Full Press Release Details
Lexaria Adds to Management Team
Kelowna, BC-April 24, 2014 - Lexaria Corp. (LXRP-OTCQB) (LXX-CSE) (the "Company" or "Lexaria") is pleased to announce new Managers joining the Company and assisting in the development and growth of the Ontario marijuana
production facility.
Mr. Greg Boone has been named Lexaria's Human Resource Manager, with the responsibility of placing key managers and executives not just in the new Ontario production facility, but also Company-wide as necessary. Greg is the President of HEC
Group, an executive search and management consulting company that specializes in building high performance teams to build and grow emerging companies. For more than 15 years Greg has built relationships with a significant network of professionals in
many industrial sectors, including food, pharmaceutical, regulatory/quality assurance, logistics/supply chain, and more. Greg will also assist in establishing key human resource policies at the new facility.
"I am excited and truly pleased to be joining the Lexaria organization. I look forward to spearheading the recruitment efforts to attract expertise in various disciplines to solidify our position as a leader in the emerging medical marijuana
industry in Canada," said Greg Boone.
Lexaria is also pleased to welcome Mr. Clark Kent as Media Manager to implement media needs for the new Ontario production facility as well as broader Company media strategies. Clark has over 8 years
experience in media management, communications and marketing and will be a single point of contact for media and communications enquiries within Canada. He has previous experience in fields such as resources and also in medical diagnostics. Clark
will produce corporate marketing materials and work with the media to ensure consistent and concise messaging.
"I welcome both Greg and Clark and I know their contributions will help position Lexaria for the success we are striving towards." said Chris Bunka, CEO of Lexaria "Key appointments such as these, and the knowledge and experience
represented by these latest members of our team, will continue to enable Lexaria to distinguish itself in this rapidly emerging industry through the quality and dedication of its people." The consultants are each eligible to receive up to
577,500 restricted common shares of stock over time in their respective roles as an Advisory Board members, depending on certain specified performance thresholds being reached.
Lexaria's shares are 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: Lexaria
Chris Bunka, Chairman & CEO: (250) 765-6424
Manager: (647) 519-2646
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. 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. It is impossible to identify all such factors but they include and
are not limited to the existence of underground deposits of commercial
quantities of oil and gas; cessation or delays in exploration because of
mechanical, weather, operating, financial or other problems; capital
expenditures that are higher than anticipated; or exploration opportunities
being fewer than currently anticipated. There can be no assurance that road or
site conditions will be favorable for field work; no assurance that well
treatments or workovers will have any effect on oil or gas production; no
assurance that oil field interconnections will have any measurable impact on oil
or gas production or on field operations, and no assurance that any expected new
well(s) will be drilled or have any impact on the Company. There can be no
assurance that expected oil and gas production will actually materialize; and
thus no assurance that expected revenue will actually occur. There is no
assurance the Company will have sufficient funds to drill additional wells, or
to complete acquisitions or other business transactions. Such forward looking
statements also include estimated cash flows, revenue and current and/or future
rates of production of oil and natural gas, which can and will fluctuate for a
variety of reasons; oil and gas reserve quantities produced by third parties;
and intentions to participate in future exploration drilling. Adverse weather
conditions including but not limited to surface flooding can delay operations,
impact production, and cause reductions in revenue. The Company may not have
sufficient expertise to thoroughly exploit its oil and gas properties. The
Company may not have sufficient funding to thoroughly explore, drill or develop
its properties. 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.
Current oil and gas production rates may not be sustainable and targeted
production rates may not occur. 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 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 business or any member of the
Advisory Board or Management team will provide any benefit to Lexaria.
The CNSX has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
Lexaria Announces Managers of Ontario Facility and First Phase Production Plans
Kelowna, BC-April 25, 2014 - Lexaria Corp. (LXRP-OTCQB) (LXX-CSE) (the "Company" or "Lexaria") is pleased to announce the appointment of its management team for its new Ontario marijuana production facility.
Mr. Don Shaxon has been named Lexaria's Ontario Operations Manager, having responsibility for Lexaria's current facility as well as potential future production locations. Don has nearly 20 years experience in the public markets, and has
worked in the cannabis industry in the USA for both Cannabis Science Inc and for Endocan Corp; and more recently has joined Enertopia Corp. Don held a Canadian medical marijuana production licence under the recent MMAR program. Don will be
intimately involved in production design, layout, and ongoing operations.
"Words cannot describe how truly excited I am to be running the Ontario operations for Enertopia and Lexaria. The healing properties of cannabis are undeniable and it's a great feeling for me, knowing we'll be supplying Canadian patients with
the quality medicine they rightfully deserve. I'm very much looking forward to solidifying our position as a leader in the emerging medical marijuana industry in Canada." said Don Shaxon. Mr. Shaxon has been instrumental in assembling the new
Ontario team for the Lexaria/Enertopia joint venture project and Lexaria extends its thanks for his important contributions.
Lexaria is also announcing Mr. Jason Springett as Master Grower for the new facility. Jason is currently serving on the Lexaria Advisory Board where he will remain, and he will now add all the responsibilities of Master Grower. Jason has extensive
knowledge and experience in the medical marijuana sector having been a licensed grower under existing Health Canada regulations for many years. He has experience with multi-strain growing including THC-free CBD strains; with both organic growing and
non-toxic pest control and non organic growing techniques; with yield optimizations strategies such as highly monitored and controlled light, heat, CO2; remote monitoring and controls, and much more.
"Our operations team have the expertise and ambition to build this Ontario marijuana production facility into one of the world's best, and we will settle for nothing less." said Chris Bunka, CEO of Lexaria "The
Lexaria/Enertopia joint venture is gaining traction and we continue to add talented world-class individuals to our growing team. "
Lexaria also reports that, following a site visit last week, design and engineering of the facility is underway.
HVAC, electrical, structural, production optimization and floor design, and plant and process security are just some of the aspects of the project that are now being planned.
The project is being designed as one of Canada's largest and most advanced marijuana production facilities. Production areas are expected to be completed in either two or three stages, with an initial production area of 20,000 - 25,000
square feet being contemplated at this time. Ultimate production capacity at this location is up to 65,000 square feet on a single floor, or more if a second floor design is utilized in whole or in part.
Each of the managers are eligible to receive up to 577,500 restricted common shares of stock over time in their respective roles as an Advisory Board members, depending on certain specified performance thresholds being reached.
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's shares are 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:
Chris Bunka, CEO: (250) 765-6424
Clark Kent, Media Manager: (647) 519-2646
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. 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. It is impossible to identify all such factors but they include and
are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than
anticipated; or exploration opportunities being fewer than currently anticipated. There can be no assurance that road or site conditions will be favorable for field work; no assurance that well treatments or workovers will have any effect on oil or