RE:Need Press Release!!!Totally expected and normal price action after a huge runup of shareprice.
I picked up a chunk at around .20c and it was hard not to push the sell button at .88c.
I am a believer that Cannabix could be first to the finishline with a true, working as advertised thc breath detector with resale potential for mouthpieces or thc catcher devices to get samples to the lab.
They have already said they have a table model apparatus that works and they even produced a blood alcohol unit despite a marketplace with them in abundance.
Not sure how much more advanced but an opportunity to get our name on the minds of those that will be writing purchase orders for the THC unit as soon as it is proven for business and law enforcement.
The need is there as pot moves more to legal in more States and Countries.
BLO is proactive to make something happen revenuewise and are more than a one trick pony. They are using the accepted science by trying to mineraturize and simplify their device for non-scientific minds and to get it out of a lab setting.
They are also progressive with an ignition interlock device for after their units catch the impaired guys while very few of the BAC players even attempted to produce the THC unit, despite being in the breathalyzer business!
Law enforcement and business are desperate to have these devices and Cannabix is on the right track as a fair, impartial device that doesn't collect spit and dna.
Repeat sales from mouthpieces and collection containers could be a huge revenue stream to complement their devices for impairment detection.
Check out the 10 year chart for Lifeloc to see the kind of potential I believe is possible for our THC unit. I believe that history will repeat itself as far as price spikes for the first accepted THC unit.
50x of current shareprice could easily happen for whoever comes up with the first model for sale. Purchasers are already qued up!