Lexaria Launches Medical Advisory Board


Ryan Allway

November 20th, 2014

News, Top News


[stockchart symbol=LXRP]

Lexaria Corp. [stockquote symbol=LXRP], an aspiring licensed producer under Canada’s Marijuana for Medical Purposes Regulations (“MMPR”), recently launched a formal Medical Advisor Board to educate and advocate on behalf of patients that could benefit from medical marijuana use through cannabidiols (“CBDs”) extracted from agricultural hemp that can be legally grown in many jurisdictions.

The Medical Advisor Board consists of specialists in various medical verticals that will work with healthcare professionals, patients, and prescribers of medical marijuana to promote greater understanding of MMJ and CBD-enhanced products. The company hopes to announce its first meetings and/or conferences involving the board as soon as possible, according to its recent press release.

While adult-use marijuana remains illegal in Canada and the U.S., research has focused on the non-psychoactive CBD component of the plant, which could alleviate many medical symptoms. Lexaria has already voluntarily implemented its own policy of not selling marijuana with more than 0.3% THC content to anyone under the age of 25, which is in-line with the Canadian medical community.

The company has focused on the already legal CBD-enhanced marketplace, since its efforts to become a licensed producer of medical marijuana could take some time. As a part of these efforts, the company acquired 51% of PoViva Corp. – with rights to acquire up to 75% of the company – which is focused on infusing CBDs with foods using a unique process that it has secured two patents covering.

Management expects to launch PoViva Teas as its first CBD-infused product using its patent-pending process as quickly as possible. Since tea remains one of the most popular beverages consumed worldwide, with over 150 million Americans consuming it every day, the company feels there is a significant opportunity to deliver the healing benefits of CBDs through the popular medium.

Shares of Lexaria Corp. rose 10.48% in early trading on Thursday, November 20, 2014 following the news release.

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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