Cannadips is Expanding Internationally, Leveraging Lexaria's DehydraTECH

In This Article:

KELOWNA, BC / ACCESSWIRE / July 7, 2022 / Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms is pleased to announce that its DehydraTECH licensee Boldt Runners Corporation, owners of the Cannadips Brand, has expanded manufacturing agreements to include Europe, Japan, and South Africa.

"We are extremely grateful for our longstanding relationship with Lexaria and look forward to our continued expansion into new channels, geographies and product formats," said Pete Diatelevi, CEO of California-headquartered Boldt Runners Corporation.

Lexaria Bioscience Corp., Thursday, July 7, 2022, Press release picture
Lexaria Bioscience Corp., Thursday, July 7, 2022, Press release picture

Cannadips CBD dip pouch, the leading CBD (cannabidiol) pouch brand in the United States ("USA"), is a tobacco-free, nicotine-free dip alternative providing an effective way to enjoy CBD and is sold in over 6,500 stores across the USA as well as through direct-to-consumer online sales. Lexaria's DehydraTECH enhancement technology is inside every tin, the result of longstanding collaboration and product design. The relationship between Lexaria and the Cannadips brand continues to flourish as international product sales have already begun, opening new channels for growth in Lexaria revenues.

"We are delighted with the expansion of the Cannadips brand outside of the USA," said Chris Bunka, CEO of Lexaria Bioscience Corp. "We continue to work with the Cannadips team on the infusion of exciting new formulations to meet the needs of adult consumers' changing preferences and will endeavour to always remain one step ahead of the competition."

About Cannadips

Our brand and story begin in Humboldt County, CA and we are exceedingly proud to be a part of this community. It means a lot to us. We manufacture each batch in the region that has made us famous. We found the right pouch material to make our pouches neat, comfortable, and to allow the CBD to move through the mesh. Our pouch material, the process we use with Lexaria, and our flavor systems make Cannadips CBD an experience that you can't find anywhere else. The result of our innovation journey is the next evolution of traditional dip - Cannadips CBD.

About Lexaria Bioscience Corp.

Lexaria Bioscience Corp.'s patented drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting more effective oral delivery. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption with cannabinoids, antiviral drugs, PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 25 patents granted and over 50 patents pending worldwide. For more information, please visit www.lexariabioscience.com.

Waiting for permission
Allow microphone access to enable voice search

Try again.