Lexaria Bioscience Corp (LEXX)

[billymayshear]

Remember, Altria's 10 year vision of the future:

"Today over 20 million U.S. adult smokers seek less harmful alternatives to cigarettes. This is a pivotal moment. With adult smoker demand for non-combustible alternatives, innovation and an appropriate regulatory framework, we have the opportunity to make more progress on harm reduction in the next 10 years than we have in the past 50 years. In fact, our future success depends on it. Over the next 10 years, we will invest in our business and our people to transform Altria and our industry."

Altria is and will continue to look for alternatives to "smoke"...if not LXRP then someone else, but for now LXRP is still in the hunt.

Additionally, the Altria venture would be considered material in any private placement and would also need to be announced to the public (current shareholders) if the Altria deal was officially off.

I'm assuming, rightly or wrongly that CB and LXRP have a cash flow problem that would exist even if Altria moved to phase II. The Altria funding if and when it comes will be earmarked for specific uses. Even if we had a license deal there would be a cash flow timing issue.

LXRP remains, in my opinion, either a home run or a strike out and not much in between!