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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
Post by geodcanon Jul 27, 2019 2:51pm
275 Views
Post# 29967323

The risk/reward ratio

The risk/reward ratioof this company is an interesting conundrum.  The risk is 100% of your investment, but the reward could be phenomenal.  The recent downturn and price spike was overdone on the downside and the rapid reset made the institutional bot traders very happy.  I'm not a chart guy other than they are a quick visual whose spikes cause interest.  Volume spikes too, show interest or lack thereof.
I have always remarked that this is a black or red bet, totally dependant on developing a working model of a thc breathalyzer, which isn't that easy to do, but it has been done.  The go-to device is the mass spectrometer.  The hand-held model that will work outside the lab in the hands of a police officer, preferably at the roadside is the goal.
It is my opinion that Yost and his team in Florida are most likely to succeed at this, based on an amazing track record with electronic wizardry, especially the MS. 
More and more, we are hearing the need for a device that is capable of detecting recent use of thc by police and employers.  It must work as tendered and advertised and be fair such that it won't cost you your drivers license or job from last weekends use or worse yet 3 weeks ago.
Cannabix management offered a recent nr which inspired hope in some investors to drive the shareprice up.  Keep in mind that those algorithms installed by accounting types with deep pockets are very effective in massive shareprice fluctuations and they play it both ways.
The first company to succeed with a working thc breathalyzer is going to do very well but keep in mind that there is always the chance that somebody will improve on the concept and provide a breathalyzer that is capable of detecting more than one type of impairment.
The holy grail is somewhere off in the future but the need for a thc device is here now and a thc only detection breathalyzer will suffice.
Downside is 100%, upside could lead to phenomenal return on investment.  glta and dyodd
Bullboard Posts