Phivida Holdings Inc. Announces Closing of $8.0 Million Bought Deal Financing
Summary
Using nanoencapsulation technology, Phivida converts phytocannabinoids into water soluble delivery format, enhancing bioavailability, and timed released within the body. Phividas 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. Although such statements are based on managements reasonable assumptions, the Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. When used in this news release, words such as will, could, plan, estimate, expect, intend, may, potential, believe, should, and similar expressions, are forward- looking statements.Although Phivida has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: the inability to complete the Offering on the timeline or on the terms set out herein, a change in the use of proceeds of the Offering, the inability to obtain the necessary regulatory and stock exchange approvals, changes in laws, a change in management, the inability to obtain additional financing, increased competition, hindering market growth and consumer adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and, regulatory or political change.There can be no assurance that such information will prove to be accurate or that managements expectations or estimates of future developments, circumstances or results will materialize.