LEXX on Nasdaq
Lexaria Bioscience Corp.
In its 2025 annual report the company says: “Lexaria Bioscience Corp. is a biotechnology company dedicated to the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients using our patented DehydraTECH TM drug delivery technology. It is suitable for use with a variety of product formats including pharmaceuticals, nutraceuticals, over-the-counter products, and consumer packaged goods.”4 It is headquartered in Kelowna, Canada.1 Its shares trade on Nasdaq under the symbol LEXX.1
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Last updated Oct 21, 2026.
Overview
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- TickerLEXX on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersKelowna, Canada1
- Incorporated inNV3
- Business address100 - 740 Mccurdy Road, Kelowna, A1 V1X 2P73
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation
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Lexaria Bioscience Corp. is a biotechnology company dedicated to the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients (“APIs”) using our patented DehydraTECH TM drug delivery technology. DehydraTECH combines APIs with specific long-chain fatty acid-rich triglyceride oils and carrier compounds that improve the way they enter the bloodstream, increasing their effectiveness and allowing for lower overall dosing for improved tolerability while promoting healthier oral ingestion methods.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
IP Licensing brought in 99% of the revenue Lexaria Bioscience Corp. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| IP Licensing | $458.0K | $696.0K |
| B2B | $6.3K | $9.9K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue0¢$2.7K
- Research and development100¢$8.2M
Out of $705.9K in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Revenue | $705.9K | $464.3K |
| Cost of goods sold | $2.7K | $4.8K |
| Gross profit | $703.2K | $459.5K |
| Research and development | $8.2M | $2.4M |
| General and administrative | $4.3M | $3.9M |
| Total operating expenses | $12.6M | $6.2M |
| Loss from operations | -$11.9M | -$5.8M |
| Interest income | $3.0K | $14.3K |
| Unrealized loss on marketable securities | -$33.7K | -$69.8K |
| Total other income (loss) | -$30.7K | -$55.5K |
| Net loss | -$11.9M | -$5.8M |
| Less: Net loss attributable to non-controlling interest | -$9.6K | -$13.3K |
| Net loss attributable to Lexaria shareholders | -$11.9M | -$5.8M |
| Foreign currency translation adjustment | -$50.5K | -$19.8K |
| Total comprehensive loss | -$12.0M | -$5.8M |
| Basic and diluted loss per share | -$0.66 | -$0.47 |
| - Basic and diluted | 18.0M shares | 12.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-08-31 | 2024-08-31 | 2023-08-31 |
|---|---|---|---|
| Cash | $1.8M | $6.5M | $1.4M |
| Short-term investments | $143.3K | $0 | |
| Marketable securities | $22.1K | $55.8K | |
| Accounts receivable | $368.4K | $154.5K | |
| Prepaid expenses and other current assets | $1.1M | $1.2M | |
| Total Current Assets | $3.5M | $7.9M | |
| Long-term receivables | $64.0K | $63.6K | |
| Right of use assets | $106.8K | $134.8K | |
| Intellectual property, net | $307.8K | $516.7K | |
| Property & equipment, net | $228.1K | $254.7K | |
| Total Non-current Assets | $706.8K | $969.8K | |
| TOTAL ASSETS | $4.2M | $8.9M | |
| Accounts payable and accrued liabilities | $1.5M | $1.1M | |
| Deferred revenue | $0 | $5.0K | |
| Lease liability, current | $30.4K | $28.0K | |
| Total Current Liabilities | $1.5M | $1.1M | |
| Lease liabilities - non-current | $78.9K | $109.3K | |
| TOTAL LIABILITIES | $1.6M | $1.2M | |
| Share Capital Authorized: 220,000,000 common voting shares with a par value of $0.001 per share Common shares issued and outstanding: 19,559,179 and 15,810,205 at August 31, 2025 and August 31, 2024, respectively | $19.6K | $15.8K | |
| Additional paid-in capital | $66.5M | $59.6M | |
| Accumulated Deficit | -$63.5M | -$51.6M | |
| Accumulated other comprehensive loss | -$70.3K | -$19.8K | |
| Equity attributable to shareholders of Lexaria | $3.0M | $8.0M | |
| Non-controlling Interest | -$386.9K | -$377.3K | |
| Total Stockholders' Equity | $2.6M | $7.7M | $2.7M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $4.2M | $8.9M | |
| Common stock, par value per share | $0.00 | $0.00 | |
| Common stock, shares authorized | 220.0M shares | 220.0M shares | |
| Common stock, shares, issued | 19.6M shares | 15.8M shares | |
| Common stock, shares, outstanding | 19.6M shares | 15.8M shares |
| Period ending | 2025-08-31 | 2024-08-31 | 2023-08-31 |
|---|---|---|---|
| Cash | $1.8M | $6.5M | $1.4M |
| Short-term investments | $143.3K | $0 | |
| Marketable securities | $22.1K | $55.8K | |
| Accounts receivable | $368.4K | $154.5K | |
| Prepaid expenses and other current assets | $1.1M | $1.2M | |
| Total Current Assets | $3.5M | $7.9M | |
| Long-term receivables | $64.0K | $63.6K | |
| Right of use assets | $106.8K | $134.8K | |
| Intellectual property, net | $307.8K | $516.7K | |
| Property & equipment, net | $228.1K | $254.7K | |
| Total Non-current Assets | $706.8K | $969.8K | |
| TOTAL ASSETS | $4.2M | $8.9M | |
| Accounts payable and accrued liabilities | $1.5M | $1.1M | |
| Deferred revenue | $0 | $5.0K | |
| Lease liability, current | $30.4K | $28.0K | |
| Total Current Liabilities | $1.5M | $1.1M | |
| Lease liabilities - non-current | $78.9K | $109.3K | |
| TOTAL LIABILITIES | $1.6M | $1.2M | |
| Share Capital Authorized: 220,000,000 common voting shares with a par value of $0.001 per share Common shares issued and outstanding: 19,559,179 and 15,810,205 at August 31, 2025 and August 31, 2024, respectively | $19.6K | $15.8K | |
| Additional paid-in capital | $66.5M | $59.6M | |
| Accumulated Deficit | -$63.5M | -$51.6M | |
| Accumulated other comprehensive loss | -$70.3K | -$19.8K | |
| Equity attributable to shareholders of Lexaria | $3.0M | $8.0M | |
| Non-controlling Interest | -$386.9K | -$377.3K | |
| Total Stockholders' Equity | $2.6M | $7.7M | $2.7M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $4.2M | $8.9M | |
| Common stock, par value per share | $0.00 | $0.00 | |
| Common stock, shares authorized | 220.0M shares | 220.0M shares | |
| Common stock, shares, issued | 19.6M shares | 15.8M shares | |
| Common stock, shares, outstanding | 19.6M shares | 15.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Net loss | -$11.9M | -$5.8M |
| Stock based compensation | $859.5K | $492.2K |
| Depreciation and amortization | $87.8K | $76.2K |
| Impairment loss | $247.4K | $57.8K |
| Bad debt expense | $0 | $7.8K |
| Noncash lease expense | $28.0K | $32.6K |
| Unrealized loss on marketable securities | $33.7K | $69.8K |
| Lease accretion | $9.0K | $6.7K |
| Accounts receivable | -$213.9K | -$35.6K |
| Prepaid expenses and deposits | $55.3K | -$641.0K |
| Long-term receivables | -$438 | -$15.0K |
| Accounts payable and accrued liabilities | $396.6K | $826.5K |
| Operating lease liability | -$37.1K | -$33.3K |
| Deferred revenue | -$5.0K | $5.0K |
| Net cash used in operating activities | -$10.5M | -$5.0M |
| Short-term investments | -$143.3K | $0 |
| Additions to intellectual property | -$75.1K | -$145.6K |
| Purchase of equipment | -$24.6K | -$43.0K |
| Net cash used in investing activities | -$243.0K | -$188.6K |
| Proceeds from exercise of stock options | $0 | $2.9K |
| Proceeds from shares sold for cash | $6.0M | $4.2M |
| Proceeds from exercise of warrants | $0 | $6.1M |
| Net cash provided by financing activities | $6.0M | $10.3M |
| Effect of exchange rate changes on cash | -$50.5K | -$19.8K |
| Net change in cash for the period | -$4.7M | $5.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Lexaria Bioscience Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Lexaria Bioscience Corp.
- Invenomic Capital Management LP Filed SC 13G/A on Lexaria Bioscience Corp., latest Nov 14, 2024 (4 filings since Feb 14, 2022)
- Wayne W. Boos Filed SC 13D/A on Lexaria Bioscience Corp., latest Sep 23, 2024 (5 filings since Sep 18, 2023)
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SC 13G/A on Lexaria Bioscience Corp., latest Feb 14, 2022
- Lexaria Bioscience Corp. Kelowna, Canada
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Lexaria Bioscience Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $729.3K9 Aug 31, 2024 | $695.6K9 Aug 31, 2023 | +4.9% |
| Accumulated depreciation | $517.6K9 Aug 31, 2024 | $475.2K9 Aug 31, 2023 | +8.9% |
| Property and equipment, net | $228.1K2 Aug 31, 2025 | $254.7K2 Aug 31, 2024 | −10.4% |
| Finance-lease assets | $106.8K2 Aug 31, 2025 | $134.8K2 Aug 31, 2024 | −20.8% |
| Operating-lease assets (leased space) | $134.8K2 Aug 31, 2025 | $167.4K2 Aug 31, 2024 | −19.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Marketable securities, current | $22.1K2 Aug 31, 2025 | $55.8K2 Aug 31, 2024 | −60.4% |
| Marketable securities, non-current | $349.1K2 Aug 31, 2025 | $14.1K2 Aug 31, 2024 | +2384.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $307.8K2 Aug 31, 2025 | $516.7K2 Aug 31, 2024 | −40.4% |
Properties, in its own words
Description of Property
The Company headquarters is in Kelowna, British Columbia Canada in a leased facility with 2,250 square feet of office space to accommodate our finance and administrative functions as well as a Health Canada approved research lab of approximately 1,000 square feet accommodating our in-house research and development team. The current lease has been extended for an additional five years expiring on November 14, 2028. We believe our current facilities are suitable and adequate for the Company’s current operational requirements.
Item 2 of the 10-K filed Nov 28, 2025.4
Leadership
Who has led Lexaria Bioscience Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerRichard Christopher Sep 5, 2024 to now14
- PresidentJohn Martin Docherty Apr 7, 2015 to now15
- PresidentLeonard Macmillan Jul 14, 2006 to Jul 14, 200616
- Chief financial officerNelson Cabatuan Mar 15, 2024 to Mar 15, 202417
- Chief financial officerMichael Elliot Shankman Oct 2, 2024 to now18
- Chief financial officerGregory Downey Apr 16, 2021 to Oct 18, 202219
- Chief financial officerAllan Horst Spissinger Jun 8, 2017 to Apr 23, 202020
- Chief financial officerBaljinder Bhullar May 20, 2009 to Dec 16, 201521
- Chief financial officerDiane Rees Jul 14, 2006 to Jul 14, 200622
Board members and other officers (15)
- SecretaryVanessa Carle Apr 16, 2021 to now23
- Sr. VP, Business DevelopmentThomas James Ihrke Oct 27, 2010 to Jan 11, 201124
- Vice President - Corp DevelopLeonard Macmillan Mar 11, 2008 to Jan 6, 201025
- Board memberRichard Christopher May 16, 2025 to now26
- Board memberCatherine C. Turkel Sep 6, 2022 to Aug 13, 202427
- Board memberAlbert L. Reese Jr. Jan 14, 2021 to now28
- Board memberBrian W. Quigley Aug 16, 2019 to Apr 23, 202029
- Board memberJohn Martin Docherty Jun 24, 2016 to now30
- Board memberWilliam Edward McKechnie Nov 17, 2015 to now31
- Board memberDustin Arthur Elford Jul 28, 2011 to Jul 28, 201132
- Board memberNicholas W. Baxter Nov 3, 2011 to now33
- Board memberBaljinder Bhullar May 20, 2009 to now21
- Board memberDavid Demartini Sep 23, 2009 to Dec 23, 201334
- Board memberDiane Rees Jul 14, 2006 to Jul 14, 200622
- Board memberLeonard Macmillan Jul 14, 2006 to Jan 6, 201016
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Lexaria Corp.Mar 3, 2008 to May 11, 20163
Timeline
- Sep 9, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure37
- Sep 1, 20268-K Other events38
- Aug 17, 20268-K Other events39
- Aug 10, 20268-K Listing notice or transfer40
- Jul 30, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed41
- Feb 6, 20268-K Listing notice or transfer42
- Jan 28, 20268-K Shareholder vote43
- Dec 16, 20258-K Entered a material agreement; Unregistered sale of shares; Other events44
- Sep 29, 20258-K Entered a material agreement; Unregistered sale of shares; Other events45
- Sep 25, 20258-K Ended a material agreement46
- Jun 12, 20258-K Entered a material agreement47
- Apr 28, 20258-K Entered a material agreement; Unregistered sale of shares; Other events48
- Sep 5, 2024New chief executive Richard Christopher becomes CEO14
Calendar
Coming up
- Nov 25, 2026Reports results for the quarter ending Aug/2026 A year earlier it reported ($1.95) a share, on Nov 26, 2025.49
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
257 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 64 major events, 63 insider forms, 10 large holders, 8 private raises, 90 other. The latest 20:
- Oct 13, 2026EFFECT EDGAR
- Oct 13, 2026424B3 424 B3 EDGAR
- Oct 2, 2026S-3 EDGAR
- Sep 21, 2026D EDGAR
- Sep 9, 20268-K EDGAR
- Sep 1, 20268-K EDGAR
- Aug 17, 20268-K EDGAR
- Aug 10, 20268-K EDGAR
- Jul 30, 20268-K EDGAR
- Jul 13, 202610-Q EDGAR
- Apr 13, 202610-Q EDGAR
- Mar 18, 20264 PRIMARY DOCUMENT EDGAR
- Feb 6, 20268-K EDGAR
- Jan 28, 20268-K EDGAR
- Jan 28, 2026S-8 EDGAR
- Jan 14, 2026EFFECT EDGAR
- Jan 14, 2026424B3 EDGAR
- Jan 14, 202625-NSE EDGAR
- Jan 13, 202610-Q EDGAR
- Dec 29, 2025S-3 FORM S-1 EDGAR
The 257 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
14 open-market trades by officers, directors and large owners since October 2021: 13 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 30, 2025 | BUNKA CHRISTOPHERDirector | Buy | 11,900 | $0.91 | $10.8K | Form 4 |
| Jul 29, 2025 | BUNKA CHRISTOPHERDirector | Buy | 15,600 | $0.92 | $14.4K | Form 4 |
| Jul 29, 2025 | McKechnie William EdwardDirector | Buy | 5,000 | $0.91 | $4.5K | Form 4 |
| Jul 29, 2025 | DOCHERTY JOHN MARTINPresident & CSO | Buy | 5,376 | $0.93 | $5.0K | Form 4 |
| Jul 29, 2025 | Carle VanessaSecretary | Buy | 750 | $0.91 | $682 | Form 4 |
| Jul 29, 2025 | CHRISTOPHER RICHARDChief Executive Officer | Buy | 15,000 | $0.91 | $13.7K | Form 4 |
| Dec 3, 2024 | CHRISTOPHER RICHARDChief Executive Officer | Buy | 27,172 | $2.47 | $67.1K | Form 4 |
| Dec 2, 2024 | CHRISTOPHER RICHARDChief Executive Officer | Buy | 22,828 | $2.24 | $51.1K | Form 4 |
| Aug 12, 2024 | TURKEL CATHERINE C.Director | Buy | 1,600 | $3.13 | $5.0K | Form 4 |
| Jul 31, 2024 | Carle VanessaSecretary | Sale | 2,567 | $4.00 | $10.3K | Form 4 |
| Feb 9, 2023 | TURKEL CATHERINE C.Director | Buy | 1,500 | $2.84 | $4.3K | Form 4 |
| Oct 14, 2022 | Downey GregoryChief Financial Officer | Buy | 121 | $2.09 | $253 | Form 4 |
| Oct 13, 2022 | BUNKA CHRISTOPHERDirector | Buy | 16,600 | $2.10 | $34.9K | Form 4 |
| Oct 12, 2022 | BUNKA CHRISTOPHERDirector | Buy | 21,900 | $1.99 | $43.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Invenomic Capital Management LPSC 13G/A, 4 filings Feb 14, 2022 to Nov 14, 202450
- Wayne W. BoosSC 13D/A, 5 filings Sep 18, 2023 to Sep 23, 202451
- L1 Capital Global Opportunities Master Fund, Ltd.SC 13G/A, 1 filing Feb 14, 202252
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $19.3M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $113.5K | $113.5K |
| 2025 | $7.5M | $7.5M |
| 2024 | $9.0M | $9.0M |
| 2023 | $1.6M | $1.6M |
| 2021 | $1.2M | $1.2M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Sep 9, 2026Raised $113,492 in a private offering of securities35 Form D: 3 investors so far Form D
- Dec 16, 2025Raised $3.5 million in a private offering of securities53 Form D: 5 investors so far Form D
- Sep 29, 2025Raised $4 million in a private offering of securities54 Form D: 5 investors so far Form D
- Oct 16, 2024Raised $5 million in a private offering of securities36 Form D: 1 investor so far Form D
- Apr 30, 2024Raised $364,629 in a private offering of securities55 Form D: 1 investor so far Form D
- Feb 16, 2024Raised $3.6 million in a private offering of securities56 Form D: 2 investors so far Form D
- Oct 3, 2023Raised $1.6 million in a private offering of securities57 Form D: 1 investor so far Form D
- Dec 16, 2021Raised $1.2 million in a private offering of equity58 Form D: 1 investor so far Form D
SEC filer profile
How Lexaria Bioscience Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLexaria Bioscience Corp.1
- CIK0001348362
- Employer ID (EIN)20-20008714
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsAugust 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address100 - 740 Mccurdy Road, Kelowna, A1 V1X 2P71
- Phone250-765-64241
- Shares outstanding24,787,446 as of Jul 13, 202613
- Public float$24.6M as of Feb 28, 20254
- AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMar 1, 20061
- Filings1,098 in all: 4 (395), 8-K (378), 10-Q (55), EFFECT (25), CORRESP (20), 10-K (17), 3 (16), DEF 14A (16)1
All 47 form types
424B3 (15), D (15), UPLOAD (15), SC 13D/A (12), 4/A (9), 424B5 (9), POS AM (9), S-1 (9), S-8 (8), PRE 14A (7), 10-K/A (6), 10QSB (6), S-1/A (6), S-3 (5), SC 13G/A (4), 10-Q/A (3), 424B4 (3), 8-K/A (3), SB-2/A (3), SC 13D (3), 10KSB (2), 10KSB/A (2), CT ORDER (2), DEFA14A (2), S-4/A (2), SB-2 (2), SC 13G (2), 10-KT (1), 25-NSE (1), 8-A12B (1), 8-A12G (1), CERT (1), DEF 14C (1), DRS (1), NT 10-K (1), NTN 10K (1), RW (1), S-1MEF (1), S-4 (1)
- Latest filingsAnnual report (10-K) Nov 28, 2025
Quarterly report (10-Q) Jul 13, 2026
Proxy statement (DEF 14A) Dec 10, 2025
Latest 8-K (8-K) Sep 9, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, Par Value $0.001 | LEXX | Nasdaq |
From the cover page of the 10-K filed Nov 28, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Lexaria Bioscience Corp. names in Item 1A of its 10-K filed Nov 28, 2025: 27 risks under these headings, as written.4
- A. Risks Associated with our Business and Industry
- DehydraTECH-enabled pharmaceutical products may not successfully proceed to commercialization.
- If we are unable to retain and hire qualified personnel, we may not be able to implement our business plan successfully.
- We face substantial competition, which may result in others discovering, developing and/or commercializing technology or products similar to ours before or more successfully than us.
- Any failure in protecting our intellectual property may have a negative impact on our ability to develop and license DehydraTECH.
- Technological R&D in the bioscience industry involves a lengthy, expensive process with an uncertain outcome. We may incur additional costs or experience delays in completing, or ultimately be unable to complete our studies or trials.
- If we are unable to obtain and maintain sufficient patent protection, or if the scope of the patent protection is not sufficiently broad, our competitors could develop technology similar to ours.
- We are dependent on the services of third parties and unsatisfactory performance will negatively affect our Company.
- Any failure to prevent or mitigate security breaches and improper access to or disclosure of our data or our user data could result in the loss or misuse of such data, which could harm our business and reputation and diminish our competitive position.
- We may be subject to claims that our employees, consultants, or independent contractors have wrongfully used or disclosed alleged trade secrets.
- B. Risks Associated with our Financial Condition
- There is substantial doubt as to our ability to continue as a going concern, which may affect our ability to obtain future financing and may require us to curtail or cease our operations.
The other 15 risks
- Without additional financing to develop our business plan, our business may fail.
- The longer-term growth of our business depends on our ability to expand our portfolio of patents and industry segments where DehydraTECH is demonstrably applicable, which may require substantial financial resources and may ultimately be unsuccessful.
- We may enter into collaborations with third parties for the development and commercialization of our product candidates. If we fail to enter into such collaborations, or such collaborations are not successful, we may not be able to capitalize on the market potential of our product candidates.
- C. Risk Associated with Current Regulatory Environments
- Our product candidates are in an early stage of development and may fail or experience significant delays or may never advance to the clinical stage, which may materially and adversely impact our business.
- Pharmaceutical products incorporating DehydraTECH have never been approved for the treatment of disease.
- Pharmaceutical products using CBD as an API have limited approval for the treatment of any disease.
- Regulation of non-pharmaceutical hemp-based CBD products is evolving.
- Controlled substance legislation differs between localities. Legislation in certain jurisdictions may restrict or limit our ability to develop and commercialize products using DehydraTECH.
- D. Risks Associated with Securities Markets and Ownership of our Common Stock
- The trading price of the shares of our common stock could be highly volatile and as such investors could incur substantial losses.
- Our by-laws do not contain anti-takeover provisions, which could result in a change of our executive management and directors if there is a take-over of our Company.
- We do not intend to pay any dividends on our shares.
- Purchasers of our shares may incur dilution.
- We are a “smaller reporting company” under the SEC’s disclosure rules and have elected to comply with the reduced disclosure requirements applicable to smaller reporting companies.
Legal proceedings
We are not party to any material, pending or existing legal proceedings against our Company or its subsidiaries nor are we involved as a plaintiff in any other material proceeding or pending litigation. There are no other proceedings in which any of our directors, executive officers, or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to Lexaria or any of its subsidiaries.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARJohn Martin Docherty, President
- 16SEC EDGARLeonard Macmillan, President
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- 22SEC EDGARDiane Rees, Chief financial officer
- 23SEC EDGARVanessa Carle, Secretary
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- 26SEC EDGARRichard Christopher, Board member
- 27SEC EDGARCatherine C. Turkel, Board member
- 28SEC EDGARAlbert L. Reese Jr., Board member
- 29SEC EDGARBrian W. Quigley, Board member
- 30SEC EDGARJohn Martin Docherty, Board member
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- 32SEC EDGARDustin Arthur Elford, Board member
- 33SEC EDGARNicholas W. Baxter, Board member
- 34SEC EDGARDavid Demartini, Board member
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- 38SEC EDGAROther events
- 39SEC EDGAROther events
- 40SEC EDGARListing notice or transfer
- 41
- 42SEC EDGARListing notice or transfer
- 43SEC EDGARShareholder vote
- 44
- 45
- 46SEC EDGAREnded a material agreement
- 47SEC EDGAREntered a material agreement
- 48
- 49NasdaqNasdaq calendar
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