“Tis the season” for investing in cannabis companies. With the sector having caught fire again in recent months, investor focus has returned to this space. Many of the established public companies have already had significant run-ups in share price. Investors seeking greater growth potential may prefer looking at earlier stage companies.
Just in time for Christmas, a new public cannabis company is announcing its IPO: Phivida Holdings Inc. (CSE:VIDA). Why Phivida?
Timing. The Company’s business model focuses on hemp-derived CBD products. The World Anti-Doping Association has recently revoked its ban on hemp-derived cannabidiol (CBD). Many investors now know that cannabinoids are natural substances that are found in the human body (as “endocannabinoids”), and are now considered to be essential to human health.
With WADA’s recent decision to embrace hemp-based CBD products as legitimate health supplements, this opens up Phivida’s diverse lines of CBD wellness products for use by elite-level athletes as well as ordinary users seeking fitness/wellness benefits. Close on the heels of WADA’s announcement, on December 11, 2017 the World Health Organization also weighed in on the subject of hemp-based CBD.
A WHO report notes “no adverse health outcomes but rather several medical applications for cannabidiol”. In comparison, many if not most of the new drugs produced by Big Pharma today and legally approved for our use have a plethora of adverse health outcomes attached to their usage. Phivida’s high-quality products are non-GMO, 100% Vegan, have no sugar, nuts, soy, or gluten additives, and are lab-tested and GMP certified.
On December 18, 2017, Phivida Holdings announced its IPO, trading on the CSE Exchange, with trading to commence on December 19th, under the symbol “VIDA”. The capital structure with respect to this Initial Public Offering consists of 14,375,000 units. Each unit consists of one common share and one-half common share purchase warrant.
Each whole warrant entitles the holder to acquire one additional common share at an exercise price of $0.75. Warrants remain valid for a period of 24 months from the closing date of the Offering, subject to an accelerator clause.
In addition to the Company’s product lines of hemp-infused juices, teas, and vitamin shots, Phivida also offers hemp oil extracts and tinctures. VIDA’s products will be marketed as functional foods and nutraceutical supplements. Phivida is aiming to capture a leadership share of the U.S. CBD hemp oil market.
In its press release, Phivida CEO John-David Belfontaine shared these thoughts:
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.
This “global stage” has recently gotten even larger. On November 28, 2017; Canada’s federal government announced the legalization of cannabis-infused foods and beverages on this side of the border. This opens up the Canadian market as well for VIDA’s hemp-infused products, as part of Canada’s move toward full legalization on July 1, 2018.
Proceeds from this IPO will be dedicated toward the full-scale manufacturing, marketing, and distribution of Phivida Nutrition and Phivida Enhanced products. These products will be marketed under the “Vida+” brand line.
While still an emerging sector, marijuana-based CBD products have already achieved significant market penetration as medicinal products, and (in some U.S. states) recreational products. However, both legal and attitudinal barriers remain for these products.
Hemp-based CBD products are both newer entrants to the sector and face less obstacles in penetrating North American and international markets. Phivida Holdings is a new public company poised to capitalize on these newest cannabis markets.
Legal Disclaimer/Disclosure:
Nothing in this publication should be considered as investment advice. Always consult a licensed financial advisor before making any investment decision. A fee was paid for the creation and distribution of this content and is neither an offer nor recommendation to buy or sell any security. The author(s) or 3rd parties may own shares in the mentioned securities, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this content as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Baystreet.ca has been compensated one thousand five hundred dollars for its efforts in distributing the Phivida Holdings article. Individuals should verify all information contained in this article with their own independent research and consultation with a registered investment advisor. Always be extremely careful, investing in securities which carry a high degree of risk; you may likely lose some or all of your investment.

Source: www.baystreet.ca


Strong Innovation Pipeline Continues to Drive Market Share Growth
Broken Coast’s First Foray into Cannabis 2.0
Solei Introduces First Limited Release Vape on the Market
Solei, RIFF, Good Supply and B!NGO Expand Product Offerings

Aphria Inc. (” Aphria ” or the ” Company “) ( TSX: APHA and NASDAQ: APHA ), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, today announced the expansion of its 510 Vape offering across its award-winning adult-use brand portfolio.

Keep reading... Show less

Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court before the December 1 2020 DEADLINE . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=aurora-cannabis-inc&id=2437 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

Keep reading... Show less

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (“Nextleaf Solutions“, “OILS”, or the “Company”), Canada’s most innovative cannabis extractor, is pleased to provide the following commercial and intellectual property update:

Cannabis Extraction Agreement with White Label Producer

Keep reading... Show less

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Khiron Life Sciences Corp. (“ Khiron ” or, the “ Company ”) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe, is pleased to announce that it has closed today its previously announced “bought deal” short form prospectus offering of units (“ Unit s ”), including the exercise in full of the over-allotment option (the “ Offering ”).

Keep reading... Show less

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”), an innovative global cannabinoid company, today announced that Mike Gorenstein, Executive Chairman, is scheduled to speak on a panel at the Cowen 2020 Boston Cannabis Conference on Wednesday, December 2, 2020 at 9:20 a.m. EST.

For more information regarding the Cowen 2020 Boston Cannabis Conference please visit: https://www.cowen.com/conferences-and-events/3rd-annual-boston-cannabis-conference/

Keep reading... Show less