News catalyst for today's alert -> please proceed with excitement

Published: Mon, 07/14/14

 
 
Breakout Alert: LXRP
 
 
Good morning,
 
Yesterday I brought LXRP to your attention. 
 
LXRP has a history of solid gains, and has formed a powerful bullish chart pattern.
 
This morning, LXRP announced this news which could be the catalyst for a continuation of this bullish run. Check it out...
 
Municipal Approval for Lexaria-Enertopia Joint Venture in Burlington, Ontario
 
Jul 14, 2014 (Newsfile Corp via COMTEX) -- Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce that the production of Medical Marijuana in compliance with Health Canada MMPR regulations has received final Municipal zoning approval for the Lexaria/Enertopia joint venture. Previously announced only as being located in the Greater Toronto Area, now that Municipal approval has been obtained Lexaria is happy to announce the facility location as Burlington, Ontario.

The evaluation procedures of the City of Burlington were followed, including presentations made to city officials and opportunities for public feedback and input. Lexaria is pleased that the City of Burlington showed community leadership and vision in implementing a thoughtful series of rules for the cultivation of medical marijuana in accordance with Federal Health Canada regulations.

"Approval by the City of Burlington for a medical marijuana production facility is an important step in the journey towards our goal of obtaining a license under Health Canada's MMPR program and becoming a leader in the industry," said Chris Bunka, CEO of Lexaria Corp.

Now that the City of Burlington has passed a bylaw permitting medical marijuana production facilities, Lexaria expects that the joint venture license application to Health Canada will be submitted soon.

The bylaw approving the medical marijuana facility zoning was passed by Burlington officials on June 9th, and the period of time when appeals were allowed to be heard expired on July 9, 2014. Notice of passing of the Bylaw was provided on July 10, and at this time the bylaw is in existence.

The Lexaria/Enertopia joint venture, as previously reported, is for a building of approx 30,000 sq ft for first phase design, with a right of first refusal obtained for approx another 45,000 sq ft. Since the original announcement of this facility on April 10, 2014, a great deal of progress has been made regarding the state of the art design concepts expected to be implemented.

The joint venture has engaged David Hyde & Associates for security design and implementation. David Hyde & Associates is a full service security management and business risk consulting and training practice that offers independent, high quality advisory services underpinned by real-world security and risk management experience. David Hyde & Associates, widely acknowledged as one of Canada's leading security experts, has previously been a security consultant to another existing company that has already received their license under the MMPR program.

The joint venture has also engaged KNY Architects Inc, a design and planning firm headquartered in Burlington that has been in business for over 55 years. They have completed hundreds of projects across Canada, USA, and the Ukraine.

A total of 880,000 restricted common shares will be issued to a number of persons in accordance with previously entered agreements, upon reaching the municipal approval milestone. The securities issued will be subject to a hold period in Canada of four months and one day, or for any resales possible into the USA under Rule 144, six months and one day.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Separately, Lexaria has accepted the resignation of Chris Hornung as Assistant Operations Manager.

See the full PR at http://www.otcmarkets.com/stock/LXRP/news 
 
 
We hope LXRP will trade well today and deliver us gains. While we don't anticipate any large gap ups, please be mindful if there is. While the chart shows LXRP has a history of continuing to run even after a gap up, I ask you to use your judgement and manage your risk.
 
All the best today.
 
ShiznitStocks
 
 
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Hello fellow investors / traders,
 
If you liked the 80% gains in WPCS we alerted you to on Friday, I think you will love this next one.
 
It's time to revisit an old favorite - a low float, past runner that could be about to breakout.
 
In fact, the last time we profiled Lexaria Corp (LXRP) back in March, it gapped up and ran more than 400% in real tradeable gains.
 
So now that marijuana stocks are coming back to life, with Washington State coming online and reports that dispensaries are running out of supply, with think its a great time to revisit from proven past runners. 
 
LXRP has formed a strong pennant formation over the past few months. Take a look at the six month chart below.
 
 
 
 
For those of you who are not familiar with chart formations, pennant formations can be extremely bullish.
 
Check out this definition and example of a pennant formation from Investopedia...
 
The pennant formation is formed when there is a sharp price movement followed by generally sideways price movement, which is the pennant. The pattern is complete when there is a price breakout in the same direction of the initial sharp price movement. The following move will see a similarly sharp move in the same direction as the prior sharp move. The complete move of the chart pattern - from the first sharp move to the last sharp move - is referred to as the flag pole.

 
 
 
Notice the similarities between LXRP's chart and the example pennant chart above? Both pennant formations look almost identical.
 
Except LXRP hasn't yet completed its breakout.
 
Of course the bullish chart pattern is no guarantee that LXRP will deliver us gains, but there are other reasons to be consider it for a trade.
  
First, LXRP has a relatively small market cap, and at $8m could be considered remarkably cheap compared to most of its peers. 
 
We also like the positive news coming out of the company recently.
 
Just a few months ago, LXRP announced they had formed a JV to co-own and manage a marijuana production facility in Canada. This JV agreement was formalized in June.
 
You can read more below....

Lexaria's First Marijuana Production Facility

"Lexaria Corp. (LXRP) announces it has entered agreements for its first co-owned and co-managed MJ production facility in Canada.

The facility is comprised initially of roughly 30,000 square feet of space, with a right of first refusal having been acquired for another 45,000 square feet to accommodate future growth. Planned production areas have 22 foot ceilings which will allow for the possibility of a 2nd mezzanine level in many areas, allowing for additional future expansion.

Lexaria will own 49% interest in the production facility by paying 55% of all initial and ongoing expenses related to the project. Lexaria's Joint Venture partner, Enertopia Corp, will own a 51% interest in the production facility and pay 45% of costs. Lexaria will also issue a one-time payment of 500,000 restricted common shares to Enertopia. There are no overriding interests payable to any entity. An initial 5-year lease has been entered, with options to renew the lease for another 15 years."
 
 
You can learn more about LXRP at their website http://www.lexariaenergy.com/

We think traders and investors alike will sit up and take notice of LXRP, especially with the interest coming back into marijuana stocks.
 
The question is, do you want to get in to LXRP before pennant formation breakout occurs and maximize the gains to be made?
 
LXRP has a low float, and a history of making big runs, so you need to be ready at the opening bell or you might miss out.
 
 
www.ShiznitStocks.com
 

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