Biotechnology company and drug delivery platform
innovator Lexaria Bioscience
(CSE: LXX) (OTCQX: LXRP) this morning announced its entry into a
definitive 5-year agreement, via its subsidiary Lexaria Hemp Corp. Under the
agreement, Lexaria will provide its patented DehydraTECH(TM) technology to a
private Nevada-based company for utilization in certain CBD-based beverages
that will be produced and sold across the U.S. Lexaria continues to experience
strong demand for use of its technology for beverage applications in North
American markets. Lexaria’s many existing US-granted patents protect
DehydraTECH-enabled products, which may include any combination of
ready-to-drink beverages such as non-alcoholic beers, wines and spirits, cold
or hot coffee or teas, sports drinks and more.
To view the full press release, visit http://ibn.fm/wqV9t
About Lexaria Bioscience Corp.
Lexaria Bioscience has developed and out-licenses its
disruptive delivery technology, which 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
has patents granted in the United States and Australia for utilization of its
DehydraTECH delivery technology. 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, nonsteroidal anti-inflammatory drugs
(NSAIDs), nicotine and other molecules. For more information, visit the
company’s website at www.LexariaBioscience.com.
NOTE TO INVESTORS: The latest news and updates
relating to LXRP are available in the company’s newsroom at http://ibn.fm/LXRP
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