- Global
legal cannabis market projected to surpass $146 billion by end of 2025
- Cannabinoid-infused
edibles, concentrates represent fastest-growing segment of industry
- Lexaria’s
patented technology improves bio-absorption and bioavailability of active
ingredients while masking unpleasant taste
- Lucrative
licensing business model includes agreements to enhance cannabinoid (CBD)
delivery before year-end 2018
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and its
proprietary technology found in the company’s drug delivery platform
DehydraTECH has application for several subsets of the cannabis industry and
other pharmacological verticals. As a technology proven to deliver increased
intestinal absorption rates and higher bioavailability for a number of
bioactive compounds, the DehydraTECH drug delivery platform could be a game
changer for several industries, including the recreational and medical cannabis
markets, according to a recent article (http://ibn.fm/bG3m4). While cannabis flower has been the
early focus, cannabinoid-infused edibles and concentrates represent the
fastest-growing segments of the $100+ billion industry, the article points out.
“We are focused on making ingestible or edible bioactive
substances taste better, smell better, act faster and enhance potency,” Lexaria
President John Docherty, a trained pharmacologist and toxicologist who is also
the former president and chief operations officer of Helix BioPharma Corp.,
stated in a news release.
Lexaria’s DehydraTECH employs a patented, cost-effective
delivery mechanism leveraging lipophilic agents that improves the
bio-absorption and bioavailability of ingestible substances, as well as their
taste and smell. That’s no small task when it comes to some of the pungent
terpenes essential to the cannabis plant, as many cannabis consumers know well.
Terpenes are aromatic components of the cannabis plant’s essential oils, and
they also play an important therapeutic role, according to an article on
GreenState.com (http://ibn.fm/3fVO1).
Lexaria’s disruptive DehydraTECH drug delivery platform is
protected by a robust suite of patents granted or pending worldwide. It has
been proven effective in multiple international studies in greatly assisting
rapidity and quantity of absorption of a range of lipophilic (i.e.,
fat-soluble), bioactive molecules – such as those contained in cannabinoids
(CBD), nicotine, non-steroidal anti-inflammatory drugs (NSAIDs) and other
molecules. DehydraTECH offers a healthier, oral ingestion alternative to other
delivery methods, such as smoking, which has known negative consequences, to
quickly and effectively deliver the bioactive substances that cannabis and
nicotine consumers are seeking, as Lexaria points out in detail on its website.
Another key to Lexaria’s success is the fact that its
technology can be licensed to improve existing drug delivery through
orally-ingested products or to create new ones. The DehydraTECH drug delivery
platform has limitless commercial applications for formulating and delivering
lipophilic drug payloads. The company’s strategic intellectual property (IP)
portfolio is growing, with three more patents in Australia and two Notices of
Allowance from the U.S. Patent and Trademark Office and several more expected
prior to year-end 2018 (http://ibn.fm/RIdSf).
Lexaria’s IP portfolio already includes a patent for oral
delivery of all cannabinoids, and it has licensed its products to numerous
cannabis companies, including a maker of cannabis-infused chocolates in
Colorado, a Canada-based developer of cannabis wines and beers and a new Canadian
company focused on cannabis-infused edibles. With projections of a global legal
cannabis market coming in at more than $146 billion by 2025 (http://ibn.fm/a1ni6), Lexaria
Bioscience is poised to deliver a welcome technology to this booming, quickly
expanding space.
For more information, visit the company’s website at www.LexariaBioscience.com
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