Lexaria Bioscience Corp. (NASDAQ: LEXX) Moves Forward With Exploration of Patented DehydraTECH(TM)-Processed CBD for Dementia

 

• Approximately 55 million people worldwide have dementia, which is expected to grow to 78 million by 2030
• The dementia treatment market was valued at $13.78 billion in 2021. The market is expected to grow at a CAGR of 8.32%, resulting in a value of $26.13 billion by 2029
• Clinical studies have established a connection between hypertension and dementia
• With DehydraTECH(TM)-CBD already evidencing that it can lower blood pressure  and its propensity to cross the blood-brain barrier, Lexaria is investigating the potential for a positive outcome in the DEM-A22-1 study

According to the World Health Organization (“WHO”), dementia is the seventh leading cause of death among all diseases and one major cause of disability and dependency among older people worldwide. Dementia is characterized by the deterioration of cognitive function, affecting memory, thinking, orientation, comprehension, calculation, learning capacity, language, and judgment. Although consciousness is not impaired, it is commonly accompanied by mood changes, emotional control deficits, behavior changes, and motivational impairments. It is estimated that approximately 55 million people have dementia worldwide, a number expected to grow to 78 million by 2030 (https://nnw.fm/STOC0).

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, is exploring its patented DehydraTECH(TM)-processed cannabidiol (“CBD”) for use against dementia. As previously evidenced in animal studies, DehydraTECH-CBD crosses the blood-brain barrier much more effectively than originally thought possible.

Clinical studies have established a connection between hypertension and dementia – individuals who have high blood pressure are more likely to develop vascular dementia, which is the second most common form of dementia, following Alzheimer’s Disease. Vascular dementia is caused by a reduced blood flow to the brain, starving brain cells of oxygen and nutrients needed to function properly. Previous studies of DehydraTECH-CBD for potential hypertension treatment have proved successful with no adverse reactions experienced by subjects in the human trials.

The company recently announced the launch of its first-ever study to investigate DehydraTECH-CBD and dementia (DEM-A22-1). Given the propensity of DehydraTECH-CBD to cross the blood-brain barrier, the established fact that it lowers human blood pressure, and CBD’s vasodilation properties, Lexaria is eager to investigate the potential of DehydraTECH-CBD’s positive effects on dementia (https://nnw.fm/BDDsW).

Based on research conducted by Maximize Marketing Research (“MMR”), the dementia treatment market was valued at $13.78 billion in 2021. The market is expected to grow at a CAGR of 8.32%, resulting in a value of $26.13 billion by 2029. An increase in R&D expenditures, increased frequency of Alzheimer’s Disease indications, a surge in the geriatric population, an upsurge in awareness about neurodegenerative diseases in emerging countries, and a rich pipeline of new treatment alternatives are expected to drive the market during the forecast period (https://nnw.fm/Eed6x). 

The DEM-A22-1 study is a dose-ranging, two-month program involving a total of 32 Long Evans rats that will be dosed with DehydraTECH-CBD. A novel object recognition test, commonly used to assess memory in rodents, is being used to investigate whether CBD enables cognitive performance enhancements in the test model. The study is being undertaken by a third-party testing laboratory in Canada, with expected completion in late January 2023, with data and reporting to follow shortly after. Depending on the study’s outcome, additional investigation into DehydraTECH-processed nicotine (another agent evidenced to enhance cognitive performance) may follow. Lexaria will provide updates on DEM-A22-1 as they become available.

For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://nnw.fm/LEXX

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Reklaim Ltd.’s (TSX.V: MYID) (OTCQB: MYIDF) Q3 2022 Results Reveal 217% YoY Revenue Increase, 142% Gross Margin Growth

 

• Reklaim posted Q3 2022 results showing 217% YoY revenue growth, 142% YoY gross margin increase, 90% year-to-date recurring revenue growth, and 28% more customers since year-end 2021
• The online advertising industry depends heavily on consumer data, but government regulations and tech company restrictions are severely cutting supply
• Reklaim fills the void with an identity ecosystem that compensates users for consenting to share data while providing fully compliant data sets to marketers

Reklaim (TSX.V: MYID) (OTCQB: MYIDF), the destination for consumers to access and reclaim their data, recently posted its financial results for the three months that ended September 30, 2022. Highlights included a 217% year-over-year revenue increase, a 142% year-over-year gross margin increase, 90% growth in year-to-date recurring revenue, and a 28% increase in new customers since year-end 2021 (https://nnw.fm/r3HcF).

“As signaled in previous quarters, we have accelerated the reduction in our cost structure while maintaining our growth rate, and we expect a similar trajectory in the coming quarters,” Reklaim CEO Neil Sweeney said in a news release.

The online advertising industry depends heavily on customer data to create targeted marketing campaigns, and demand for that data continues to increase. At the same time, government regulations and privacy restrictions enforced by tech companies are severely cutting supply to the market.

Limited options for consensual data are creating a massive void that Reklaim is filling. The company’s mobile identity ecosystem enables consumers to view and protect their information and receive compensation for sharing their data. Advertisers, marketers, brands, and data agencies can access this consensual, consumer-verified data for a fee.

“The shift in the data market to one of privacy and compliance continues to accelerate with more and more companies looking for a partner who can solve these issues for them,” Sweeney continued. “Reklaim is poised to take advantage of this trend, and we believe privacy regulations, including the introduction of CPRA in California, will be increasingly enforced in 2023, creating a unique opportunity for Reklaim to expand its market share.”

The California Privacy Rights Act (CPRA) – an amendment to the California Consumer Privacy Act (CCPA) – is set to take effect on January 1, 2023 (https://nnw.fm/a0cSs). Initial provisions provided by the CCPA gave consumers numerous rights, including the right to know what information is collected, if it is sold and to whom, and the right to delete their data. Consequences for businesses that violate the law include penalties of up to $7,500 per intentional violation, $2,500 per unintentional violation, and statutory damages of up to $750 per consumer per incident.

Options for marketers are increasingly limited, leading to the demand for fully compliant data solutions that provide critical insights into consumer behavior. Reklaim is firmly positioned to fill that void with an identity ecosystem that lets consumers take back control of their information while delivering relevant, high-quality data sets to marketers.

For more information, visit the company’s website at www.ReklaimYours.com.

NOTE TO INVESTORS: The latest news and updates relating to MYIDF are available in the company’s newsroom at https://nnw.fm/MYIDF

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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GeoSolar Technologies Inc. Increases International Visibility; Solar Proves it Can Protect Homeowners from Disruption Brought by Hurricane Storms

 

• GeoSolar is recognized internationally as a company spearheading Americans toward an all-electric and net-zero emissions future as solar proves it can protect communities from the disruption of essential services when climate shocks hit
• Babcock Ranch, a 100% solar community located in Florida, came out from a recent hurricane practically unscathed thanks among other things to its solar array of 700,000 panels that withstood hurricane’s brutal beating
• GeoSolar helps built urban developments to better cope with a climate change-ravaged future and assist American homeowners in becoming more climate resilient by offering cleaner, safer, and more efficient energy alternatives

As extreme climate events grow in frequency, intensity and scale, Americans are becoming increasingly eager to contribute towards a greener and more sustainable future. However, while obvious lifestyle choices that aim to reduce personal and societal environmental impact, such as electric vehicles, are finding their way into the mainstream, many Americans are still not fully aware that they can take their green effort to a whole new level with sustainable living – the way they live can often have an impact on climate change beyond any other human activity. And as the race toward a greener future accelerates around the world, GeoSolar Technologies (“GST”) has attracted international attention with its proprietary SmartGreen(TM) Home system that allows Americans to take their environmental game up a notch (https://nnw.fm/JUH4u). A SmartGreen(TM) Home enables sustainable living as a real game-changer for restoring ecological equilibrium as it helps homeowners heat, cool, and power their homes with 100% natural energy sources.

A recent article published in the UK’s West Wales Chronicle features GeoSolar as the innovative creator of the transformative SmartGreen(TM) home technology citing the Company as a startup run by some of the world’s brightest minds. And as the concept that can be retrofitted into existing homes as it can be deployed in newbuilds, goes beyond just solar panels, it can allow homeowners to cut costs and achieve savings.

But the benefits of solar go beyond net zero and cost saving. It also includes climate resiliency, a feature that will play an increasingly important role as the world copes with the realities of the climate crisis that amplifies the frequency and intensity of extreme climate events like heatwaves, droughts, wildfires, floods, and hurricanes. For example, when hurricane Ian raged through Florida earlier this year, one town stood out as a prime example of what renewable energy – and solar in particular – can do for the energy resiliency of entire communities. As the devastating storm uprooted trees and destroyed roofs, Babcock Ranch, the solar-powered town in Florida, proved that it could endure the rage of a near-Category 5 storm and keep its water, electricity and internet connection running thanks to its eco-friendly solar installations (https://nnw.fm/thhhD). As utilities scrambled to restore power across the state, the city is now a safe refuge for some of Ian’s worst-affected victims and a great case study to show that when developers prioritize climate resilience, hurricane-proof houses, community spaces and entire cities can become a reality.

And the US appears poised to take the climate resilience game to the international level as President Biden announced additional efforts to support the implementation of his Emergency Plan for Adaptation and Resilience (PREPARE), which aims to help more than half a billion people around the world manage the devastating impacts of climate change. These initiatives reflect that a dollar invested in adaptation can result in $4-10 or more in benefits (https://nnw.fm/K2vqb). 

It’s becoming evident that when it comes to a greener future, there is much more we can do by making positive changes in our everyday lives. We can create buildings, community spaces and infrastructure to increase climate resilience and an electric grid resistant to storms, extreme heat, and flooding. As a company offering an end-to-end solution to build new homes or retrofit existing homes with leading energy-efficient technologies, GeoSolar remains dedicated to advancing green technology that contributes to sustainable living and empowers homeowners on their path toward energy independence.

With the past decade being the hottest in human history, we are witnessing that one in 100-year weather disasters now can happen as frequently as every few years (https://nnw.fm/7ujTJ). (In a state of crisis like this, the ability to prevent and cope with extreme climate events is becoming a necessity. As new homes are built and existing buildings and infrastructure are renewed or upgraded, climate resilience will increasingly be a priority. That’s where GeoSolar appears to be poised to step in to seize these promising market opportunities with its proprietary technology that helps American face the reality of climate-related shocks and stresses and live their climate-resilient living without compromising on convenience or cost efficiency.

For more information, visit the company’s website at www.GeoSolarPlus.com.

NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://nnw.fm/GST

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Flush With Cash and Expanding, EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Building Momentum as RNG Popularity Grows

 

• RNG currently comprises only 0.3% of the North American natural gas distribution network, with expectations for 5% penetration in the next 5 years
• EverGen Infrastructure is a first mover in the market, with established projects, RNG sales, and expansion ongoing throughout Canada.
• EverGen recently released Q3 results, a quarter that featured steady revenue, acquisition of majority stake in GrowTEC, fully funded on-time and on-budget construction, and CDN$12.8 million post capex spend

Renewable natural gas (“RNG”) is a niche market that is expected to transition into a mainstream replacement for conventional natural gas in response to demand for sustainable fuels and a minimalized carbon footprint. Converting waste into worth, EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) just posted another solid quarter as it emerges as a leader in the Canadian RNG space.

RNG is an infinite drop-in for liquid natural gas (“LNG”) without the need for any drilling. RNG is produced from biogas, which comes from decomposing organic waste collected at landfills, agricultural operations, and wastewater treatment facilities. EverGen’s process involves inputting feedstock, such as livestock waste, into an anaerobic digester. The output is biogas used for heat and electricity, and digestate, which is used for fertilizer, soil amendments, and livestock bedding. The biogas can be further refined into biomethane, which can be used to power vehicles or directly injected into the gas grid.

Currently, RNG makes up only 0.3% of the North American natural gas distribution network. That is expected to climb to 5% in the next five years with exponential upside going forward.

Methane is a potent greenhouse gas released from cow manure and urine, so turning the waste into energy during the management process can have a meaningful impact on climate change. According to Statista, there were 9.45 million milk cows in the U.S. in 2021. In Canada, it is estimated that there are 1.43 million dairy cows for a total of nearly 11 million in North America.

These figures are important considering one cow can produce enough manure in a year that can be converted into RNG (and CNG, or compressed natural gas) to drive a tractor trailer over 12,000 miles. Recycling the manure in North America, rather than washing it into lagoons or some other unfriendly collection/disposal process, provides enough RNG/CNG to power vehicles for 132 billion miles.

With diesel prices over $5.20 per gallon in the U.S., that’s music to trucker’s ears, without consideration for the positive impact on climate change. RNG is carbon negative, meaning that the process of generating RNG offsets more carbon – via carbon capture, sequestration, or avoidance – than is contributed to the environment. By comparison, LNG has a low carbon footprint, while wind and solar are considered carbon neutral.

Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of RNG, waste to energy, and related infrastructure projects. The company recently released results from the third quarter and the first nine months of 2022, which demonstrate the aggressive growth trajectory as EverGen fans out operations across Canada.

EverGen, which reports in Canadian dollars, posted Q3 revenue of $2.0 million, up from $1.9 million the year prior despite downtime related to floods that ravaged portions of the country. The company reported adjusted EBITDA of $0.7 million and a net loss of $1.8 million, which was influenced by several factors, ranging from flood-related expenses and subsequent insurance proceeds to higher G&A costs as the company made acquisitions and expanded.

During the third quarter, EverGen completed the acquisition of a 67% interest in Alberta’s Grow the Energy Circle Ltd. (GrowTEC), which is currently in the first phase of a core RNG expansion project designed to produce ~80,000 gigajoules (“GJ”)/year of RNG. Construction is 80% complete with commissioning expected prior to the end of the year. The facility will then move into the second phase of the project, which is expected to produce a total of 140,000 GJ/year of RNG.

In September, EverGen’s Frasier Valley Biogas (“FVB”) signed a term sheet for a long-term offtake RNG agreement for up to 190,000 GJ/year purchased from FVB, comprising existing and incremental RNG volumes expected from the facility post-expansion. This agreement will replace the existing RNG offtake agreement in an environment where current market pricing is significantly stronger. During Q3, EverGen broke ground on construction of an expansion project at FVB.

EverGen is fully funded for its expansion projects. The company ended September with cash and cash equivalents of $12.8 million post capex spend of $3.5 million and $1.5 million of insurance proceeds received. Management commented that all projects are on schedule and on budget. The expansion budget, including projects at GrowTEC, FVB and its Net Zero Waste Abbotsford facility, was backstopped in August when EverGen inked a term sheet with its existing lender, Scotiabank subsidiary Roynat Capital, and Export Development Canada for a $31 million syndicated senior term loan.

Against this industry and corporate backdrop, EverGen CEO Chase Edgelow is looking forward to what is to come. “It is an exciting time for EverGen with strong momentum in the RNG market and as one of the first movers in Canada in terms of consolidating assets across the country…We are thrilled with the progress at our core RNG expansion projects that once producing, will see us jump from C$3M to C$13M in run rate EBITDA and are fully funded. With our GrowTEC facility commissioning imminently and construction at Fraser Valley Biogas underway we are anticipating a strong start to 2023,” said Edgelow in a press release.

For more information, visit the company’s website at www.EverGenInfra.com.

NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://nnw.fm/EVGIF

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Odyssey Health, Inc. (ODYY) To Give Corporate Update at Scheduled Annual Meeting of Stockholders in January 2023

 

• Odyssey is set to hold its Annual Meeting of Stockholders on January 12, 2023
• The meeting promises an excellent podium to update shareholders on the company’s progress throughout the 2022 calendar year as well as its plans for the future
• Odyssey has so far achieved vital milestones such as progress in its ONP-002 novel compound on the treatment of concussions, patent protection filing for its Nasal Device, and the expansion of its executive team
• It looks to take advantage of the meeting to draw stockholders’ views and opinions on specific topics while also offering them a platform to contribute to the company’s decision-making for the 2023 calendar year
• Odyssey is optimistic about its future, and through its research and product development, it looks to tap into the concussion market, projected to hit $9.3 billion by 2028

Odyssey Health (OTC: ODYY), a medical company focused on unique, life-saving medical products that offer clinical advantages to unmet clinical needs, just announced plans to hold its Annual Meeting of Stockholders, scheduled for January 12, 2023. The meeting will be an excellent platform for the company and its management to update its stockholders on the progress made throughout 2022 and its plans for the future (https://nnw.fm/kcRm3). 

Odyssey, so far, has achieved critical milestones, among them decentd progress on research on its ONP-002 novel compound for the treatment of concussions. In-vivo animal testing has shown ONP-002 to have anti-inflammatory, antioxidant, and antiedematous properties that ensure it eliminates the immediate consequences of a concussion, such as oxidative stress, swelling, and inflammation in the brain. It also does so while also restoring proper blood flow. In addition, further animal studies on the novel compound showed that it reduced behavioral pathology associated with mild traumatic brain injury (“mTBI”) symptoms that include motor/sensory performance, anxiety, and memory impairment (https://nnw.fm/Amx6G). 

The recently-completed phase I study on concussion treatment, which showed that ONP-002 was safe and well-tolerated among the test group, used Odyssey’s Nasal Device and drug combination. Its management expressed its pleasure in the functionality and performance of the device in the administration of the ONP-002 novel compound, lauding its ability to get drugs for neurological conditions delivered directly into the brain (https://nnw.fm/JasF9). Odyssey has since filed for patent protection on the device, which it is confident provides an opportunity and advantage for treating neurological conditions (https://nnw.fm/AqfNM). 

Odyssey has also expanded its executive team with the introduction of Odyssey Neuropharma’s new Chief Commercial Officer (“CCO”), Erik Emerson, and Chief Operating Officer (“COO”), Greg Gironda. They will drive the company toward market readiness (https://nnw.fm/yTTtq).

The 2023 Annual Meeting of Stockholders promises an important podium to discuss the company’s future. It will allow stockholders to lend their views and opinions on specific topics and contribute to the company’s decision-making for the 2023 calendar year. Odyssey’s management hopes the stockholders’ contributions will help push the company forward, even as they work towards creating more shareholder value with aggressive market expansion and advancements in the ongoing and future clinical studies.

Odyssey’s management, led by CEO Michael Redmond, remains confident about the company’s future, recognizing the growing opportunities in the medical sector and the high unmet need for treating concussions. The concussion market is expected to hit $9.3 billion by 2028, up from $7.2 billion in 2021, representing a CAGR of 3.7%. Odyssey looks to tap into this growth and grow its shareholder value while at it (https://nnw.fm/0EBX6).

For more information, visit the company’s website at www.OdysseyHealthInc.com.

NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://nnw.fm/ODYY

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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