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Monday, April 19, 2021

Stock Insights on Lexaria Corp (OTCMKTS:LXRP)

Lexaria Corp (OTCMKTS:LXRP) is making a big move up on accelerating volume off its a base at a dime. LXRP traded as low as $0.04 back in October of last year but has been rising steadily since. The stock has a history of big moves exploding from under a dime to a high of $0.80 in 2014.

The Company said on April 8 that ViPova(TM) tea will soon be available for sale at Amazon.com and other online retailers.

“We expect to have ViPova tea available for sale at the world’s largest online superstore,” said Lexaria CEO Chris Bunka. “We know we need to make our products more widely available and we couldn’t be more proud than to start at the top, with the world’s best online retailer.”

Lexaria Corp (OTCMKTS:LXRP) searches for projects that could provide potential above-market returns. LXRP owns 50% of ViPova(TM) that uses only legal CBD oil extracts, grown from legal hemp in locations where it is legal to do so, in ViPova(TM)-branded tea. ViPova(TM) uses its patent-pending process to infuse concentrated amounts of CBD within lipids in its tea, providing more bioactivity and comfort to the body during the absorption process. Only ViPova(TM) has this ground-breaking technology for CBD/lipid infusion.

Lexaria has been trading on the bb’s for some time; the Company was initially registered in Nevada in 2005 to explore and develop oil and gas assets in low-risk areas of North America. The Company still owns significant oil production in Mississippi, producing oil from wells at the Belmont Lake oil field.

LXRP still receives revenues from these wells reporting $463,798 in revenues for the 9 months ended July 1, 2014. The Company says they have earned a total of $3.5 million oil production revenues since their inception.

In November LXRP acquired 51% of PoViva Corp. PoViva literally means “Taking in Life” PoViva uses a patent pending process to bind active CBD ingredients with a lipid, allowing for a more efficient and comforting delivery of the CBD than competing products that do not have the benefit of our patent-pending process.

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On April 7 LXRP announced the manufacturing of delicious ViPova(TM) tea in conventional tea-bags has begun. The Company is currently awaiting delivery of thenew packaging options which will be ready for retail sale in either April or May. Although the larger tin still offers the best value per serving, Lexaria expects lower entry-level retail prices to make ViPova(TM) Tea available for enjoyment by everyone.

ViPova(TM) uses only legal CBD oil extracts, grown from legal hemp in locations where it is legal to do so, in ViPova(TM)-branded tea. ViPova(TM) uses its patent-pending process to infuse concentrated amounts of CBD within lipids in its tea, providing more bioactivity and comfort to the body during the absorption process. Only ViPova(TM) has this ground-breaking technology for CBD/lipid infusion.

Lexaria is soon launching a new print ad campaign featuring the slogan, “Tea’s Got a new Friend”, a cheeky and fun ad campaign that is sure to provoke conversation. In limited US circulation to begin, this ad campaign will begin within the next 30 days and is expected to broaden as the year unfolds.

On April 8 LXRP announced ViPova(TM) tea will soon be available for sale at Amazon.com and other online retailers.

CEO Chris Bunka said “We expect to have ViPova tea available for sale at the world’s largest online superstore. We know we need to make our products more widely available and we couldn’t be more proud than to start at the top, with the world’s best online retailer.”

Although not available at Amazon today, Lexaria believes it is important to provide disclosure regarding this important pending development as it would mark a potentially significant new sales channel, and availability at Amazon.com should be imminent.

As well, Lexaria has awarded an initial 6-month Search Engine Optimization (SEO) contract designed to increase the visibility of its online brands and support its online retailers and sellers. This SEO contract has already commenced and is expected to provide steadily improved visibility in the months to come, and will be part of our growing efforts to build brand recognition and interest in our products.

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Currently trading at a $2.8 million market valuation LXRP has a tight share structure and a strong cash position of $550,000 in the treasury. The Company is led by CEO who seems to be making all the right moves. It looks like something is up here with LXRP as evidenced by the fast growing shareholder base who believes this one goes higher. We will be updating on LXRP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LXRP.

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Disclosure: we hold no position in LXRP either long or short and we have not been compensated for this article.

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