- Active investigation phase in the EU, Canada, China, Japan and India
- Forming four new wholly owned subsidiaries
- Seeks to acquire an equitable tax treatment
Cannabinoids are poorly absorbed by the body’s gastrointestinal tract, a trait that Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) lipophilic enhancement technology DehydraTECH™ is changing. Previously, consumers have turned to cannabis smoking to achieve higher effectiveness. However, human clinical studies have shown DehydraTECH™ to have a quick rate of absorption, allowing users to avoid the risks associated with smoking. DehydraTECH™ offers improved taste and smell, with effects felt within 15 to 20 minutes as opposed to the 60-120 minutes associated with traditional ingestion methods. This edible technology is patent-protected for CBD and all other cannabinoids, with the potential to revolutionize additional industries.
Lexaria is a biotechnology company that out-licenses its disruptive delivery technology promoting healthier ingestion methods. The company is the only one worldwide that has patents in the U.S. and Australia, with more pending in 40 countries for improved delivery of all non-psychoactive cannabinoids. The technology is in the active investigation phase in the EU, Canada, China, Japan and India.
DehydraTECH™ applies to far more than cannabinoids and is patented or patent-pending for use with a broad range of bioactive molecules. Last year, the company received its first patent on nicotine, ibuprofen and aspirin delivery in the U.S. This enabling technology has far-reaching implications and can be used to improve existing products or create new ones.
Currently, the company is forming four new wholly owned subsidiaries, one each for the pharmaceutical, nicotine, hemp and cannabis industries. Each subsidiary will take full advantage of DehydraTECH™ patent absorption technology and its applications to the related industry sector. In a recent Uptick Newswire podcast interview, Chris Bunka, CEO of LXRP, indicated that up to 80 percent of total revenue for the company will come from licensing deals (http://nnw.fm/c14G1). Creating subsidiaries for separate industry sectors is expected to greatly assist in the research and development and financial growth of LXRP.
Previous plans to convert the company from being U.S.-based to Canada-based have been put on hold as the company seeks to acquire an equitable tax treatment following news that some shareholders may be adversely affected by punitive taxes upon the conversion.
For more information, visit the company’s website at www.LexariaBioscience.com
More from NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information please visit https://www.NetworkNewsWire.