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Phivida Holdings Inc. (C:VIDA)

Business Focus: Special Foods & Welbeing Products

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEDAR
Company Contact
Address: 555 Burrard Street, 16th Floor,
Tel: N/A
IR: See website
Key People
Peter Simeon
Chairman of the Board
James Bailey
President, Chief Executive Officer, Director
Carmelo Marrelli
Chief Financial Officer
Greg McCauley
Senior Vice President - Distribution
Michael Cornwell
Chief Marketing Officer
George Kovalyov
Vice President - Finance and Administration
John David Belfontaine
Vice President - Corporate Development, Director
Kyle Johnston
Vice President - Business Development
Douglas Campbell
Chief Commercial Officer
Business Overview
Phivida Holdings Inc Phivida is a Canada-based brand of cannabidiol (CBD) infused functional foods, beverages and clinical products that is poised for global distribution. Using nanoencapsulation technology, The Company converts lipid based cannabinoids into water soluble delivery format enhancing prospective bioavailability and timed released within the body. The Company's nanoencapsulated CBD is infused into CBD beverages which contain a blend of phytonutraceuticals targeting key health benefits. Phivida's aims its investments in the alternative health sector while advancing education and research and investing back into communities.
Financial Overview
For the nine months ended 30 June 2019, Phivida Holdings Inc revenues increased from C$19K to C$103K. Net loss increased 6% to C$6.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Salaries and benefits increase from C$271K to C$1.4M (expense), Advertising increase of 46% to C$1.7M (expense), Travel increase from C$169K to C$415K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.12M as of Jun 30, 2019
EBITDA (TTM): -$9.93M as of Jun 30, 2019
Net annual income (TTM): -$9.98M as of Jun 30, 2019
Free cash flow (TTM): -$7.65M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 88,633,717 as of Jul 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization