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Lexaria Builds on CBD Expertise with Acquisition

Ryan Allway

November 12th, 2014

News, Top News

[stockchart symbol=LXRP]

New research continues to support the safety and efficacy of cannabidiols (“CBDs”) in treating a number of medical conditions. For instance, a recent study published in the Journal of Psychopharmacology found that daily treatment with CBDs led to improved wellbeing and quality of life scores among a small group of Parkinson disease patients, although a disease-modifying effect wasn’t found.

Lexaria Corporation [stockquote symbol=LXRP] (CSE: LXX) aims to bring CBD-based products to market in Canada, while potentially becoming a licensed producer under the country’s newly implemented Marijuana for Medical Purposes Regulations (“MMPR”), which would enable it to sell medical marijuana to patients throughout Canada under the guidance of Health Canada.

This week, the company announced the acquisition of a 51% interest in PoViva Corp., which uses a patent pending process to bind active CBD ingredients with lipids to enable more efficient delivery than competing products. Under the terms of the agreement, Lexaria could ultimately acquire up to 75% of the company through staged transactions, providing it with a sizable ownership stake.

ProViva owns two patents pending that govern the process used to infuse CBDs into food products. With the acquisition under its belt, Lexaria expects to launch ProViva Teas as its first CBD-infused product using its patented process as quickly as possible. Tea is the most widely consumed beverage in the world after water, with over three billion servings of tea prepared each day worldwide.

In addition to its ProViva acquisition and new product lines, the company continues to pursue its Health Canada MMPR Licensed Producer status by way of its joint venture in Burlington Ontario with Enertopia Corp. [stockquote symbol=ENRT]. In light of delays in the licensing process that are out of its control, the company continues to pursue opportunities to build value in other ways.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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