Hemp-cultivated cannabinoid innovator Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) is poised to benefit from recent, progressive developments in the cannabis space. An article discussing the company reads, “Among the forces driving the exuberance were news that Michigan had become the tenth state (plus Washington, DC) to legalize recreational marijuana use and that medicinal marijuana extract use won over voters in Utah and Missouri, solidly securing more than half of U.S. states in the medical use camp despite ongoing disdain at the federal level. … But even the federal government has been signaling a slow U-turn on its prohibition of cannabis use. Congressional legislators have been preparing to deregulate hemp cultivation in the agricultural industry, and the House of Representatives’ swing toward the Democratic camp in the elections likely assures that it will happen in the near future, if agreements stall this year. Cannabis advocates also celebrated the ouster of Attorney General Jeff Sessions, the nation’s top law enforcement official, noted for his opposition to cannabis legalization, following the elections.”
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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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