A Kelowna company has locked into a beverage licence agreement with a California cannabis company.
Lexaria Bioscience Corp., which is a drug delivery platform innovator, will provide its patented DehydraTECH technology to the private company whose identity has not been disclosed.
The cannabis company is producing cannabis-based beverages to be sold in California and Nevada. The DehydraTECH-enabled beverages are protected under Lexaria’s many existing US-granted patents and may include any combination of ready-to-drink beverages such as non-alcoholic beers, wines and spirits; cold or hot coffee or teas, sports drinks and much more.
The financial details of the agreement were not disclosed.
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