Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced that the company’s Form 211 has been approved by FINRA, and the approval to uplist to the OCTQX Best Market as a foreign issuer, with full Depository Trust Company (“DTC”) eligibility is now in process. Effective today, the company’s common shares began trading on the OTCQX under the symbol “PHVAF”. Overall, the uplisting will result in added service, value and convenience to USA investors while DTC eligibility streamlines and fast-tracks the settlement process of daily trades. “As a publicly traded company, with US operations, the United States is a critical market for both our products and our securities,” Phivida CEO and president Jim Bailey stated in the news release. “As we continue to build broad distribution of our products across the USA, graduating to the OTCQX enhances shareholder value through increased visibility and liquidity by attracting a broader range of retail and institutional investors.”
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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.
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