NEW YORK, Dec. 08, 2017 (GLOBE NEWSWIRE) -- via NetworkNewsWire – NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Lexaria Bioscience Corp. (OTCQB:LXRP), a client of NNW that has developed and out-licenses its disruptive patented technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules.
The publication, titled, “Merger and Acquisition Activity is Heating Up in the Cannabis Industry,” discusses acquisitions in the cannabis industry, and several reps making innovative contributions to cannabis product development.
To view the full publication, visit: https://www.networknewswire.com/merger-acquisition-activity-heating-cannabis-industry/
“In October, Lexaria grew its portfolio of 19 international patent applications when it received patent allowance for DehydraTECH™ as a delivery platform for all cannabinoids, including (tetrahydrocannabinol) THC, fat soluble vitamins, non-steroidal anti-inflammatory pain medications (“NSAIDs”) and even nicotine. Upon formal patent issuance, the company will receive protection for its technology until at least 2035, and Lexaria will be in the prime position to accelerate its technology out-licensing activities in several key markets.
“This wide-ranging patent allowance from the USPTO exceeds our expectations. This vastly expanded intellectual property protection will enable us to aggressively pursue new business opportunities in 2018 such as what could be the world’s first nicotine edibles for the smokeless tobacco industry, or enhanced products for NSAID-derived pain management, as well as in the rapidly growing cannabis market,” Lexaria CEO Chris Bunka stated in the press release (http://nnw.fm/2iPIn).
“Because Lexaria’s patented lipid-delivery technology can be successfully applied to cannabinoids, vitamins, NSAIDs and also tobacco, the company is positioned for opportunity in several lucrative markets.”
Lexaria Bioscience Corp. has developed and out-licenses its disruptive patented technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. Lexaria has multiple patents pending in over 40 countries around the world and was granted its first patents in the USA and in Australia related to edible forms of cannabinoids. Lexaria's technology provides increases in intestinal absorption rates; more rapid delivery to the bloodstream; and important taste-masking benefits, for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. For more information, visit www.lexariabioscience.com
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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