Bio-Extraction Inc. (BioExx) is a development-stage company. BioExx is engaged in the development and commercialization of extraction technology, which is focused to be used to extract various active ingredients from organic and inorganic materials. BioExx target markets include extractions in agriculture (primarily oilseeds), alternative energy crops, nutraceutical and pharmaceutical. Subsequent to December 31, 2008, BioExx completed agreements with Calgary-based Sunora Foods Ltd., and Vancouver-based Shafer Commodities Inc. (the Distributors) to collectively distribute 100% of the canola oil produced by BioExx at its Saskatoon facility. In February 2009, BioExx commenced commercial operations in Saskatoon.