Hemp-cultivated cannabinoid innovator Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning provided a corporate update that reviewed completed milestones and ongoing strategic initiatives. Key highlights of the update include the company’s progress on retailer roll-out, new beverages, marketing materials and rebranded websites. Based on Phivida’s progress toward finalizing supply contracts with several national retailers, management is confident in an Oki product line retail launch across more than 1,000 outlets in early Q2 2019. In addition, a new Oki beverages production run is slated for March 2019 to support expected demand. The company also provided marketing and social initiatives for California and Hawaii, including updates on its new Feel-Oki campaign and completed and pending appearances at photo shoots and events. The release further included an update on the rebranding of the Oki and Vida+ websites. The newly-designed Oki e-store is expected to go live by the end of Q1 and offer a full product assortment of beverages and capsules, available for sale to consumers through direct distribution online. According to the update, the Vida+ B2B and e-commerce business continues to see increases in monthly revenue growth, and re-design of the Vida+ website is underway, with the intention to enhance site layout and search engine optimization for improved traffic and sales.
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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 the company’s website at www.Phivida.com
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