Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Holds Key Position as Edible Cannabis Market Opens Wide

January 9, 2020 12:50:59
  • Canada’s first nationally legal cannabis-infused edible products began hitting store shelves December 17, vastly broadening the market for products using the plant’s extracts
  • Lexaria Bioscience has dedicated years of research to the development of its proprietary DehydraTECH technology, designed to enhance the effectiveness of orally consumed drug products such as cannabis as well as nicotine
  • Testing of Lexaria’s 2.0 version of its DehydraTECH technology shows enormous improvement in the speed of payload delivery to the bloodstream, as well as the potential for delivering drugs across the body’s largely impenetrable blood-brain barrier to the central nervous system

Canada’s regulatory innovations in making cannabis products accessible nationwide for both therapeutic and recreational purposes have led to this year’s ‘Cannabis 2.0’ national rollout of laws for a new edible cannabis-infused market. Cannabis edibles, extracts and topicals became legal in October pending a 60-90-day regulatory approval process for product applications, and that timeline resulted in the first legal edibles becoming available December 16 (http://cnw.fm/eM5CQ), just in time for Christmas, subject to retailers’ delivery schedules.

Oral drug product innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is well situated to take advantage of the market arising from Canada’s sweeping legal changes, as well as the burgeoning market for infused edibles in select states within the United States. Lexaria’s own ‘2.0’ version of its patented DehydraTECH™ oral drug delivery technology has shown an ability in lab animal testing to deliver 811 percent more…

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