KELOWNA, B.C., Sept. 16, 2015 / Weed Wire/ — Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the “Company” or “Lexaria”) is happy to welcome Mr. Ted McKechnie to its Board of Directors, effective immediately.
Ted is a senior entrepreneurial executive with extensive Board and Senior Management Experience in the consumer goods industry with a proven track record for achieving corporate financial and growth objectives. He is the former President and COO of Maple Leaf Foods, which in 2014 had revenue of over CDN $3.1 billion dollars.
He has held executive positions with Kraft, Frito Lay, General Foods, PepsiCo, and Philip Morris Companies. He is the Founder, Chairman and CEO of Canada’s Technology For Food. Ted is an energetic leader experienced in building teams in marketing, sales and supply chain management. Ted is the recipient of the Philip Morris Chairman’s Award for “recognition of extraordinary contributions having a significant and lasting impact on the Corporation.”
Ted will contribute to Lexaria’s pursuit of excellence in hemp oil fortified food manufacturing as well as assisting in opening retail distribution channels.
“I am delighted to welcome Ted to our Board of Directors,” said Chris Bunka, Chairman. “Ted has vast experience in the food industry and his knowledge and contacts within the industry throughout North America will be of significant benefit to the Company.”
Mr. McKechnie is being awarded 100,000 restricted common shares, and options to purchase a further 100,000 restricted common shares at US$0.19, valid for up to five years from date of issuance.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Lexaria is a food sciences company, with common shares quoted in the USA with symbol LXRP and in Canada with symbol LXX. The company searches for projects that could provide potential above-market returns.
To learn more about Lexaria Corp. visit www.lexariaenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chairman & CEO