the hemp plant into their products, this has provided them with a significantly large market to grow into.
Launching into the CBD-infused Drink Market
Chances are that, within a decade, every store may have a CBD-infused drinks section. But currently, companies are entering new territory and strategizing the best steps that will lead to success.
A critical step some are taking is to reach into the established beverage industry to tap into seasoned expertise and leverage previous success. For example, hemp-derived CBD supplement producer Charlotte’s Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB) recently recruited former Coca-Cola executive Eugenio Mendez as its chief growth officer. The company has stated its strategy is to expand into new segments, and Mendez could provide vital experience for a move into beverages.
For Phivida, that process also started with finding the right people to manage the project. Last March, Jim Bailey and Mike Cornwell stepped in as new management at the company. Veteran executives from Red Bull, they brought with them large beverage company expertise in product formulation, package design, product distribution and marketing. Coming from the last company to truly innovate and trigger a widespread disruption in the beverage industry, the two executives look well-equipped to repeat that achievement at Phivida.
Another key step is designing a beverage that will have the most consumer appeal. To align with the sentiments of their target consumers, Phivida’s Oki brand flavored waters and iced teas contain non-GMO, natural and organic ingredients; are plant based and vegan friendly; and are packaged in sleek 100 percent recyclable glass containers. The flavor line-up, which includes Watermelon Relax and Lemon Ginger Harmony, are aligned with the current preferences of the health-conscious consumer. Phivida’s surveys have resulted in product testing scores as high as 80 percent from its sample group of 1,200 individuals for its OKI beverage.
The new leadership team has also put in significant effort to ensure that Oki has the distribution channels necessary to reach consumers. Company officials have been working with one of the nation’s largest grocery distributors and meeting with both national and regional chains to secure retail contracts. Several retail contracts are in development, and Phivida expects Oki to be available in more than 1,000 outlets by the second quarter of this year.
Beer Makes Its Cannabis Move
So far, one of the most significant moves by the beverage industry into cannabis has been made by Constellation Brands Inc. (NYSE: STZ). The company behind brands such as Corona beer and Svedka vodka has taken an active interest in the cannabis sector. Through two rounds of investment over the past two years, Constellation has provided $4 billion to Canopy Growth Corp. (NYSE: CGC) (TSX: WEED), one of Canada’s largest and most successful cannabis companies. This investment provides Constellation with one-third ownership of Canopy Growth and the potential to take that investment further.
Unsurprisingly, there has been a lot of speculation about how this money will be spent. Canopy Growth has been using its increased financial clout to expand its business from Canada into the United States. Canopy is establishing a production facility in New York State that, for now at least, will produce industrial hemp from which CBD can be extracted.
In another team-up between a brewer and a Canadian cannabis company, Molson Coors Brewing Company (NYSE: TAP) announced last summer that its Canadian arm would be working with the Hydropothecary Corporation on a joint partnership to produce cannabis-infused drinks in anticipation of the expansion of that country’s cannabis legalization. Cannabis beverages and edibles are expected to be made available by October 2019, and Molson will be positioned to serve that new sector once it is made legal.
The market for both CBD- and THC-based cannabis drinks has barely begun to take shape, but given the dramatic growth in the popularity of cannabis, it could become a major disruptor for the beverage industry over the next few years.
For more information on Phivida Holdings, visit Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF)
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Phivida Announces First Major Retailer for Oki Beverages in the U.S.
Canada NewsWire
VANCOUVER, SAN DIEGO and DENVER, March 14, 2019
https://www.otcmarkets.com/stock/PHVAF/news/Phivida-Announces-First-Major-Retailer-for-Oki-Beverages-in-the-US?id=221475
Thrilled to be exhibiting at #ExpoWest with @phivida and our latest #cbd creation, OKI. Let me know if you'll be at the expo and want to connect! Looking forward to helping attendees #feeloki!
https://www.feeloki.com/who-we-are
I guess that looks like a good start! But we shall see!
Phivida Monthly Update
February 2019
Dear Valued Shareholders,
This month’s update is brief – however, we are very much looking forward to a number of exciting initiatives underway that will be finalized and shared with you next month.
Retail Distribution Progress
Our Sales and Marketing team has been busy deep in discussions with a number of U.S.-based retailers and we’re excited to report that the conversations are on track for expected retail launch in April of this year. We’re also very close to finalizing multiple contracts with key distributors on the West Coast markets in the U.S. and with popular retail stores that align with our brand. I understand you must be frustrated with the continued slump in our share price but know that we are working hard to increase it – I am confident in this as things are moving ahead positively and believe the market will change quickly once these milestones are met soon enough.
Marketing & Social Update on Our Oki Beverage Line
As you may recall, world-class Hawaii-based surfer Malia Manuel recently wrapped the photoshoot with our Marketing team to showcase the new Oki beverage packaging. Since then, we’ve been working with our design team to select the best images, which are currently being re-touched, and will be pushed out across our social media channels for various promotion purposes. You can expect to see these images launched on our Oki social pages beginning early next month. Here is a sneak peak of two of the shots that were captured at the shoot.
Next week, the full Phivida Sales and Marketing team will be on site in Anaheim, California for Expo West (March 5 – 9), where we will be showcasing our newly designed Oki trade booth and allowing the many attendees to experience Oki products. Expo West is one of the largest natural products conventions on the West Coast and is set to attract around 100,000 retailers, distributors, wholesalers over the course of the week. We’re excited to be introducing Oki to such a large and influential audience.
Flora Research Laboratories Partnership Announced
You may have seen the press release that went out at the start of this week to announce our new partnership agreement with Flora Research Laboratories, which will strengthen our commitment to product testing and set the standard for our industry.
“We are really excited to be working with FRL as they share our same values when it comes to quality and transparency,” said Jim Bailey, President and CEO of Phivida. “We have set a very high standard for ourselves to ensure we deliver the best products in the market place. We always test the active raw ingredients for potency and contaminants – pre-and post-production – to ensure there is no product degradation during the production phase.”
Vida+ Sales and Web Traffic on the Rise
This month, we continued to see positive results from increased SEO efforts on our Vida+ site. Traffic has increased by 25% and revenue has increased significantly in the last 30 days. February was our best month yet in direct to business and consumer sales of Vida+ products. We also believe the new website currently in development will enhance e-commerce sales once live later this quarter.
As always, I would like to thank for you for your ongoing support and look forward to providing you with more good news.
Sincerely,
Jim Bailey, President and CEO
ABOUT Phivida Holdings Inc.
Phivida Holdings Inc. is headquartered in Vancouver, BC with operations in San Diego CA. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients that help best maintain overall health and balance in the human body. The company infuses organic active hemp extract into a variety of premium beverages and clinical products for everyday health. Phivida embraces and celebrates a return to organic, natural, plant-based foods and beverages, and a focus on holistic health and wellness. The mission is to help reduce the world's dependence on pharmaceuticals and provide food and beverage choices that allow customers to live a balanced, healthy lifestyle. For more information, visit phivida.com
For further information: Website www.phivida.com, Toll free +1 (844) 744-6646 (ext. #2), Email IR@phivida.com
Jim Bailey, President and CEO, Phivida Holdings Inc., +1 (844) 744-6646
Investor Relations: Craig MacPhail, NATIONAL Capital Markets, 416-586-1938, cmacphail@national.ca
Media Relations: Amie Lauder, NATIONAL Capital Markets, 416-586-1943, alauder@national.ca
SOURCE Phivida Holdings Inc.
Copyright © 2019 Phivida, All rights reserved.
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Is there anything thats suppose to be happening with this company in the coming months?
4 Companies Shaping The CBD-Infused Beverage Industry
$WTER $NBEV $PHVAF $VIDA $LOVE
https://globenewswire.com/news-release/2019/02/21/1739394/0/en/4-Companies-Shaping-The-CBD-Infused-Beverage-Industry.html …
Kind of looks like capitulation don't it?
Phivida comments on the successful passing of the 2018 Farm Bill
The 2018 Farm Bill substantiates the U.S. hemp industry and the viability of hemp-derived products
VANCOUVER and SAN DIEGO, CA, Dec. 20, 2018 - Phivida Holdings Inc. (CSE: VIDA OTCQX: PHVAF) ("Phivida"), is pleased to see the decision by the passing of the 2018 Farm Bill, which explicitly removes hemp from the purview of the Controlled Substances Act, and facilitates the commercial cultivation and production of industrial hemp in the United States. The explicit removal of hemp and hemp-derived products (including hemp-derived cannabidiol (CBD)) from the Controlled Substances Act, will assist in enabling the wider sale of hemp-derived products. Previously, the production and distribution of hemp in the U.S. had been conducted under the auspices of 2014 Farm Bill and state-level legislation in 41 states, which had provided a more limited scope of hemp production and sale.
"The passing of the 2018 Farm Bill clarifies hemp production and will bolster the growing acceptance of hemp-derived products containing CBD," said Jim Bailey, President and CEO. "In particular, we expect it will have a positive impact on both of our Vida+ brand (www.hempvidaplus.com) and Oki lifestyle brand of beverages, tinctures and capsules (www.feeloki.com), which provide a spectrum of non-psychoactive phytocannabinoids through infusion with active hemp extract. This legislation will be helpful as we engage with major retail chains and grow to have our product on shelves in all 50 states."
The 2018 Farm Bill also authorizes research and development funding for hemp production and includes hemp as an agricultural product eligible for support under the Critical Agricultural Materials Act. Other provisions in the bill make hemp producers eligible to participate in federal crop insurance programs.
"Consumers can expect an expansion of hemp-derived products available as a result of the R&D enabled in this legislation," added Mr. Bailey, "For Phivida, we will be watching for opportunities to enhance our brand and product offering as we strive to become a market leader."
ABOUT Phivida Holdings Inc.
Phivida Holdings Inc. is headquartered in Vancouver, BC with operations in San Diego, CA. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients that help best maintain overall health and balance in the human body. The company infuses active hemp extract into a variety of premium beverages and clinical products for everyday health. Phivida embraces and celebrates a return to organic, natural, plant-based foods and beverages, and a focus on holistic health and wellness. The mission is to help reduce the world's dependence on pharmaceuticals and provide food and beverage choices that allow customers to live a balanced, healthy lifestyle. For more information, visit phivida.com
SOURCE Phivida Holdings Inc.
For further information: Website www.phivida.com, Toll free +1 (844) 744-6646 (ext. #2), Email IR@phivida.com; Jim Bailey, President and CEO, Phivida Holdings Inc., +1 (844) 744-6646; Investor Relations: Craig MacPhail, NATIONAL Capital Markets, 416-586-1938, cmacphail@national.ca; Media Relations: Amie Lauder, NATIONAL Public Relations, 416-586-1943, alauder@national.ca
Phivida Announces Q4 2018 Corporate Business Update
NEWS PROVIDED BY
Phivida Holdings Inc.
07:00 ET
https://www.newswire.ca/news-releases/phivida-announces-q4-2018-corporate-business-update-700575402.html
WHAT A POS!! Complete idiots
Phivida adds Senior Vice President of Distribution to drive product growth in North America
https://www.newswire.ca/news-releases/phivida-adds-senior-vice-president-of-distribution-to-drive-product-growth-in-north-america-699388551.html?fbclid=IwAR0fE0lfD3lWctmCJQQJ3JXzcJf5JiU6PaoiOLx4JDA_9mhaPuJqYFdjCsg
Mr. McCauley has over 30 years' experience in the consumer products industry with major brands such as Jägermeister, Muscle Milk and Red Bull.
No love here today...could be a while before interest reemerges again.
Anyone buy any of their products? I just bought some phivida cannabis oil
I'm a buyer of dips and more dips...
GLTA
GW
How far will this stock fall? I kinda want to take out my money until it hits the bottom. What does everyone else think?
lots of hot air I guess...
.92 TO .52 IN 15 DAYS... WTF?
Straight dumpster fire on phvaf....geeeeeez
Sold my shares above .90
Gonna get back in here
The CBD drink space will be interesting to see how it sorts out. Everyone is jumping in for shelf space. From what I've seen, Phivida has the best label, by far. But, will it cost too much compared to others? I guess if you order a beer for $7 at a bar it's not crazy to get a $5 water with health/relaxation benefits.
Phivida has a great distribution partner. If anyone can build them shelf space, it's Acosta. The market cap is reasonable here in the early stages. Management has the pedigree, and they have cash. They shouldn't have to burn through the cash that fast, meaning they should have plenty over the next 6-12 months to see if their product takes hold.
Also, I assume Acosta is going to get Phivida's CBD oil/tinctures on shelves, and again, a huge positive. Everyone and their mother has CBD products and stores, so this will be key to get shelf space.
Vida has retraced the breakout about 95%. I have added back my position, but only about 1/3 of what I rode on the first ride. We'll see how this goes.
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