RE:We need to hear from ManagementThe whole pot market is in a tailspin as investors wrestle with oversupply and too many players.
Cannabix is dragged through the mud despite being the leading thc breathalyzer candidate currently available for public trading.
Investors, it seems, categorize this as just another pot stock for the most part when pot is it's only reason for being. Well, pot and other intoxicants.
Imho this shouldn't happen because our reason for being isn't supply and demand that affects all of the pot retailers and such but a more ulterior motive of safety for the public.
Cannabix's purpose as a company is to be able to detect impairment by pot and alcohol use and hopefully, in the future a wholly grail device to detect all impairment or possibly even inability to operate equipment and vehicles in a way harmful to the general public.
Potpreneurs are actively transforming their supply businesses to circumvent laws and rules that have been put in place to protect the public and public policy and law enforcement are screaming for what we intend to provide.
Us and a couple of others are working on true thc breathalyzers and this was Cannabix's reason for being until our team realized that the world might need a better blood alcohol unit.
Cannabix has adjusted our product to be able to deal with the new Delta 9 impairment product skus and to differentiate between thc and cbd, first one illegal to consume and drive and the 2nd one commonly used as a legal product for pain, anxiety and sleep by good law abiding people.
They haven't been sitting on their hands but continually striving to get the approval of society's watchdogs that are protecting us en masse from impaired drivers, killers and other menaces to the betterment of society.
The price fluctuation of this stock have been opportunistic for savvy investors who buy when it is in disfavour because pot stocks in general are getting rightsized or eliminated and take ten or twenty percent of price variations.
Almost 10% today which is a nice return if you bought in on the recent decline until the upward pop.
I always saw the need for a thc breathalyzer which got even stronger as more and more pot skus became available both legal and illegal and a society willing to support potpreneurs as a valuable part of society.
Nobody wants their loved ones or friends to be harmed by an impaired driver or an incompetent one for that matter and I recognize pot as being an impairment that might fool potential operators in to thinking they aren't impaired.
The need is there, law enforcement is screaming for this device, the need is getting greater with every step towards legalization or society acceptance and most people know that it is the right thing to do.
Doing it, is the problem. BAC is relatively easy as there are hundreds of companies making their bones with BAC units but THC is a real concern of responsible people and my sense is that several are trying to invent this but Cannabix is my choice for being closest to arrival for a "working as advertised" thc breathalyzer.
Cannabix has been a very good investment for me and I can imagine a huge multi-bagger potential which is why I hung on to five thousand shares when I pocketed a very nice return. I also topped that up by another 25k shares and I am holding this for that multi-bagger potential that I envision.
Show me another company that is succeeding on this objective as well as Cannabix is. I would love to study up on their potential.
Cannabix is thc and bac breathalyzer but also breathcapture devices and ignition interlocks that are in the same vein as protecting society from impaired operators.
A lot of those old BAC suppliers couldn't even see THC as the next practical expansion project for their bottomlines and those that did seem to have given up.
Might be a couple of non public traders out there that are working on a thc unit but none have called me for my investment opinion.
Lifeloc was a bac supplier that flirted with a thc unit until the gave up on it. Their shareprice hit close to $40 a share when bac units were the target. From our current price if we matched their performance that would be a 100 bagger for Cannabix. That would cover my condo in Mexico and a couple of Cadillacs if it happens and I believe it can.
Lifeloc is still holding a sp of $ 3.99 US for an old model BAC unit and not much more. Even $4 from todays price is a ten bagger. No condo and less Cadillacs!