Dec 20, 2024 (MENAFN via COMTEX) --
(MENAFN - Investor Brand Network) NetworkNewsWire Editorial Coverage : Seems like yesterday people were smoking cigarettes everywhere; many people still have memories of Grandpa puffing on his Camels. It wasn't until 1993 that smoking was banned in hospitals and on airplanes in 1998. Despite these and many other restrictions, the global market for nicotine-based products remains incredibly robust. Total global retail sales associated with the nicotine ecosystem during 2020 reached approximately $853 billion
with around 5.2 trillion retail cigarette sticks sold. Nicotine isn't just big business, it's huge business, and companies are constantly looking for ways to keep and grow market share.
The majors are evermore turning to innovation and alternative delivery methods to achieve their objectives. An example of that is the breakthrough technology of
Lexaria Bioscience Corp. (NASDAQ: LEXX) (Profile )
and its patented DehydraTECH(TM) delivery platform.
Suitable for use across 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.
Multiple companies have already licensed DehydraTECH technology and are paying royalties to Lexaria for its use. Lexaria has licensed DehydraTECH to the
Altria Group (NYSE: MO) , the largest tobacco company in the country, which is currently evaluating the tech for possible use in noncombusted oral nicotine products. In addition,
British American Tobacco Industries p.l.c. ADR (NYSE: BTI)
has conducted some early evaluation of Lexaria's tech, and the market is waiting to hear if either company might implement it. Meanwhile,
Philip Morris International (NYSE: PM)
is aggressively pursuing tobacco-free nicotine products as
GlaxoSmithKline PLC (NYSE: GSK)
tries to wean folks from nicotine...
Read More >>
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 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.
To receive SMS text alerts from NetworkNewsWire, text"STOCKS" to 77948 (U.S. Mobile Phones Only)
For more information, please visit
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:
NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the
InvestorBrandNetwork
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW is a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.
NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains"forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant 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","plan" or"planned","will" or"should","expected,""anticipates","draft","eventually" 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 materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements.
MENAFN20122024000224011066ID1109015475
COMTEX_461070948/2604/2024-12-20T18:28:01
