• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

Warrants Exercised - Lexaria Bioscience Receives $700 K

Lexaria Bioscience Corp. (OTC:LXRP) (CSE:LXX) just announced that as part of their early exercise warrant incentive program announced on October 27th, that they have received another $700,000 USD. This is in addition to the $37,500 USD announced on November 2nd as part of the same warrant program. 



Common Shares Issued

A total of 3,245,000 warrants have been exercised at a $0.2273 USD per share. Therefore Lexaria Bioscience is issuing 3,245,000 shares of common stock to the stakeholders that exercised warrants. According to the release, "no commissions or placement fees have been paid relative to the funds received from this warrant exercise," and that "proceeds raised are for general corporate purposes." These issued shares will be in a lockup period for 6 months and 1 day, preventing resale of the issued securities until then. 




For more information and recent coverage on Lexaria Bioscience, like their recent licensing agreement with Hempco, be sure to check out their stock profile in our marijuana stocks database. To read Lexaria's press release regarding the warrants click here



Read more articles tagged:

Please reload

Please reload

Please reload


© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.