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THC/CBD/MMJ Traders, Listen Up! LXRP recently shot up like a rocket on a radical shift of business into the always exciting Canadian Marijuana Market!
Lexaria Corp.
1130 West Pender Street #950
Vancouver, BC V6E 4A4
Canada
Phone: 604-602-1675
lexariaenergy.com
PROFILE:
Lexaria Corp. has been in business since 2005 and for nine years explored for and developed oil and gas assets in low-risk areas of North America.
Lexaria still owns oil production in Mississippi, producing oil from wells at the Belmont Lake oil field.
During the last three full years combined, LXRP's revenue was a total of about 3,550,000 dollars!
In addition, LXRP is now focusing considerable management skills to becoming a trusted participant in the legal marijuana sector.
It's not as big a leap as you might think: LXRP's management team is used to working with State and Provincial governments and regulators.
They're also used to working with the Federal Governments of Canada and the USA, and the Securities Commissions within both countries.
LXRP's first step into the market is a Joint Venture signed March 5, 2014 with Enertopia Corp (ENRT-US and TOP-Canada).
Enertopia is one of Canada's leading medical marijuana companies with two recent acquisitions recently announced.
Enertopia has the capability of putting more than 60,000 sq ft of production space into use in the cultivation of medical marijuana, through its partly owned subsidiaries.
LXRP's Joint Venture gives Enertopia the ability to share projects and opportunities with Lexaria Corp, a Right-Of-First-Refusal that catapults Lexaria above the ranks of many also-ran competitors.
The Joint Venture also allows for the two companies to work together on bigger projects.
On May 27 2014 they announced their intention to build a second marijuana production plant, this time located in Eastern Ontario through a joint venture with Huntington Property Group Inc.
The first phase of this project is to be over 20,000 sq. ft. in size, and Lexaria owns 100% rights!
This is a project that, fully developed, has the potential to grow to over 80,000 sq. ft.
The company is also evaluating potential legal grow locations in those jurisdictions in the USA where they are permitted, because it is their intention to be a North American producer of legal marijuana. |
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OTCQB: LXRP
Market Value:
3,253,721 a/o Dec 05, 2014
Shares Outstanding:
34,249,690 a/o Sep 11, 2014
Shareholders of Record
27 a/o Jan 24, 2014
Short Interest
500 (150%)
Nov 15, 2014
Transfer Agent:
Olympia Trust Company
RECENT NEWS:
Lexaria Updates Burlington License Application
Lexaria: Moving Beyond the MMPR with PoViva
Lexaria Enters Agreement to Sell Belmont Lake Oil Assets
KEY EXECUTIVES:
Chris Bunka
CEO
President
Bal Bhullar
CFO
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