CannabisNewsAudio Announces Audio Press Release (APR) on Phivida Holdings Inc. Cultivating Opportunity in a Rising CBD Market

New York, New York--(Newsfile Corp. - August 6, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled “$1 Trillion Global Health and Wellness Sector Presents Growing Opportunities for Cannabidiol Companies,” featuring Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF).

To hear the CannabisNewsAudio version, visit http://cnw.fm/hlJ0U

To read the full editorial, visit http://cnw.fm/t5Qvw

Phivida recently announced a groundbreaking exclusive national agreement with Acosta, Inc., a sales and marketing leader for the consumer-packaged goods industry in the United States, to distribute Phivida’s products, including the new beverage. Distributed through Acosta’s Natural Specialty Sales (NSS) division, Phivida’s drinks will be the first CBD hemp brand to cross over into the national mainstream distribution system in the states.

Making the most of this shift, Phivida is focusing on establishing an international presence. The deal with Acosta will provide distribution into a network of more than 27,000 U.S. retail outlets. In Canada, the company has created a joint venture with WeedMD to be the first to market with one of the first-ever federally legal cannabis beverage manufacturing facilities in the world — a major milestone.

A deal with Namaste Technologies means Phivida products open the European Union and United Kingdom markets, while another deal with Asayake provides new opportunities for distribution in Japan. These partnerships have helped establish Phivida as the fastest-growing brand in CBD foods and beverages just as that market appears ready to take off.

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 CanadianSecurities 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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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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