NeutriSci and Lexaria Bioscience Enter Global Licensing Agreement
26 2월 2018 - 10:30PM
– via NetworkWire - NeutriSci International Inc.
(the "Company" or "NeutriSci") (TSX-V:NU) (OTCQB:NRXCF)
(Frankfurt:1N9) and Lexaria Bioscience Corp. (“Lexaria”) (CSE:LXX)
(OTCQX:LXRP) are pleased to announce that they have revised their
joint venture agreement such that NeutriSci now owns 100% of
Ambarii Trade Corporation (“Ambarii”), and Lexaria has granted to
NeutriSci, an Intellectual Property License and Supply Agreement
(the “License Agreement”) for the manufacturing and sale of CBD
based products.
Under the License Agreement, NeutriSci will
continue the development and sales of the Company’s proprietary
Sublingual mouth-melt consumer products that incorporate Lexaria’s
technology for enhancing palatability and bioavailability of
beneficial non-psychoactive cannabinoids in NeutriSci’s existing
and pipeline product formats and Lexaria will earn ongoing royalty
revenues.
“We are very pleased to announce this long-term
licensing and development agreement with Lexaria,” commented Glen
Rehman, NeutriSci President. “This agreement will allow NeutriSci
to focus on the global distribution of our proprietary CBD product
line while letting Lexaria focus on licencing and
development. This change to our business relationship is a
win-win for both parties.”
“The relationship between our companies has
evolved in a positive fashion and allows us each to focus on our
core competencies which should benefit all stakeholders,” commented
Chris Bunka, Lexaria CEO. “NeutriSci has developed a unique form
factor that can now be empowered with Lexaria’s complementary
technology which also allows consumers everywhere to benefit.”
On Behalf of the Board of Directors of
NEUTRISCI INTERNATIONAL INC. Glen
RehmanPresidentNeutriSci International Inc.Tel: (403)
264-6320Email: grehman@neutrisci.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business
conditions. There can be no assurances that such statements
will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as
required under the applicable laws.
About NeutriSci International
Inc.:
NeutriSci specializes in the innovation,
production, and formulation of nutraceutical products. Established
in 2009, NeutriSci’s is building sustainable sales models with
Convenience, Chain Drug, and Mass Market and Supermarket retailers
for neuenergy®, the Company’s natural energy and focus supplement
that has at its core, the beneficial effects of
blueberries.
Neuenergy® contains a unique patented
combination of blueberries (pterostilbene) and naturally derived
caffeine, and is a revolutionary energy tab designed to deliver
enhanced focus and mental clarity with no sugar, no calories and no
crash associated with typical energy products. To find out more
about neuenergy®, please visit www.getneuenergy.com.
For more information, please visit:
www.neutrisci.com.
About Lexaria: Lexaria
Bioscience has developed and outlicenses its disruptive delivery
technology that promotes healthier ingestion methods, lower overall
dosing and higher effectiveness of lipophilic active molecules.
Lexaria has multiple patents pending in over 40 countries around
the world and has patents granted in the United States and in
Australia for utilization of its DehydraTech delivery technology.
Lexaria's technology provides increases in intestinal absorption
rates; more rapid delivery to the bloodstream; and important
taste-masking benefits, for orally administered bioactive molecules
including cannabinoids, vitamins, non-steroidal anti-inflammatory
drugs (NSAIDs), nicotine and other molecules.
www.lexariabioscience.com
Statements in this press release have
not been evaluated by the Food and Drug Administration.
Products or ingredients are not intended to diagnose, treat, cure
or prevent any disease.
Corporate Communications
Contact: NetworkNewsWire (NNW) New York, New
York www.NetworkNewsWire.com 212.418.1217 Office
Editor@NetworkNewsWire.com
NeutriSci (TSXV:NU)
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