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Press Release

OTC Markets Group Welcomes Phivida to OTCQX

OTC Markets Group
Posted on: 31 Jul 18

NEW YORK, July 30, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Phivida Holdings Inc. (CSE: VIDA; OTCQX: PHVAF), a company specializing in the alternative health care sector, has qualified to trade on the OTCQX® Best Market.  Phivida upgraded to OTCQX from the Pink® market.

Phivida begins trading today on OTCQX under the symbol "PHVAF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"Trading on OTCQX will enable Phivida Holdings Inc. to efficiently provide their U.S. investors with current information and transparency," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We are pleased to welcome Phivida to our Best Market and look forward to supporting the company as it builds long-term shareholder value."

"As a publicly traded company, with US operations, the United States is a critical market for both our products and our securities," said Jim Bailey, Phivida's CEO and President.  "As we continue to build broad distribution of our products across the USA, OTCQX provides an opportunity for our U.S. share activity to increase in tandem." 

Phivida was sponsored for OTCQX by Burns, Figa & Will, P.C., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership. 

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.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Media Contact:

OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

Editor's Details

Mike Wood
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 31/07/2018

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