Cannabix Technologies missed it's self proclaimed window of opportunity back in 2017 when Canada passed sweeping recreational marijuana laws. That was Cannabix's chance at any Lion's Share of the Canadian market if there was ever one to be had.
Meanwhile, there's at least a dozen other known companies currently pursuing a THC breathalyzer in various technological forms. What I consistently hear is people questioning why Cannabix is the "only" publicly traded company in pursuit of such a device. Why not others?
Has anyone other than Alan Brochstein told you the following:
"Brochstein's 420 Investor news service provides advice, alerts, and updates on publicly traded marijuana companies to thousands of paid subscribers.
"So. You guys have a breathalyzer, but I don't know if it works. That's the magic question," Brochstein said, giving the Cannabix booth a wary once-over. "And why has your president been selling so much stock?"
The CFO doesn't miss a beat, explaining that Malhi needed to pay off some taxes. Brochstein narrowed his eyes and walked away. (Later, when asked to clarify, Malhi said he was paying himself back for money of his own that he had invested in the company.)
Brochstein later told BuzzFeed News that he doesn't usually support companies led by people who have run multiple penny-stock companies in a row, as Mlait had.
"They've been very promotional and getting out way in front of where they are," he said, about Cannabix. "I just don't think you should PR prototypes, frankly."
An hour later, when Mlait and Malhi return and hear that Brochstein came by, they are livid. He's had it out for them from the start, they complain, and he gives bad investment advice."
Everyone Wants A Marijuana Breathalyzer But No One Knows If That's Possible
Does anyone think Alan Brochstein's analysis nearly 8 years ago (2015) is any less true now?