- Lexaria enters agreement with Biolog for Lexaria’s DehydraTECH™ technology in return for royalties on sales revenue and licensing fees
- Biolog has exclusive rights to use the Lexaria technology for its particular applications for five years
- Lexaria is the only company worldwide with patent issued for oral delivery CBD and all other non-psychoactive cannabinoids
Based in Kelowna, British Columbia, Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) announced on February 27, 2018, its entry into a technology licensing agreement with Biolog, Inc. for the provision of Lexaria’s patented DehydraTECH™ technology (http://cnw.fm/pY0oG). Lexaria’s proprietary technology will be used in the formulation of a unique range of next-generation Biolog food and beverage cannabis infusion products to be sold in the United States.
California-focused Biolog (a Utah company, not to be confused with a California cell phenotyping company of the same name) has its own patented technologies for a unique line of dissolvable infusion products designed for precise per-unit ingredient dosing and ease of use. The company plans to integrate Lexaria’s DehydraTECH™ delivery technology in products of this type. Biolog’s new product range will include…
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