Lexaria Bioscience Corp (LEXX)

[Shawking]

Will we see Altria return? How much cash would they have to put up to regain exclusive license rights? They previously got a steal of a deal.

Altria owns 16.67% of Lexaria Nicotine and one seat of its board in connection with Altria's funding of Lexaria's nicotine research & development (R&D) program in 2019, while Lexaria owns the remaining 83.33% stake.
The company, which specializes in innovative drug delivery platforms, said Altria now has non-exclusive license rights to use DehydraTECHTM drug delivery technology for both the US and worldwide markets under a predefined royalty structure payable to Lexaria Nicotine.