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Lexaria Bioscience Corp LEXX

Alternate Symbol(s):  LEXXW

Lexaria Bioscience Corp. is a Canada-based biotechnology company. The Company's patented drug delivery technology, DehydraTECH, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting more effective oral delivery. DehydraTECH has also evidenced an ability to deliver some drugs effectively across the blood brain barrier. It is advancing several research and development (R&D) activities in both preclinical and clinical programs. Its primary research programs are the investigation of optimal formulations of DehydraTECH-enhanced glucagon-like peptide-1 (GLP-1) and glucose-dependent insulinotropic polypeptide (GIP) drugs as well as the investigation of cannabidiol (CBD) for the reduction of hypertension leading to a cleared IND application by the United States Food and Drug Administration. It operates a licensed in-house research laboratory and holds an intellectual property portfolio with around 46 patents granted and many patents pending worldwide.


NDAQ:LEXX - Post by User

Comment by winnerscircleon Jan 15, 2021 3:17pm
178 Views
Post# 32308113

RE:RE:Can someone clearly tell me what's going on??

RE:RE:Can someone clearly tell me what's going on?? baisacly existing shareholder got 1 share for every 30 you held,,,and because of  the consolidation we were able to meet requirments to list on Nasdaq(good thing) new offering was for 5.25 for shares and warrants(6.58 exercisable)and they raised 11mill usd....existing shareholders took a hit but was necessary to list on the nasdaq....now were on a proper exchange whith deep pocket investors.....if you are between 25-50% down it would be a great time to avergae down ...i think the sp will be closer to 10usd in the next few weeks...and a little bit of buying pressure will drive SP up
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