NetworkNewsBreaks – Phivida Holdings Inc. (CSE:
Post# of 29
Hemp-cultivated cannabinoid innovator Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning provided a corporate update that reviewed completed milestones and ongoing strategic initiatives. Key highlights of the update include the company’s progress on retailer roll-out, new beverages, marketing materials and rebranded websites. Based on Phivida’s progress toward finalizing supply contracts with several national retailers, management is confident in an Oki product line retail launch across more than 1,000 outlets in early Q2 2019. In addition, a new Oki beverages production run is slated for March 2019 to support expected demand. The company also provided marketing and social initiatives for California and Hawaii, including updates on its new Feel-Oki campaign and completed and pending appearances at photo shoots and events. The release further included an update on the rebranding of the Oki and Vida+ websites. The newly-designed Oki e-store is expected to go live by the end of Q1 and offer a full product assortment of beverages and capsules, available for sale to consumers through direct distribution online. According to the update, the Vida+ B2B and e-commerce business continues to see increases in monthly revenue growth, and re-design of the Vida+ website is underway, with the intention to enhance site layout and search engine optimization for improved traffic and sales.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer