Posted On: 05/29/2014 1:57:03 PM
Post# of 18391
From the $LXRP FAQ: Is Lexaria In the Oil Biz or the Marijuana Biz?
For now: both. We're focusing on the marijuana sector and that's where we expect our major growth. Meanwhile, we have valuable assets in the oil sector that generate revenue for us every month. Until we dispose of those assets, or until they stop giving us cash flow, it makes sense to extract as much value from them as we can. As of October 31, 2013, our reserve report filed with the Securities and Exchange Commission says that our Proved Reserves will generate $5,985,869 NET cash flows over their life to Lexaria, discounted at 10% per annum.
For now: both. We're focusing on the marijuana sector and that's where we expect our major growth. Meanwhile, we have valuable assets in the oil sector that generate revenue for us every month. Until we dispose of those assets, or until they stop giving us cash flow, it makes sense to extract as much value from them as we can. As of October 31, 2013, our reserve report filed with the Securities and Exchange Commission says that our Proved Reserves will generate $5,985,869 NET cash flows over their life to Lexaria, discounted at 10% per annum.
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