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Lexaria (CSE: LXX) tech ready for use in CBD-based food ingredients



Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) announced it has entered a definitive 5-year agreement, via its subsidiary Lexaria Hemp Corp., to provide Lexaria’s patented DehydraTECHTM technology to Universal Hemp LLC, a B2B manufacturing company of high-performing hemp-derived bulk ingredients to the nutraceutical and consumer packaged goods industries, for utilization into many CBD-based food ingredients to be produced and sold across the USA immediately, and in Canada when regulations permit.


Competitive financial details including royalty rates remain confidential and undisclosed although the companies have agreed to disclose minimum payments over the life of the agreement of US$3,750,000.


This could be an important agreement for Lexaria and perhaps a sign of things to come.

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