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| Two 30% or more gainers on last two picks. We think LXRP is set up nicely for a great day tomorrow! |
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 Hot Stock to Watch |
Company: Lexaria Corp. (OTCQB: LXRP)
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Last:
Price: 0.1065
Change (%): + 0.0115 (12.10)
Volume: 348,908 |
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Lexaria Updates Burlington License Application
KELOWNA, BC / ACCESSWIRE / December 9, 2014 / Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce progress on the Burlington, Ontario MMPR license application.
Health Canada has advised our joint venture partner Enertopia Corp (ENRT) that the Burlington, Ontario application has advanced to the Enhanced Screening Stage of the application process.
The Burlington Joint Venture with Enertopia Corp originally applied in July 2014 to produce 10,000kg of Medical Marihuana per year under its Licensed Producer application. Enertopia has 51% interest in the joint venture and Lexaria Corp 49% as earlier released.
Health Canada has noted the following steps in processing an application. Note there are no specific process times for each step:
Step 1: Preliminary Screening (Completed)
Step 2: Enhanced Screening (Underway)
Step 3: Security Clearance
Step 4: Review
Step 5: Ready to build letter (if required by applicant)
Step 6: Pre-licence inspection
Step 7: Licensing
The current application is thorough and has been considerably improved by improvements made during the Preliminary Screening process, which has now been completed. The Burlington JV has requested a Ready To Build letter from Health Canada once the application has completed step 4 of the approval process.
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