- U.S. midterm elections signal growing fortunes for cannabis industries with pro-cannabis voting, ouster of anti-cannabis attorney general
- Phivida among cannabis industry companies that enjoy stock boost in immediate wake of elections
- Phivida enthused by new FDA and DEA acceptance of natural cannabis in pharmaceuticals, which opens prospects for non-FDA administered products as well
- Company announces appointment of new senior vice president of distribution to optimize placement of its products in functional food and beverage markets
A rolling groundswell of progressive developments in the cannabis use seascape, driven by winds of change in North America’s political arenas, is underscoring the optimism of hemp-derived cannabinoid product maker Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) as the company builds its product line with a view on the industry’s horizon.
In the immediate aftermath of November’s midterm elections in the United States, market shares of cannabis-related companies, including Phivida, “traded broadly, and in many cases sharply higher” following activity that…
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