Lexaria and Hill Street Asset Sales Deal Closed
shot by IP News Shots / 6:10 pm on 15 December, 2020
Lexaria Bioscience Corp. has announced the closing of a sales deal for their non-pharmaceutical THC-related assets to Hill Street Beverage Company Inc. In a deal worth 3,850,000 CAD, Lexaria will receive 350,000 CAD in cash along with future milestone payments. Lexaria will retain ownership of DehydraTech technology with limited license to use it outside Canada and the US for some non-pharmaceutical, therapeutic and medicinal products containing 0.3% or greater THC.
Read More at: https://www.biospace.com/article/releases/lexaria-closes-sale-of-non-pharmaceutical-thc-related-assets/
Industry: Beverage & Food & Tobacco