- Lexaria will license in any of the 40 countries where its technology already has a patent or is patent-pending
- Company sees up to 80 percent of its future revenues coming from licensing DehydraTECH proprietary ingestion delivery technology
- DehydraTECH™ has applications for processed foods, tobacco industry, pharmaceutical companies, NSAIDs, supplements and beverages
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has a wide variety of licensing applications for its patented DehydraTECH™ delivery technology. It is already licensed to Nuka Enterprises LLC, maker of “1906” brand cannabis chocolates (http://nnw.fm/kCdm2). Chris Bunka, CEO, emphasizes that his company’s technology applies to far more than just the cannabis industry (http://nnw.fm/N6LOm), with the company indicating that it is also applicable to nicotine, NSAIDs, beverages, drugs and vitamins. LXRP forecasts that up to 80 percent of its total revenue could stem from licensing deals, the CEO added in a podcast interview with Uptick Newswire (http://nnw.fm/c14G1).
Based in British Columbia, Canada, LXRP is a biotechnology company that out-licenses its disruptive delivery technology that promotes healthier ingestion methods. It results in lower dosing and…
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