Hempco Food and Fibre Inc. to Utilize Lexaria’s Patented Technology
Lexaria Bioscience Corp. (LXRP) (CSE:LXX) (“the Company” or “Lexaria”) is pleased to announce the entry of a letter of intent (the “LOI”) for the licensing of its proprietary absorption and palatability enhancing technology to Hempco Food and Fiber Inc. (HEMP.V) (“Hempco”).
Under the auspices of the LOI, Hempco and Lexaria begin lab tests and formulations this week to evaluate proprietary methods of applying Lexaria’s newly-patented technology for Hempco’s needs and demands. Hempco’s already-excellent award winning food products may be enhanced with Lexaria’s patented technology. “The combination of Hempco’s existing product innovations and proprietary manufacturing methods combined with Lexaria’s patented food flavour-masking and nutrient delivery enhancement technology is hoped to create manufacturing and technology synergies powerful enough to create a quality gap that other hemp food providers and the world’s...
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