Lexaria Bioscience Corp. an innovator in drug delivery platforms, reports on its existing technology licensees that have signed definitive contracts to use Lexaria’s revolutionary DehydraTECHTM absorption technology within their existing and emerging brands.
“The first half of 2019 delivered a period of unprecedented achievements for Lexaria,” said Chris Bunka, Chief Executive Officer. “We signed more license agreements than ever before in our Company’s history, many of which were larger in scope than anything previous. We also launched our brand-new business division Lexaria Nicotine which is disrupting nicotine delivery methods that already attracted one of the world’s largest nicotine companies, which has licensed our technology.”
Year to date 2019, Lexaria has announced:
- 1 new license agreement with *Altria Ventures Inc, an indirect wholly-owned subsidiary of Altria Group Inc. for oral nicotine products (note 1);
- 1 new CBD/hemp license to Nuka for beverages across the US;
- 2 new world-wide beverage licenses to Hill Street Beverages (except Mexico);
- 2 new Joint Manufacturing Production licenses with Hill Street Beverages for new jointly owned cannabis and CBD brands;
- 3 new licenses with others for CBD beverages and edible CBD ingredient/products across America.
- 1 new license for cannabis beverages in California;
- 1 new multi-state cannabis expansion license with Nuka Enterprises LLC (“Nuka”) for its 1906 Brands for 5 states total, and 2 new product categories
Based on these existing contracts, Lexaria expects to experience unprecedented revenue growth as we estimate many of our clients will commence operations in late 2019 and early 2020. Several of these clients are already planning and preparing for aggressive roll-outs and growth of their product lines. (Note that estimated operations start dates are Lexaria’s own estimates and may or may not reflect actual licensee results.)
Lexaria credits its recent commercial success mainly to its ever-growing body of scientific results evidencing the superior capabilities and power of its patented technologies. Recent 2019 technological advancements are the result of one of the industry’s most focused and productive R&D programs and hold promise for even higher levels of performance from new DehydraTECH innovations with even faster drug delivery into blood plasma and across the blood-brain-barrier.
In one recent animal study, as earlier announced, Lexaria’s latest patent-pending formulations delivered more than 1,900% more CBD into brain tissue than generic industry formulations and achieved peak blood levels more than 800% greater than those of concentration matched controls. In that same animal study, detection of CBD in the bloodstream began in as little as 2 minutes after dosing and peaked in as little as 45 minutes after dosing providing additional support that DehydraTECH enables rapid onset and offset in line with consumer preferences.
Lexaria expects to sign additional new definitive license agreements through the balance of 2019 and beyond as demand for its industry-leading technology continues, and it commends its family of existing licensees and partners that have already joined the Lexaria ecosystem with their exciting products and offerings powered by DehydraTECH.
Lexaria’s DehydraTECH™ technology is covered by issued and pending patents in over 40 countries around the world. Lexaria’s patent suite commenced with two initial 2014 US provisional patent application filings by the original Poppy’s Teas LLC inventors, which Lexaria acquired by way of exclusive, worldwide license rights and controlling interest in the founding company. Since then, Lexaria has broadened the patent suite considerably by refining the patent claims via further US provisional and utility patent filings and extending the breadth of the claims considerably to name many other beneficial compounds that the technology can be applied to and many other consumer product formats in which they can be formulated. Under US patent law, a patent upon issuance provides for 20 years of patent protection from the date of filing.
In addition to the US patent filings, Lexaria has also pursued international patent protection through filings under the Patent Cooperation Treaty, followed by national filings in 40+ jurisdictions of highest commercial potential thereunder.
