Lexaria Bioscience Corp.: Lexaria Updates Financial Position
Lexaria Bioscience Corp. (NASDAQ: LEXX) announced a strong cash position following a $7.9M tax refund and institutional financing at $12.92/share. The company has $4.60/share in cash, extending its runway through 2027. CEO Rich Christopher noted recent stock price pressure but plans to execute business strategy. Lexaria expects to reduce R&D costs in 2027 through partnerships.
