Business
Lexaria Appoints New Chief Financial Officer
KELOWNA, BC / ACCESSWIRE / June 12, 2023 / Lexaria Bioscience Corp. (Nasdaq:LEXX)(Nasdaq:LEXXW) (the "Company" or "Lexaria"), a global innovator in drug
About this update from Lexaria Bioscience Corp.
[{"type":"text","content":"KELOWNA, BC / ACCESSWIRE / June 12, 2023 / Lexaria Bioscience Corp. (Nasdaq:LEXX)(Nasdaq:LEXXW) (the \"Company\" or \"Lexaria\"), a global innovator in drug delivery platforms announces the appointment of a new Chief Financial Officer.Effective immediately, Mike Shankman has been appointed as outsourced CFO. Mike is an experienced accounting and finance professional who has held senior positions with companies in the biotechnology, medical devices, and software as a service industries. In his role as a consultant with NOW CFO, one of his current clients is a publicly traded clinical-stage biopharmaceutical company. Former clients include a medical device maker for which Mike collaborated with independent auditors and investment bankers through the completion of an initial public offering. The client began trading on the NASDAQ in 2022.Mike holds an active license as a Certified Public Accountant and a Masters in Business Administration with a Finance concentration from California State University, East Bay. He lives with his wife in Danville, California. Mr. Chris Bunka will also assume the role of principal financial officer at this time.Lexaria is grateful to its outgoing CFO, Mr. Greg Downey, for his many contributions and wishes him every success in his future endeavours.About Lexaria Bioscience Corp.Lexaria Bioscience Corp.'s patented drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream through oral delivery. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption with cannabinoids, antiviral drugs, PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 30 patents granted and many patents pending worldwide. For more information, please visit www.lexariabioscience.com.CAUTION REGARDING FORWARD-LOOKING STATEMENTSThis press release includes forward-looking statements. Statements as such term is defined under applicable securities laws. These statements may be identified by words such as \"anticipate,\" \"if,\" \"believe,\" \"plan,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"could,\" \"should,\" \"will,\" and other similar expr...