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Bullboard - Stock Discussion Forum 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... see more

CSE:BLO - Post Discussion

Cannabix Technologies Inc > Cash position?
View:
Post by mylar1 on Oct 10, 2024 8:58am

Cash position?

Do any of you pumpers ever look at the company's cash position?
Comment by geodcan on Oct 12, 2024 6:43pm
Junior startup new listings raise cash as initial public offerings which is sometimes a last resort for new visionaries to hopefully develop themselves as a new business. Cannabix saw a need and moved towards it despite some already well established blood alcohol breathalyzers that should have been working towards this as a natural progression to forward thinking of where the next great widget ...more  
Comment by lscfa on Nov 02, 2024 8:33pm
The co. has made great progress with a very low cash burn rate. It hasn't done a financing in years. $3.7 million in cash at July 31, 2024.
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