On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) CEO, Chris Bunka, Shares 2023 Company Update and 2024 Roadmap in Annual Letter

  • Lexaria, a global innovator in drug delivery platforms, just announced ambitious plans for the 2024 calendar year
  • The letter confirms that the 2024 plans have been made possible by significant strides that were made by the company in 2023
  • Lexaria looks to build on the momentum gained from the previous year, ultimately asserting market dominance and making 2024 its best year yet

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, just announced its ambitious plans for the 2024 calendar year. In his annual letter, Chris Bunka, Lexaria’s CEO, noted that this would mark the year that will prove all of the company’s work of producing hard, factual scientific information worth it, accomplishments that were critical given 2023’s challenges in the capital markets (https://cnw.fm/CqwMq).

Bunka lauded his team for the strides the company made in 2023. Of note was its high success rate in its research and development (“R&D”), all necessary for the coming year. The company experimented with its patented DehydraTECH(TM) technology using an entirely new class of molecules, opening more possibilities for Lexaria. Most notably, its GLP-1 study yielded positive interim and final human pilot study results, showing that the technology delivered a statistically significant proportion of semaglutide and did so more quickly.

“Frankly, the results surprised us with their level of positivity,” noted Mr. Bunka. “It was found that DehydraTECH processing: delivered a statistically-significant higher proportion of the semaglutide, and did so more quickly; reduced the quantity and severity of unwanted side effects; and had a statistically-significant impact on blood sugar in general and much more effectively after eating a meal, than did Rybelsus,” he added.

Such positive results cut across all of Lexaria’s studies, from hypertension to cholesterol, triglyceride and weight loss management, human hormones, blood glucose, and diabetes, as well as oral nicotine. Bunka noted the challenge of convincing companies active in Consumer Packaged Goods (“CPG”) sectors to pay for technology to improve their product offerings, given thin margins.

Bunka acknowledged Invenomic Capital Management LP, who have been shareholders at Lexaria for a long time and who have accumulated more stock throughout the year.

While dealing with anticipated challenges, Lexaria had many wins for 2023, among which were ten newly granted patents. This brought the total patents granted to 38 and made 2023 the year Lexaria was granted the most patents since its inception. This, in addition to the roughly $800,000 recently received from the exercise of warrants, showed the company’s commitment to growing its position as a leader in its segment. The company looks to build on this momentum for 2024, ultimately asserting market dominance and making it the best year yet.

For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX

About CannabisNewsWire

CannabisNewsWire (“CNW”) is a specialized communications platform with a focus on cannabis news and the cannabis sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled recognition and brand awareness. CNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

Denver, CO
303.498.7722 Office

CannabisNewsWire is powered by IBN


Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition Cannexpo Marigold PR MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo Tether BudTender Tether BudTender Appreciation Week

CannabisNewsWire Currently Accepts



Bitcoin Cash

Bitcoin Cash

Doge Coin






USD Coin

USD Coin

Contact us: 303.498.7722