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Shawking

05/06/20 1:40 PM

#28752 RE: Abundance88 #28751

Abundance is correct, it is only speculation at this point because Altria has not communicated whether they intend to proceed with the agreement or not. The date by which Altria was legally required to reply to Lexaria has long passed.
"We have asked ALtria repeatedly for official notice of their intentions, and they have yet to give us that." Chris Bunka
If Altria had intended to use Lexaria's tech in their smokeless division they would never have let the drop-dead date pass and take the chance of a competitor snapping up the deal.
I suppose there is still a chance that Altria will awake from a covid slumber and renew the deal but I think the chances of that are slim to none.