Simplified Trading, Enhanced Liquidity and Added-Value for USA
Investors
VANCOUVER, July 30, 2018 /CNW/ - Phivida Holdings Inc.
("Phivida" or the "Company") (CSE: VIDA; OTCQX: PHVAF) is pleased to announce the approval of The Company's Form 211 by FINRA,
and the approval to graduate on to the OCTQX Best Market as a foreign issuer, with full DTC eligibility now in process. The
Company's common shares are scheduled to commence trading on the OTCQX under the symbol "PHVAF" effective July 30 th, 2018.
Graduation to the OTCQX Best Market provides added service, value and convenience to USA
investors, brokers and institutions seeking to trade "PHVAF" while DTC eligibility simplifies and accelerates the settlement
process of daily trades. The OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused U.S. and
international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance,
demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor
introduction.
Phivida shares are in process of Depository Trust Company (DTC) eligibility. DTC manages electronic clearing and settlement of
publicly traded companies across the United States and in 131 other countries. Trading
through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement
process. In the USA, DTC settles 1.4 million transactions daily, valued at approximately USD $600 billion.
Glendale Securities facilitated the quotation of Phivida's common shares on the OTCQX Best Market and will provide market
making services to act as a catalyst to enhance transparency and overall visibility for USA
investors. Phivida was sponsored for the OTCQX by Burns Figa & Will PC, a qualified third-party firm responsible for
providing guidance on OTCQX requirements and recommending membership.
"As a publicly traded company, with US operations, the United States is a critical market for
both our products and our securities," said Jim Bailey, Phivida's CEO and President. "As we
continue to build broad distribution of our products across the USA, graduating to the OTCQX
enhances shareholder value through increased visibility and liquidity by attracting a broader range of retail and institutional
investors."
About Phivida Holdings Inc.
Celebrating Health and Wellness, In Harmony™, Phivida's mission is to lead the alternative health care sector as the benchmark
standard in premium cannabinoid infused foods, beverages and clinical products. Using encapsulation technology, Phivida converts
phytocannabinoids into water soluble delivery format, enhancing bioavailability, and timed released within the body. Phivida's
encapsulated cannabinoids are 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. Phivida is traded on the Canadian Securities Exchange as "VIDA" and on the OTCQX Markets
as "PHVAF".
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SOURCE Phivida Holdings Inc.
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