Lexaria (LXRP) Builds Relationships to Expand Its Business


Ryan Allway

July 21st, 2016

News, Top News


[stockchart symbol=LXRP]

Lexaria Corp. [stockquote symbol=LXRP], a food sciences company focused on the delivery of active compounds that can behave as superfoods through its proprietary infusion technologies, recently announced that it has entered into two agreements with highly respected New York-based firms in order to expand its brands and business over the long run.

PPMT Strategic Consulting Inc. provides widespread advisory services that range from mergers and acquisitions to sales and marketing. Lexaria hopes to leverage PPMT to gain access to potential industry partners in sectors where its technology holds immense promise, such as generic vitamins and supplements, pain medications, and other sectors.

Terra Nova Capital Partners Inc. is a boutique investment and merchant banking firm with a global reach. After having placed $33 billion in over 1,000 corporate transactions, Lexaria will be relying on the firm to help meet its capital needs over the next 12 months. Terra Nova is a leading advisor to micro-cap companies in private placements and other financings.

“We couldn’t be more pleased than to be working with such reputable and capable firms as Terra Nova and PPMT Group,” said Chris Bunka, CEO of Lexaria. “These new relationships will strengthen Lexaria in many ways and focus on immediate and achievable targets that will build our brands and our business.”

Shares of Lexaria Corp. were unchanged in early trading on Thursday, July 21, 2016 following the news.

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.

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