Good Morning Traders, Lots…of…Action! The fact that Lexaria Corp: LXRP co-owns and co-manages a marijuana facility roughly 30,000 sq. ft. in Canada is another strong reason to be bullish. Health officials in Canada are calling for legalization and most young Canadians see the plant as a harmless herb. A takeoff in Canada will be no less lucrative than it has proven so far stateside! Fundamentals are gaining speed daily – This morning Breaking News sets the tone early and often with more aggressive growth inside the hottest sector in all the markets! On the technical front the stock is ready for action. The stock has settled below .10 after hitting .79 so there seems to be plenty upside potential from current levels.
Average volume is strong enough to provide healthy daily liquidity.
Take a good look at this one now; it has strong fundamentals and strong technicals towards match, set and point! ► Our Massive Medical MJ Alert is:
► Lexaria Corp. – Ticker: LXRP LXRP: Three High-Rising Catalysts to Consider 1. LXRP is massively undervalued at current levels. It`s current price tag is a trifle compared to the 12-month high and will be a huge draw for traders.
2. LXRP`s licensed marijuana application is a big reason the stock could go even higher than the .79 reached over the last year.
3. LXRP has a very strong news profile, now filter in Today`s BREAKING NEWS which was just dropped and yet to be traded upon! Coupled with its undervalued status means that interest levels next session will be very high.
Breaking News: Lexaria Continues Transformation into Alternative Health Sector KELOWNA, BC / ACCESSWIRE / November 12, 2014 / Lexaria Corp.
(LXRP) (CSE:LXX) (the “Company” or “Lexaria”) announces has entered an agreement and has begun a staged acquisition of a corporation and its expertise in delivering Cannabidiol (CBD)-infused products.
This marks a major milestone for Lexaria as it is both our first foray into the United States based on a product derived from legal industrial hemp; and it is also Lexaria`s first step into the large alternative health and wellness sector.
Lexaria has initially acquired 51% of PoViva Corp, and can ultimately acquire up to 75% of the company through staged transactions. 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.
PoViva owns two patents pending that govern the process used to infuse the CBD into food products, and both patents pending are part of the acquisition. An initial cash payment has been made to PoViva and Lexaria currently has sufficient cash resources to completely fund and launch the acquisition. Lexaria does not require any equity financing to complete the transaction.
Read the full breaking news source here:
http://clicks.aweber.com/y/ct/l=4k3kt&m=3cigY8w36H976pl&b=ZwvuNwBooaiLZEdfpFCjIA LXRP Announces Tremendous Progress on Numerous Fronts LXRP confirmed that it has submitted an application to become a Licensed Producer under Canada`s MMPR program in July 2014 and it`s now in the preliminary screening process. Operations manager for Ontario, Mr. Donald Shaxon, is diligently working to progress the project through regulatory approval, while the joint venture has also requested a Ready-to-Build Letter from Health Canada.
The Burlington Joint Venture has applied to produce up to 10,000 kilograms of medical marijuana per year under Canada`s MMPR program. Its partner, Enertopia Corp. (ENRT) has a 51% interest in the project, while Lexaria has a 49% interest in the project. The two have also been actively involved in the local community and working with law enforcement to improve security.
The company also confirmed the launch of a National Medical Marijuana Awareness and Outreach Strategy in conjunction with Maureen McGrath, RN, in order to educate physicians and the public about the benefits of medical marijuana. Ms. McGrath is well known for hosting the popular CKNW Sunday Night Spotlight Show – a weekly call-in radio program – as well as a number of other radio shows and magazines.
As a part of the plan, Ms. McGrath will be educating physicians, pharmacists, and other healthcare practitioners, as well as the public, on the benefits and cautions related to the responsible use of medical marijuana for patients in need. The company intends for her to reach out via town hall style meetings as well as through media outlets to liaise with those persons with interest in the field.
You can see the rest of the release here:
http://clicks.aweber.com/y/ct/l=4k3kt&m=3cigY8w36H976pl&b=hcmI.nIjIth5GVitskojBQ LXRP has very good upside and bounce potential as you can see from just a few months ago and it`s rocket ship price action to boot! RSI is just 52 and is currently sitting in a prime spot for further upside activity.
The stock has average volume of 67K and has seen consistent rallies over the last 12 months take it to a high of .79! LXRP is up 64% since January, another clear indication of being able to hold valuable gains for investors! Market valuation is currently discounted to the stocks 50 DMA which presents massive upside potential.
I`m urging all members to begin your research immediately, and lets be ready for LXRP in the early morning hours! The Crew Chief www.StockRunway.com info@StockRunway.com Copyright 2010 StockRunway.com All Rights Reserved. Protected by copyright laws of the United States and international treaties.
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