STOCK TITAN

Endovia raises $500K for CannEpil vet drug push

Endovia Health Sciences secures an initial $500,000 in secured convertible debt to advance CannEpil® amid growing federal focus on botanical drug development.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Endovia Health Sciences, Inc. (EDVA) closed $500,000 of initial secured convertible debt funding from C/M Capital Master Fund, LP, representing the first tranche of a previously announced $1 million investment commitment linked to its exclusive global licensing agreement for the cannabinoid pharmaceutical candidate CannEpil®.

The new capital is intended to support development and commercialization of CannEpil®, including an FDA-regulated veterinary program for management of cancer-related pain in companion animals and international commercialization initiatives. The U.S. FDA Center for Veterinary Medicine has already opened INAD File No. 14145 for CannEpil®, formally starting the investigational veterinary drug process.

Endovia highlights growing federal focus on botanical and plant-derived medicines, citing an FDA initiative on botanical drug development and proposed House bill H.R. 10150, which would grant qualifying botanical drugs approved under Section 505(b)(1) a 12-year market exclusivity period. The company views this policy momentum as supportive of its broader cannabinoid health sciences strategy.

Positive

  • Endovia secured $500,000 of initial secured convertible debt as part of a $1 million commitment from C/M Capital, providing fresh capital to advance CannEpil® development and commercialization.
  • The FDA Center for Veterinary Medicine has opened INAD File No. 14145 for the CannEpil® veterinary program, formally initiating the FDA investigational veterinary pharmaceutical review process.

Negative

  • None.

Filing Explained

The $500,000 debt is closed, but the September 22 filing leaves conversion, repayment, and potential share effects unquantified.

Form 8-K reports the company’s September 22 closing of $500,000 of secured convertible debt, the first tranche of a previously announced $1 million commitment. The funding is closed and adds capital for CannEpil® development and commercialization, while the filing leaves any effect on shares unquantified.

The filing identifies the instrument as debt and convertible, but does not state its conversion price, maturity, interest, detailed security terms, or potential share count. Dilution and repayment economics therefore cannot be sized from this disclosure.

At June 30, 2026, Endovia reported $242,702 of cash and equivalents, alongside the closed $500,000 financing. That cash balance equals 20.2 days of the last reported quarterly operating cash use at that rate.

The specific unresolved item is the financing’s conversion and repayment mechanics; a later financing disclosure or filing would be needed to establish them.

Sources and calculations
  • Available liquidity against the last reported quarterly operating outflow, in days at that rate $242,702 / ($1,091,680 / 91) = 20.2 days
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Initial secured convertible debt funding $500,000 First tranche of CannEpil®-related financing from C/M Capital Master Fund, LP
Total C/M Capital investment commitment $1 million Aggregate commitment previously announced in connection with CannEpil® licensing agreement
INAD file number 14145 Investigational New Animal Drug file for CannEpil® veterinary development program
Market exclusivity period in H.R. 10150 12 years Proposed exclusivity for qualifying botanical drugs approved under Section 505(b)(1)
Bill number H.R. 10150 Advancing Botanical Drug Development Act of 2026 introduced in the U.S. House
Bill introduction date August 27, 2026 Date Representatives Lauren Boebert and Derrick Van Orden introduced H.R. 10150
secured convertible debt financial
"closed $500,000 of initial secured convertible debt funding from C/M Capital"
Secured convertible debt is a loan or bond that is backed by specific company assets and can be exchanged for company shares under set terms. For investors, it combines the relative safety of a secured loan—where certain assets can be claimed if the company fails—with the upside of converting to stock, so it affects both the company’s default risk and potential share dilution; think of it like a mortgage that can later be swapped for ownership stakes.
Investigational New Animal Drug regulatory
"established Investigational New Animal Drug (“INAD”) File No. 14145 for the CannEpil"
A regulatory status that lets a company legally test a new animal drug in clinical trials before it can be approved and sold. Think of it as a temporary, closely supervised permit to study safety and effectiveness in animals; for investors it signals an early but regulated step in a product’s development timeline, with potential value if trials succeed and risks while data and approvals are still pending.
botanical drug development regulatory
"initiative seeking public input on opportunities to advance botanical drug development"
market exclusivity regulatory
"would provide qualifying botanical drugs approved through the FDA’s Section 505(b)(1) pathway with a 12-year period of market exclusivity"
Market exclusivity is a limited legal protection that prevents rivals from selling the same drug or product for a set time, even if others could otherwise make a copy. It’s like a temporary shop window reserved for one seller, giving that company sole access to customers for that product. For investors, exclusivity can mean predictable sales and higher profit margins during the protected period, and the impending end of exclusivity is a key risk factor.
cannabinoid health sciences medical
"a cannabinoid health sciences company focused on building a diversified platform"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing did Endovia Health Sciences (EDVA) announce in this 8-K?

Endovia closed $500,000 of initial secured convertible debt funding from C/M Capital Master Fund, LP. This represents the first tranche of a previously announced $1 million investment commitment tied to Endovia’s exclusive global licensing agreement for the cannabinoid pharmaceutical candidate CannEpil®.

How will EDVA use the new $500,000 CannEpil® financing?

The $500,000 financing is intended to provide additional capital to advance CannEpil® development and commercialization, including Endovia’s FDA-regulated veterinary development program for cancer-related pain in companion animals and international commercialization initiatives for CannEpil®.

What regulatory milestone has CannEpil® achieved according to EDVA?

The U.S. FDA Center for Veterinary Medicine has established Investigational New Animal Drug (INAD) File No. 14145 for CannEpil®. This formally initiates the FDA regulatory process for CannEpil® as an investigational veterinary pharmaceutical product.

What federal policy development does EDVA highlight around botanical drugs?

Endovia highlights proposed bill H.R. 10150, the Advancing Botanical Drug Development Act of 2026, which would provide qualifying botanical drugs approved under Section 505(b)(1) with 12 years of market exclusivity, as well as an FDA initiative seeking input on advancing botanical drug development.

What is Endovia Health Sciences’ (EDVA) strategic focus?

Endovia describes itself as a cannabinoid health sciences company focused on building a diversified platform spanning pharmaceutical development, FDA-regulated human and veterinary therapeutics, international pharmaceutical commercialization, and cannabinoid-based wellness products, with CannEpil® as a key differentiated pharmaceutical cannabinoid asset.

How is EDVA initially targeting CannEpil® in the veterinary market?

Endovia is initially pursuing CannEpil® for the management of cancer-related pain in companion animals, beginning with canine oncology. It is working with veterinary development partner Lupvindol Biosciences Ltd. to move the program through the applicable FDA regulatory process.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 22, 2026

 

ENDOVIA HEALTH SCIENCES, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-40471   34-1720075

(State or other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1112 N. Flagler Drive

Fort Lauderdale, Florida

  33304
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (954) 648-7238

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value   SBEV   NYSE American LLC

 

 

 

Item 7.01 Regulation FD Disclosure

 

On September 22, 2026, Endovia Health Sciences, Inc. (the “Company”) issued a press release announcing certain developments. A copy of the press release is furnished as Exhibit 99.1 of this Current Report on Form 8-K.

 

The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under such section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit   Description
99.1   Press Release dated September 22, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ENDOVIA HEALTH SCIENCES, INC.
     
Date: September 22, 2026 By: /s/ Brady Cobb
  Name:  Brady Cobb
  Title:  Interim Chief Executive Officer

 

 

 

 

 

EXHIBIT 99.1

 

Endovia Health Sciences Closes Initial $500,000 Financing to Accelerate CannEpil® Development Amid Growing Federal Support for Botanical Drug Pathways

 

Initial funding represents first tranche of previously announced $1 million C/M Capital commitment supporting CannEpil® development and commercialization

 

Financing comes as FDA and Congress increase focus on advancing and incentivizing regulated development of botanical and plant-derived medicines

 

FORT LAUDERDALE, Fla. — September 22, 2026 — Endovia Health Sciences, Inc. (NYSE American: EDVA) (“Endovia” or the “Company”), a cannabinoid health sciences company, today announced that it has closed $500,000 of initial secured convertible debt funding from C/M Capital Master Fund, LP (“C/M Capital”), representing the first tranche of the aggregate $1 million investment commitment previously announced in connection with the Company’s exclusive global licensing agreement for CannEpil® with Argent BioPharma Limited.

 

The financing provides additional capital to advance the development and commercialization of CannEpil®, including Endovia’s U.S. FDA-regulated veterinary development program and international commercialization initiatives.

 

C/M Capital’s commitment to the $1 million investment was previously announced in connection with Endovia’s acquisition of exclusive worldwide rights to CannEpil®. C/M Capital committed capital to support regulatory advancement, clinical development planning and commercialization of the product.

 

“When we acquired the global rights to CannEpil, we laid out a clear strategy: secure a differentiated pharmaceutical cannabinoid asset, capitalize the program, advance it through established regulatory pathways and build a broader cannabinoid health sciences platform around it,” said Brady Cobb, Interim Chief Executive Officer of Endovia Health Sciences. “With this initial funding now closed, we are putting capital directly behind that strategy at what we believe is an increasingly important time for cannabinoid science and federal regulatory policy.”

 

Advancing CannEpil® Through Established FDA Pathways

 

The financing follows a series of milestones for Endovia’s CannEpil® development program.

 

The U.S. Food and Drug Administration’s Center for Veterinary Medicine previously established Investigational New Animal Drug (“INAD”) File No. 14145 for the CannEpil® veterinary development program, formally initiating the FDA regulatory process for development of CannEpil® as an investigational veterinary pharmaceutical.

 

Endovia is initially pursuing CannEpil® for the management of cancer-related pain in companion animals, beginning with canine oncology, and is working with Lupvindol Biosciences Ltd., its veterinary development partner, to advance the program through the applicable FDA regulatory process.

 

 

 

The Company also continues to pursue international commercialization opportunities for CannEpil® and evaluate additional cannabinoid formulations and intellectual property for potential licensing, acquisition or strategic collaboration.

 

Federal Momentum Toward Botanical Drug Development

 

Endovia believes its investment in cannabinoid pharmaceutical development is occurring against an increasingly constructive federal backdrop for the scientific development of botanical and plant-derived medicines.

 

The FDA recently launched an initiative seeking public input on opportunities to advance botanical drug development in the United States, including regulatory challenges facing botanical drug developers, innovative approaches to accelerate development, potential updates to FDA guidance and resources, quality standards and clinical study design. The initiative builds upon the FDA’s existing botanical drug regulatory framework, under which plant-derived products may be developed through established FDA drug-approval pathways. FDA materials addressing drug development from the cannabis plant have also identified the Agency’s botanical drug guidance as applicable to the use of botanicals, including cannabis, as sources for drug development.

 

Congress is also considering new incentives intended to encourage investment in FDA-regulated botanical medicines. On August 27, 2026, Representatives Lauren Boebert and Derrick Van Orden introduced H.R. 10150, the Advancing Botanical Drug Development Act of 2026, which was referred to the House Committee on Energy and Commerce. The proposed legislation would amend Section 505 of the Federal Food, Drug, and Cosmetic Act to provide qualifying botanical drugs approved through the FDA’s Section 505(b)(1) pathway with a 12-year period of market exclusivity, during which certain subsequent applications relying upon the approved botanical drug could not become effective.

 

In its findings, H.R. 10150 recognizes both the scientific potential and unique development challenges associated with botanical medicines and states that existing intellectual-property and regulatory-exclusivity frameworks may provide insufficient incentives for private investment in botanical drug research and development. The legislation expressly seeks to encourage the development and approval of evidence-based, FDA-regulated botanical drugs while maintaining the safety and effectiveness standards applicable to other FDA-regulated drugs.

 

We believe these developments are significant for the broader cannabinoid sciences industry, Cobb said. The FDA already has an established regulatory framework for botanical drug development, and cannabis has been recognized within the Agencys botanical drug development materials. We are now seeing renewed attention from both FDA and Congress around how sophisticated plant-derived medicines can be developed, evaluated and ultimately brought to market through rigorous, science-based regulatory pathways.

 

Cobb continued, “The proposed 12-year exclusivity period is particularly noteworthy because access to capital and protection of the substantial investment required for pharmaceutical development are critical to building viable programs around complex plant-derived medicines. While H.R. 10150 remains proposed legislation, we believe its introduction, together with FDA’s renewed focus on botanical drug development, reflects meaningful federal attention to creating an environment capable of supporting greater scientific and private-sector investment in this area.”

 

 

 

About Endovia Health Sciences

 

Endovia Health Sciences, Inc. (NYSE American: EDVA) is a cannabinoid health sciences company focused on building a diversified platform across pharmaceutical development, FDA-regulated human and veterinary therapeutics, international pharmaceutical commercialization and cannabinoid-based wellness products.

 

Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of applicable federal securities laws, including statements regarding the development and commercialization of CannEpil®; the intended use and anticipated benefits of financing proceeds; future funding; FDA and other regulatory activities; potential changes in federal laws, regulations and policies affecting botanical drugs, cannabis and cannabinoids; plans and expectations for commercialization efforts including for veterinary uses and U.S. and international commercialization; potential licensing and acquisition opportunities; and the Company’s strategy to develop and expand its cannabinoid health sciences platform.

 

Forward-looking statements are based on current expectations, estimates, projections and assumptions and involve risks and uncertainties that could cause actual results to differ materially. These risks include the Company’s ability to obtain additional financing; successfully develop, obtain regulatory authorization for and commercialize CannEpil® or other products; maintain its rights under applicable license agreements; the enactment, implementation or impact of proposed legislation or regulatory initiatives; the occurrence of greater scientific and private-sector investment in botanical drug pathways, our ability to identify and consummate licensing, acquisition or strategic transactions; comply with NYSE American continued listing standards; and successfully execute our business strategy, our ability to complete required studies, establish product safety and efficacy, obtain and maintain regulatory authorizations, the risk that competitors market the same or similar products, our ability execute commercialization or strategic-partnering arrangements, the risk that that the market or demand for any resulting product we seek to commercialize in the future could be less than expected or projected, our ability to meet our debt obligations and the negative financial and operational consequences of failing to do so, the possibility that our expectations and perceived benefits with respect to our business and product development plan and strategic transactions we may pursue prove to be incorrect, and risks with respect to our ability to negotiate and execute definitive agreements, satisfy closing conditions, obtain required approvals with respect to any such strategic transaction. There can be no assurance that the Company’s goals and milestones will be achieved, that the Company or its collaborators will receive or maintain necessary regulatory authorizations or that any initiative will ultimately generate revenue.

 

There can be no assurance that additional funding will be received, H.R. 10150 or other proposed legislation will be enacted in its current form or at all, regulatory policies will change, regulatory or commercialization milestones will be achieved, or any product or initiative will ultimately generate revenue. Additional risks are described in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, the Form S-1 filed on August 7, 2026, as amended, and the final prospectus filed pursuant to Rule 424(b)(3) on August 28, 2026.

 

Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise any such statements whether as a result of new information, future events or otherwise, except as required by applicable law.

 

Investor Contact
Endovia Health Sciences
investors@endoviasciences.com

 

Media Contact
Angela Gorman
AMWPR
angela@amwpr.com
917-348-0083

 

 

 

Filing Exhibits & Attachments

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