Journal content

Nicotine increases as smoking decreases

NetworkNewsWire editorial coverage: Looks like yesterday people were smoking cigarettes everywhere; many people still have memories of grandfather puffing on his camels. It wasn’t until 1993 that smoking was banned in hospitals and in airplanes in 1998. Despite these and other restrictions, the global market for nicotine products remains incredibly robust. Total global retail sales associated with the nicotine ecosystem in 2020 reached approximately $853 billionwith approximately 5.2 trillion cigarette sticks sold at retail. Nicotine isn’t just big business, it’s big business, and companies are constantly looking for ways to retain and grow their market share.

The majors are increasingly turning to innovation and alternative delivery methods to achieve their goals. An example of this is the revolutionary technology ofLexaria Bioscience Corp. (NASDAQ: LEXX) (Profile)and its patented DehydraTECH(TM) delivery platform. Suitable for use in a wide range of product formats such as pharmaceuticals, nutraceuticals and over-the-counter products, Lexaria’s DehydraTECH also increases the delivery characteristics of orally administered nicotine.

Several companies have already licensed the DehydraTECH technology and are paying royalties to Lexaria for its use. Lexaria has licensed DehydraTECH toAltria Group (NYSE: MO), the nation’s largest tobacco company, which is currently evaluating the technology for possible use in unburned oral nicotine products. Besides,British American Tobacco Industries plc ADR (NYSE: BTI)has done an initial assessment of Lexaria’s technology, and the market is waiting to hear if either company might implement it. Meanwhile,Philip Morris International (NYSE:PM)aggressively pursue tobacco-free nicotine productsGlaxoSmithKline PLC (NYSE:GSK)tries to wean people off nicotine

Learn more >>

About NetworkNewsWire

NetworkNewsWire(“NNW”) is a financial news and content distribution company, one of more than 50 brands in theInvestorBrandNetwork(“IBN”), which provides:(1) access to a network of wired solutions viaInvestorWirereach all target markets, industries and demographics in the most effective way possible;(2) syndication of articles and op-eds to over 5,000 news outlets;(3) enhanced press release solutions to ensure maximum impact;(4) social media distribution via millions of IBN social media followers;and (5) a full line of business communication solutions. As a multi-faceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies wishing to reach broad audiences including investors, consumers, journalists and the general public. By reducing the information overload in today’s market, NNW brings unparalleled visibility, recognition and brand awareness to its clients. NNW is where news, content and information converge.

To receive SMS alerts from NetworkNewsWire, text “STOCKS” to 77948 (US cell phones only)

For more information, please visithttps://www.NetworkNewsWire.com

Please review the full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever posted or republished:http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]

NetworkNewsWire is part of theInvestorBrandNetwork

DISCLAIMER: NetworkNewsWire (NNW) is the source of the article and content listed above. References to any issuer other than the Issuer Profiled are for the sole purpose of identifying industry participants and do not constitute an endorsement of any issuer or a comparison with the Issuer Profiled. The comments, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this article and its contents agree that they cannot and will not seek to hold NNW responsible for the investment decisions of their readers or subscribers. NNW is a provider of information dissemination and financial marketing solutions and are NOT registered brokers/analysts/investment advisers, hold no investment license and may NOT sell, offer to sell or offer to buy titles.

The article and content related to the profiled company represent the personal and subjective opinions of the author and are subject to change at any time without notice. The information provided in the article and the content have been obtained from sources that the author considers reliable. However, the author has not independently verified or investigated all of this information. Neither the author nor NNW nor any of their respective affiliates warrant the accuracy or completeness of this information. This article and its contents are not and should not be considered investment advice or a recommendation regarding any particular stock or course of action; readers are strongly advised to speak with their own investment adviser and review all documents filed by the profiled issuer with the Securities and Exchange Commission before making any investment decision and should understand the risks associated with investing in the securities of the profiled issuer, including but not limited to the total loss of your investment.

NNW DOES NOT HOLD ANY SHARES IN ANY COMPANY NAMED IN THIS PRESS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results or strategies and are generally preceded by words such as “may”, “future ”, “plans” or “expected”, “will” or “should”, “expects”, “anticipates”, “draft”, “possibly” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ. significantly from those projected. in forward-looking statements due to various factors and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings by that company with the Securities and Exchange Commission. You should consider these factors when evaluating the forward-looking statements included herein and not place undue reliance on such statements. The forward-looking statements contained in this release are made as of the date hereof and NNW undertakes no obligation to update such statements.

COMTEX_407697964/2801/2022-05-24T14:43:42