Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Riding High on Potential Cannabis, Nicotine Uses of Patented Technology

October 8, 2019 10:54:55
  • Lexaria Bioscience is helping to revolutionize efforts to provide common drug substances in an ingestible method that avoids unhealthy practices such as inhaled smoking or vaping
  • Lexaria’s DehydraTECH platform works to deliver the chemical compounds to the blood stream at speeds comparable to inhalation methods, providing the means for discrete use and avoiding frustrating waits for users with dependencies
  • The company recently obtained a patent in Australia that recognizes DehydraTECH not only as a food and beverage platform, but also as a potential means of pharmaceutical use for combatting select illnesses
  • As Canada prepares to introduce legalization of cannabis food and beverage products next month, analysts forecast a market worth $2.7 billion a year for edibles and alternative cannabis products, with extract products including edibles comprising 60 percent of the total

As Canada prepares to roll out its ‘Cannabis 2.0’ wave of product legalization focused on edible and drinkable forms of the plant’s core ingredients less than a month from now, with the products themselves hitting store shelves beginning in December, analysts are anticipating a consumables market rife with opportunity for innovation. Deloitte predicts the Canadian market for edibles and alternative cannabis products alone will be worth $2.7 billion annually, and that cannabis extract-based products including edibles will make up nearly 60 percent of that amount at $1.6 billion (http://cnw.fm/Mh0U0).

Bioactive technology innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is preparing to make its presence known in this new marketplace, building on a relationship forged with alcohol-free beer, wine and adult format beverage maker Hill Street Beverage Company Inc. (TSX.V: BEER) to present its…

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