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I will be bold enough to forecast sooner than that. I follow a few other applicants that applied several months before LXRP and still haven't got notification of passing the first stage of the process like we have. And to be clear, they are on the short list of the screening. I expect we will hear news on the CBD infused tea front very soon along with the revamped website for ordering and tracking. I can't emphasize the importance of being first off the mark with the launch of this product to market. If we get wiped out of supply due to demand it will time to get on your dancing shoes...
"We are very excited about using our new cash reserves to launch PoViva tea and pursue our alternative-health business plan," said Chris Bunka, chief executive officer of Lexaria. Lexaria is working almost around the clock to be able to offer PoViva tea to consumers as quickly as possible. The company is hoping to be able to announce its ability to accept preorders before Christmas. Lexaria is close to unveiling its new first-generation PoViva website with an announcement pending in the days to come.
Nevada’s top election official has confirmed that an initiative to legalize recreational marijuana will be on the ballot for the 2016 election. The Coalition to Regulate Marijuana Like Alcohol turned in more than 200,000 signatures in support of the initiative, which far exceeded the 102,000 signatures needed to qualify for the ballot.
Secretary of State Ross Miller certified that the coalition had indeed submitted more than enough signatures before the November 12th deadline, thus forcing Nevada’s 2015 legislature to consider the issue or automatically put it on the 2016 ballot for the general election.
This means that, best case scenario, Nevada state legislature may legalize recreational cannabis as early as end of session 2015. Worst case scenario, the initiative will be automatically placed on the 2016 ballot where, presumably, the hundreds of thousands of Nevadans who support recreational legalization (or just recognize its touristy benefits) can vote in support during the general election.
Only CDN MMJ company incorporated in Nevada is LXRP. Once again, one step ahead of the herd!!!!
Crapola!!!!!!!!!So much for the best kept secret on the exchange.
I guess I have to be happy with the shares I got a month ago :)
The most exhaustive and arduious part of the HC scrutiny is behind us I feel.Lots of focus on the current market cap for the known LP holders which is 50M-60M as most know already.
I think the strength of the CBD sales will blow most away. The cap could easily double based on the expected revenue stream from the CBD sales.Very smart plan being executed by management bodes well for shareholders going forward.
Less than half actually. The first stage is the longest and washes the pretenders out.Next one will move along fairly quickly. Allowing law enforcement to use the facility for swat training is a stroke of genius also. One solid move after another by Chris.
Shhhh....
I recently chatted with Chis and this was mentioned. He expects no further dilution within the share structure due to the anticipated revenue stream from the CBD infused tea. I did ask about further distribution output as I expect them to get slammed with sales. He stated ramping up production will be easy and relatively cheap. He has planned for such eventualities. The word has gone out to the medical community first as this is personal to him due to a cancer loss in the family 11 months ago. Many other products will be brought on line to compliment the initial product release. CBD's has been medically proven to help those in need and I see a real win-win here. He is building one hell of a company and I need more of it before the mainstream news hits.
Totally agree!!
Is there another play in the MJJ space that is cashed up and debt free....no is the quick answer.
Solid manangement by a committed CEO who is the largest shareholder by buying on the open market.
Smallest outstanding shares and probably the smallest float also at approx 17M shares.
Solid strategy going forward and definately huge upside here all things factured in.I will just chill out and watch things unfold as we move forward.
http://www.cannabisfn.com/lexaria-moving-beyond-mmpr-poviva/#.VHzv1U10yDY
The distribution is in place and the product sales should start this month. They are working on many other variations and products to take to market. The CEO is the biggest shareholder (5-million shares plus)and has bought his shares on the open market. The float is about half of the outstanding shares which is a ridiculous amount in this space. The MMPR application is progressing well and they are working closely with Health Canada on a weekly basis. ALLLL GOODDD!!!!!!!!!! This is going to explode and soon IMHO.
It will be intersting to see how fast the tea distribution and sales comes together. Let's not forget the little matter of the 2 MMPR applications well in the works....
Excellent show. It really shows how the health benefits are finally being recognized. I honestly believe big pharma has played a part in slow government acceptance. States are finally coming on board and needy families will no longer have to relocate to Colorado for the help they require. This cannabis medicine will become a much bigger business than the smoked variety. LXRP is in the right space and will see substancial upside once their products become commercialized and hit the main stream markets. I'm glad to be here for many reasons.
Nice editorial. Also noticed they have a disclaimer showing no compensation for the article. Gotta love it.
Too many good things being done by the CEO to hold this a secret for much longer. The volume and price appreciation will come soon enough. The current market cap doesn't even reflect fair valuation for the oil producing entity of the company. The CEO also continues to eat up the tiny float at a steady basis Whats not to love?
The real question Chris, why does it matter to you one way or another? Invest were your comfortable your a big boy...
Nahhh, just had to leave a little for others lol.
Actually there is much more.....all in good time.
The clip is a month old. That said, it's the BEST CEO interview I have ever viewed. Period. They discussed the whole application process and industry in great detail which was very informative.
The numbers and potential are staggering also.
The market cap of the company at 11 cents p/s is just below 4MM.
The valuation of the oil fields alone is 6MM.
The average LP(MMPR) has a cap of approx 70MM.
So some of the back of the napkin math for us.
76MM divided by 34MM shares - $2.35 per share.
Today we hit .10+ Do you think there is some upside potential:)
MasterBidder, no subscription bro....
The insider buying was on the Canadian exchange.
This float is the most locked I have seen in some time.
CEO now holds 5.3M and continues to buy.
Shorters beware, sleep with 1 finger on the trigger...
If I were him I would also.
I believe insiders hold 70% of the float!!!
I actually like the news. While it's probably isn't what the flippers are looking for, I like the responsible approach taken by the company. This is how they attract real investors and institutional interest.
Looks about right to me:) A harbinger of the future....
Things are going to get real interesting now.
Totally agree. Solid post!!
These guys hold some major advantages over the rest.
Wait till Nevada gets onboard.
Their booze consumption is the highest per capata in the US.
The MJJ will follow the same trend and these guys are already there and anxiously looking at US opportunities. They have the first foot in the door in what's surely to be the biggest market in the US.This is absolutely huge.
I have looked over this gem extremely closely. It checks all the boxes and then some. Should be a fun ride going forward.
Well with this crazy tight float it will run like no tomorrow.
I suspect something big is up with the obvious heavy buying of late.......
Wait till she starting mowing thru a few million shares a day.
Those who loaded up at this level will be smiling like a butchers dog!!
I strongly urge anyone who hasn't see the CEO speak at the Vancouver green conference watch the video clip in the intro portion of Lexaria. Clearly, he is a very seasoned pro who is a very smart and successful business man. It's nice to see a CEO put himself out there as a guest speaker and he's obviously very comfortable in this role. He makes major points for the multi-facility approach to mitigate any possible risk of having only one facility producing. He has done his homework and is a pleasure to listen to.
Agreed, if they were solely a grow operation. Their financial release put out Friday shows revenue from oil production also.
They are also putting forth another revenue stream with their cannabidoil technology acquisition. They seem to have a real smart multi-tiered plan underway which in my view seperates themselves from the herd.
https://canadianinsider.com/node/7?menu_tickersearch=LXX+%7C+Lexaria+
I have to say I'm most impressed with the CEO holding over 5 million shares and is continuing to buy at a steady rate. Fair to say he is very confident in the company. I don't see this being at this price level for very long.
Huge spike in CDN volume as well. I see this has hit .785 within the last year. Giddy up!!!!!!!!
Many thanks Stockman 69. No bloody wonder it moves on a whisper. Multi bags folks!!!
Can any longs share the float size. I see it on the Canadian side but don't believe it's that small. Thanks!!
Nice momo underway here and lots of eyes. I smell money boyz!!!!
Now lets be civil! If I'm "full of it" as you imply, you will read about it soon enough...right?
Then feel free to tell me so.
Tossed out of court....
There goes the ole ball game.
150k pissed down the drain.
Simple. Everyone been busy watching the carrnage on the ATT thread. Wow, what a gutting taking place. People basing their survival hopes on a court challenge....really??
Doesn't sound like a solid business strategy to me.
Sounds like a decent thing to do this time of year. I actually prefer Kaanapali-Maui. Pop on by and the first one is one is on me. Whatever the outcome, we're just bystanders. Squabbles in business are common place and the sun rises tomorrow.
Well you ATT boys have plenty of opportunity to buy low don't ya.
Winthrow picked on the wrong guy to have a scrap with.
When this gets tossed out you will wish you sold at .20
I see we hit No. 27 on the Breakout Boards.
Well said Mr.Schmid2013.
We are well in the green and they are red...
Sounds like the markets have weighted in already.