Intangible Assets Power Growth, Acquisitions in the Pharmaceuticals Sector
CannabisNewsWire Editorial Coverage: Intangible assets such as patents increasingly dominate the global business landscape, especially in the pharmaceutical sector. Intangible assets are estimated to be worth trillions of dollars in the United States alone. These assets drive deals as companies acquire smaller patent holders. In growing sectors such as cannabis, smaller companies are rushing to establish intangible assets ready for expected market growth. Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) (LXRP Profile) is one of the leaders in the world of cannabis, with applications made for more than 50 different patents and more to come. Tilray Inc. (NASDAQ: TLRY) is also…