- Phivida’s
vision is to help lessen the world’s dependence on pharmaceuticals
- The
company comprises two main brands
- Phivida
recently talked about the removal of CBD from Schedule 1 of the Controlled
Substances Act
Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is a
premium functional food and beverage company. Its focus is whole plant
nutrition and natural ingredients. As a result, it infuses organic active hemp
extract into an array of premium foods, beverages and clinical products.
Phivida’s corporate mission is to help reduce the world’s dependence on
pharmaceuticals and provide healthy food and beverage choices. Phivida is
headquartered in Vancouver, British Columbia, and has its U.S. office in San
Diego, California.
Phivida’s business model consists of two main brands – Vida+
and Oki. Vida+ focuses on providing premium, clinical grade full spectrum hemp
oil extracts and capsules that are distributed across the U.S. through
alternative health care clinics. Oki is the company’s newly launched lifestyle
brand of functional beverages and supplements infused with active hemp extract
and will be available to consumers in up to 2,400 natural specialty store
locations within the U.S.
Recently, Phivida Holdings talked about the removal of
cannabidiol (CBD) from the U.S. Drug Enforcement Administration’s Schedule 1
list of controlled substances. In a news release, Jim Bailey, president and
chief executive officer of Phivida, said, “We see this reclassification of CBD
in pharmaceuticals as a good sign that will bolster the growing awareness of
CBD as a substance that delivers many benefits, and opens the door for other
CBD-based treatments, in line with the recent FDA approval of a drug to treat
childhood epilepsy.”
The expectation is that the cannabidiol industry will grow
to $2 billion by 2022 (http://ibn.fm/Yml4a).
New Frontier Data noted that, “The U.S. CBD market is primed for expansive growth
across its three primary sectors, hemp-derived CBD, marijuana-derived CBD and
pharmaceutical CBD.” Phivida Holdings is leveraging this growth with its
innovative new products designed with the discerning consumer in mind. The
company’s initiatives, by way of its three subsidiaries, have Phivida on course
for exponential growth in a fast-developing sector.
For more information, visit the company’s website at www.Phivida.com
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