NEW YORK, Aug. 03, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces
the publication of an editorial featuring Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), a client of CNW focused on a mission to
lead the alternative health care sector as the benchmark standard in premium cannabinoid infused foods, beverages and clinical
products.
To view the full publication, titled “$1 Trillion Global Health and Wellness Sector Presents Growing Opportunities for
Cannabidiol Companies,” visit: http://cnw.fm/t5Qvw
One of the companies benefiting from this trend is Phivida
Holdings, Inc. (CSE:VIDA) (OTC:PHVAF). Phivida (pronounced “fii-vee-daa”) is a producer of premium hemp oil extracts
and capsules, the company provides health-conscious customers access to the benefits of CBD without unnatural chemicals. With a
new C-suite management team in place consisting of former senior executives of Red Bull, Proctor & Gamble, Labatt’s and the
former CEO of Seagram’s International, Phivida is now preparing to launch a CBD-infused beverage brand and has found a major
partner to work with to ensure this strategic move is successful.
Of course, CBD isn’t a magic product that will instantly give businesses success. Phivida’s achievements have been made
possible by a skilled management team with experience in the beverages sector.
This powerful team is committed to ensuring Phivida operates with a tight capital structure. The company has more than $15.5
million CAD in cash and no debt. Just over 60 million shares have been distributed or are outstanding. With a fully diluted total
of 71 million shares available, the company has ready access to approximately CAD $29 million in cash. With a strong leadership
team and financial foundations, Phivida has achieved the first crossover of CBD beverages into major national mainstream retail
distribution across the United States, as well as globally.
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”. For more information, visit the company’s website at www.Phivida.com.
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press
releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate
communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can
help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our
ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition
and content to the cannabis industry.
For more information please visit https://wwwCannabisNewsWire.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://CNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof.
In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking statements.
CNW Corporate Communications Contact:
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net
