RE:New Press Release - Cannabix Technologies and Omega Laboratories Inc. Enter Strategic Partnership to Commercialize Marijuana Breathalyzer TechnologyGlad to see the increase in share priice of BLO. Though, I would have thought going for commercilization would have had more of a bang.
Looking at the news release Cannabix Technologies is partnering with Omega Laboratories Inc., to Commercialize Marijuana Breathalyzer Technology. OK, so it seems that Cannabix management isn't up to commercialize its own product so they will contract Omega but indoing so will issue as much as 11,000,000 shares (upon occurance of specific milestones) to Omega, was granted the right to appoint a director to the Company’s board of directors and further dilute the Cannabix shareholders.
Reading thorough the press release I get the feeling that Omega was more of the winner in all this. A win win for Omega at the expense of Cannabix. Probably why we're not getting that "bang".
Anyone else getting the same feeling about the press release?