Not many small-cap or nano-cap companies ever manage to achieve any kind of official relationship with Fortune 500-style companies. Some of the largest corporations in the world have asked about our technology and we knew from those discussions that our DehydraTECHTM technology had the ability to deliver more important results than simply getting cannabis users to feel their desired effects quickly. While it will take additional time to design and gain approval for next-generation nicotine products both within America and around the world, Lexaria is highly confident that it will do so. Lexaria is proud to have attracted Altria Group, Inc, owner of both combustible and non-combustible tobacco companies which have been the undisputed market leaders in the U.S. tobacco industry for decades.
During 2019 we finalized a new contractual relationship with a GMP-certified, FDA registered production company to get enhanced DehydraTECH powders to market in the US with current capacity of roughly 200,000 servings per day which can be increased to 400,000 servings per day within the same facility, as needed. Lexaria is experiencing strong demand from many companies requesting pre-processed DehydraTECH-enhanced bulk powders for their specific product lines and with this facility, we can meet that demand.
Lexaria’s IP strategy continues to pay dividends, as we received our first ever patents to use DehydraTECH with cannabinoids for treatment of health conditions including…
