Biotechnology company and drug delivery platform
innovator Lexaria Bioscience
Corp. (CSE: LXX) (OTCQX: LXRP) today announced its entry into a
definitive 5-year agreement, via its subsidiary Lexaria Hemp Corp, with Nic’s
Beverages L.L.C. Under the agreement, Lexaria will provide its patented
DehydraTECH(TM) technology for use in Nic’s CBD-based beverages to be produced
and sold throughout the United States. According to the update, Nic’s Beverages
will initially begin production of ready-to-drink cold brew coffees enhanced
with CBD from multi spectrum hemp oil. “We are currently in discussions with
major wholesale houses and are looking to be in the market by the first of
October,” Nic’s Beverages CEO John Goodpasture said in the news release.
“DehydraTECH technology is perfect in allowing us to deliver CBD from hemp oil
with zero impact on our cold brewed coffee’s outstanding aroma or flavour.
Nic’s is extremely excited about our new product lines and our continued growth
with Lexaria.”
To view the full press releases, visit http://ibn.fm/hP4mJ
About Lexaria Bioscience Corp.
Lexaria Bioscience Corp. licenses disruptive patented
delivery 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 has patents
granted in the USA and in Australia for utilization of its DehydraTECH(TM)
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, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other
molecules. For more information, visit the company’s website at www.LexariaBioscience.com.
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