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Cannabix Technologies Inc C.BLO

Alternate Symbol(s):  BLOZF

Cannabix Technologies Inc. is a Canada-based developer of marijuana and alcohol breathalyzer technologies for law enforcement, workplaces and laboratories. The Company is working to develop delta-9 tetrahydrocannabinol (THC) and alcohol screening devices. Delta-9 THC is the psychoactive component of marijuana. Breath testing for delta-9 THC would allow employers and law enforcement to identify recent marijuana use. It develops contactless breath alcohol detection devices. Its technologies include THC Breathalyzer System, Breath Logix Alcohol Breathalyzer and Breath Logix Vehicle. THC Breathalyzer System includes Cannabix Mass Spectrum (MS) Breath Sampler (MSBS) and Cannabix Breath Collection Unit (BCU). The Breath Logix (BR-LGX) Industrial Series is a fully automated breath alcohol screening system for employee, contractor and visitor access control. The BR-LGX vehicle device could be integrated into various locations in the vehicle cabin. It also develops Cannabix FAIMS device.


CSE:BLO - Post by User

Bullboard Posts
Comment by curiousmoveon Mar 06, 2019 11:11am
190 Views
Post# 29449486

RE:Cash burn rate

RE:Cash burn rateI don't really agree with this, I remember reading recently that the company is very well funded. I do however think that developing a product obviously is going to lead to a cash burn. No income and only expenses. I don't really think there is a link between BLOs stock price and cash burn. Look at a company like Apple. Stock price trends down but they have billions in cash. The lowering of the stock price(BLO) probably has more to do with lack of news and the fact that nobody has a clue what is going on(time frame to sales, future costs and cashflow, court approval). Really we are all in the dark and investors don't like uncertainty. As far as cash flow burn I would think that it would be expensive to build a new product but I would also think executives and employees "pay" would be very much stock based. So no real money given up by the company only equity. And not impacting cash flow but only real compensation if they cash out. Very much a performance based system. Maybe their compensation(stocks) are toilet paper or maybe they are gold bars. Either way we have to wait and see. I also agree with everyone here, we need news and info on what is happening going forward.
Bullboard Posts