Lexaria Incorporates New Subsidiary For CPG Products And Updates Human Nicotine Study
Portfolio Pulse from Happy Mohamed
Lexaria Bioscience Corp. has incorporated a new wholly-owned subsidiary, Lexaria Nutraceutical Corp., to utilize its patented DehydraTECH Technology for creating consumer packaged goods and intermediate ingredients. The company also updated on its human oral nicotine study NIC-H22-1, expecting to release results within the next two weeks. The global market for the oral nicotine pouch category is growing rapidly, expected to reach $21.84 billion in 2027.
July 28, 2023 | 1:11 pm
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POSITIVE IMPACT
Lexaria's new subsidiary and progress in nicotine study could potentially boost its market position.
The formation of a new subsidiary to utilize Lexaria's patented technology could open new revenue streams. The progress in the nicotine study could potentially boost its market position in the rapidly growing oral nicotine market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The progress in Lexaria's nicotine study and the formation of a new subsidiary could potentially impact its warrant's value.
The formation of a new subsidiary and progress in the nicotine study could potentially increase the underlying stock's value, which in turn could impact the value of its warrants.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100