CANNABIX TECHNOLOG (OTCMKTS:BLOZF) shares gained 36.96% after the marijuana breathalyzer developer announced the filing of various Patent Cooperation Treaties. Some of the applications relate to a marijuana vehicle-ignition interlock device (IID).
Interlock Device Development
The interlock Device under development will require drivers to blow into an installed device before the vehicle can be started. If they are not impaired to drive, the car can be started. Some States and provinces in the U.S and Canada have already approved IID use, presenting an opportunity that CANNABIX TECHNOLOG (OTCMKTS:BLOZF) hopes to take advantage of.
Tuesday’s rally helped reverse a sell-off spree that had engulfed CANNABIX TECHNOLOG (OTCMKTS:BLOZF) in recent months. It now awaits to be seen if the stock will continue to rise after struggling to rise above the $0.65 a share level earlier in the year. A close above $.66 could result in the stock making a push for its 52-week high of $0.81.
Cannabix Marijuana Breathalyzer
In addition, CANNABIX TECHNOLOG (OTCMKTS:BLOZF) is currently working on Beta 3.0 (Cannabix Marijuana Breathalyzer) which is 95% complete. Some of the new features that the company has added include a feedback loop to the dielectric barrier discharge that will allow a quicker startup time. The device will also come with a specialized breath temperature stabilizing component, designed to maintain consistent breath temperature in cold as well as humid temperature settings.
“The high resolving power of the FAIMS device with its capability for real-time detection of THC and its metabolic breakdown products will aid in establishing key metrics for measuring in-vivo THC metabolism and should permit detection capabilities similar to that of blood tests,” said Cannabix Technologies’ Dr. Raj Attariwala.
The marijuana legalization drive has been a boon for businesses and consumers in the U.S. Increased use of marijuana products has also left law enforcement with new challenges when it comes to drug detection. It is for this reason that CANNABIX TECHNOLOG (OTCMKTS:BLOZF) hopes to come up with new ways that will help the police bring sanity to the roads.
“CANNABIX TECHNOLOG (OTCMKTS:BLOZF) continues to receive considerable interest from government and law enforcement for the development of its point of care Cannabix Marijuana Breathalyzer. Our team of scientists in Vancouver and Florida are working methodically and rapidly to develop this device for the public,” said CEO Rav Mlait.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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