Progress at Lexaria's Belmont Lake Oil Field
Kelowna, British Columbia--(Newsfile Corp. - August 27, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to report of new developments at the Belmont Lake oil field in Mississippi. Well PPF-12-7 was drilled in December 2013 but was never put into production due to seasonal delays. Lexaria is pleased to report that field work is currently underway with the goal of placing this well into production as soon as possible. Unless there are unexpected...
2014-08-27 8:30 AM EDT
Lexaria Closes First Tranche of Financing
Kelowna, British Columbia--(Newsfile Corp. - August 12, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") announces it has closed the first tranche of its Private Placement financing announced on August 9 for gross proceeds of $187,700. Lexaria will issue 1,251,333 common shares at US$0.15 and 1,251,333 full warrants that expire on February 12, 2016 with an exercise price of US$0.25. The Company may accelerate the expiry date of the warrants if the stock price trades...
2014-08-12 4:16 PM EDT
Lexaria Intends to Complete a $900,000 Financing
Kelowna, British Columbia--(Newsfile Corp. - August 8, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") reports its intention to complete a non-brokered private placement financing, consisting of 6,000,000 Equity Units at US $0.15 per unit, to raise gross proceeds of up to US $900,000 (the "Private Placement"). Each equity unit will consist of one common share of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to...
2014-08-08 9:02 AM EDT
Lexaria Announces Corporate Update
Kelowna, British Columbia--(Newsfile Corp. - August 5, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is announces that it is in the process of making all the cash and stock payments required to secure its lease of the Burlington marijuana production facility to Dec 9, 2014. This includes the issuance of 91,662 restricted common shares to the building owner as Lexaria's portion of the lease costs. As earlier announced, the Burlington joint venture with Enertopia...
2014-08-05 8:27 AM EDT
Lexaria Issues Stock Options
Kelowna, British Columbia--(Newsfile Corp. - July 24, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") announces it has issued 625,000 stock options to an advisor and consultants, vesting immediately, with an exercise price of US$0.25. The stock options expire on July 24, 2019. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States...
2014-07-24 9:00 AM EDT
Lexaria Intends to Complete a $5,100,000 Financing
Kelowna, British Columbia--(Newsfile Corp. - July 17, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") reports its intention to complete a non-brokered convertible debenture financing, to raise gross proceeds of up to US $5,100,000. The debenture will have a term with a maturity date that is one year from the offering close. The convertible debenture will pay 2.5% per annum simple interest, quarterly in arrears. Under certain conditions, the debenture is either...
2014-07-17 8:30 AM EDT
Municipal Approval for Lexaria-Enertopia Joint Venture in Burlington, Ontario
Kelowna, British Columbia--(Newsfile Corp. - July 14, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce that the production of Medical Marihuana in compliance with Health Canada MMPR regulations has received final Municipal zoning approval for the Lexaria/Enertopia joint venture. Previously announced only as being located in the Greater Toronto Area, now that Municipal approval has been obtained Lexaria is happy to announce the facility...
2014-07-14 7:30 AM EDT
Overwhelming Support at 2014 Lexaria AGM
Kelowna, British Columbia--(Newsfile Corp. - June 17, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") today announces that all resolutions were approved and adopted at its Annual General Meeting (AGM) held on June 11th. Re-election of Chris directors was approved with the following results: Nominee For
2014-06-17 8:30 AM EDT
Lexaria and Enertopia Update LOI with Signed Definitive Joint Venture Agreement
Kelowna, British Columbia--(Newsfile Corp. - May 29, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") announces it has signed the definitive Joint Venture agreement as required in the Letter of Intent that was first announced with Enertopia Corp on April 10, 2014. The Definitive Joint Venture agreement was contemplated at the time of signing the initial April 10, 2014 Letter of Intent, and governs the procedures and practices by which the marijuana production...
2014-05-29 8:01 AM EDT
Lexaria Announces Second Production Facility and Vendor Intention to Finance up to $3,000,000
Kelowna, British Columbia--(Newsfile Corp. - May 27, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") announces it has entered a detailed Letter of Intent with Huntington Property Group Inc, an Ottawa-based real estate developer for its second marijuana production facility in Canada. As provided for in Letter of Intent, Lexaria also announces a financing intention of up to $3,000,000, including Vendor Financing, subject to certain terms and conditions as detailed in...
2014-05-27 8:20 AM EDT
Lexaria Appoints Former Chief of Police as Security Consultant
Kelowna, British Columbia--(Newsfile Corp. - May 5, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX
2014-05-05 8:15 AM EDT
Lexaria Appoints Assistant Plant Manager - Announces Conference Participation
Kelowna, British Columbia--(Newsfile Corp. - April 30, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce the appointment of the new Assistant Operations Manager for its new Ontario marijuana production facility, and to further announce two conferences where the public will have an opportunity to meet Lexaria management. Joining the Lexaria/Enertopia joint venture team is Mr. Chris Hornung as Assistant Operations Manager. Chris has been...
2014-04-30 2:00 PM EDT
Lexaria Corp. Announces Resignation of Director
Kelowna, British Columbia--(Newsfile Corp. - April 25, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") announces the resignation of Dr David DeMartin as Director and Chief Scientific Advisor to the Company, effective immediately. Dr. DeMartini was instrumental in advancing the Belmont Lake Oil Field exploration and development programs, and in interpreting 3D seismic targets for the Company. "Lexaria is grateful for the valued contributions that David has made...
2014-04-25 6:55 PM EDT
Lexaria Announces Managers of Ontario Facility and First Phase Production Plans
Kelowna, British Columbia--(Newsfile Corp. - April 25, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce the appointment of its management team for its new Ontario marijuana production facility. Mr. Don Shaxon has been named Lexaria's Ontario Operations Manager, having responsibility for Lexaria's current facility as well as potential future production locations. Don has nearly 20 years experience in the public markets, and has worked in the...
2014-04-25 8:15 AM EDT
Lexaria Adds to Management Team
Kelowna, British Columbia--(Newsfile Corp. - April 24, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce new Managers joining the Company and assisting in the development and growth of the Ontario marijuana production facility. Mr. Greg Boone has been named Lexaria's Human Resource Manager, with the responsibility of placing key managers and executives not just in the new Ontario production facility, but also Company-wide as necessary. Greg is...
2014-04-24 8:30 AM EDT
Lexaria Welcomes Jeff Paikin to Advisory Board
Kelowna, British Columbia--(Newsfile Corp. - April 14, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce the appointment of a new expert to its Advisory Board, specializing in facility construction and management. Mr. Jeff Paikin has joined Lexaria's Advisory Board. Mr. Paikin is well known throughout the Greater Toronto area as President of the New Horizon Development Group and for his extensive community involvement. Mr. Paikin is the past...
2014-04-14 8:30 AM EDT
Lexaria Intends to Complete a $1,960,000 Financing
Kelowna, British Columbia--(Newsfile Corp. - April 14, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") reports its intention to complete a non-brokered private placement financing, consisting of 7,000,000 Equity Units at US $0.28 per unit, to raise gross proceeds of up to US $1,960,000 (the "Private Placement"). Each equity unit will consist of one common share of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to...
2014-04-14 8:06 AM EDT
Lexaria's First Marijuana Production Facility
Kelowna, British Columbia--(Newsfile Corp. - April 10, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") announces it has entered agreements for its first co-owned and co-managed marijuana production facility in Canada. The facility is comprised initially of roughly 30,000 square feet of space, with a right of first refusal having been acquired for another 45,000 square feet to accommodate future growth. Planned production areas have 22 foot ceilings which will allow...
2014-04-10 8:30 AM EDT
Lexaria Eliminates $193,333 in Debts
Kelowna, British Columbia--(Newsfile Corp. - April 1, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce it has eliminated $193,333 in existing debts through the conversion of those debts into equity units priced at US$0.35 each.Lexaria entered into convertible debt agreements in 2010 that allowed for the conversion of those debts at US$0.35 per unit, into equity units comprised of a restricted common share and a warrant good to purchase one...
2014-04-01 12:18 PM EDT
Lexaria Welcomes New Medical Marijuana Expert Advisor
Kelowna, British Columbia--(Newsfile Corp. - March 25, 2014) - Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce the appointment of its first medical marijuana expert to its Advisory Board. Mr Jason Springett has joined Lexaria's Advisory Board. Mr Springett has extensive knowledge and experience in the medical marijuana sector having been a licensed grower under existing Health Canada regulations for many years. He has experience with multi-strain...
2014-03-25 8:08 AM EDT