Lexaria Forward Stock Split Confirmed

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Lexaria-230x130

KELOWNA, British Columbia, Dec. 16, 2015 /Weed Wire/ —  Lexaria Corp. (OTCQB: LXRPD) (CNSX: LXX) (the “Company” or “Lexaria”) confirms the earlier announced Lexaria forward stock split has taken place and the company’s shares begin trading on a post-split basis today at the open of trading.

On November 24, 2015, our board of directors approved a forward stock split of our authorized and issued and outstanding shares of common stock on a basis of 1 old share of common stock for 1.1 new shares of common stock.  Upon effect of the forward stock split our authorized capital will increase to 220,000,000 shares of common stock, par value $0.001.

The reverse stock split has been reviewed by the Financial Industry Regulatory Authority (“FINRA”) and the Canadian Securities Exchange (“CSE”) and has been approved for filing with an effective date of December 16, 2015. The Company’s trading symbol on the Canadian Securities Exchange remains unchanged: LXX.

The forward split is effective with the OTC Markets at the opening of trading on December 16, 2015 under the symbol “LXRPD”.  The “D” will be placed on our ticker symbol for 20 business days, and then the trading symbol will revert back to “LXRP”.    Our new CUSIP number is 52886N307.

Lexaria thanks its shareholders for their continued support and will in the future provide information at an appropriate time if our board of directors should decide at some point in the future to once again effect a forward stock split of the company’s shares.

About Lexaria
Lexaria is a food sciences company, with common shares quoted in the USA with symbol LXRP and in Canada with symbol LXX. The Company uses innovative technology to deliver unique food experiences.    www.lexarienergy.com.

FOR FURTHER INFORMATION PLEASE CONTACT
Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements, including but not limited to: the provision of any significant investor relations or media relations services. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, the patent application and approval process and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana, hemp oil sector, or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors. There is no assurance that existing capital is sufficient for the Company’s needs or that it will not need to attempt to raise additional capital. There is no assurance that any planned corporate activity, business venture, or initiative will be pursued, or if pursued, will be successful. There is no assurance that any hemp oil or cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever. There is no assurance that the cannabinoid/lipid infusion technology will provide any increase in bioavailability to any individual person.  There is no assurance that any patent application in the USA or any other nation or under any treaty will result in the award of an actual patent; nor that an award of any actual patent will protect against challenges from unknown third parties. There is no assurance that any of Lexaria’s postulated uses, benefits, or advantages for the patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPovaTM products and Lexaria Energy products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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