CANNABIX TECHNOLOG (OTCMKTS:BLOZF) market value received a major boost as investors pushed its stock higher after Business in Vancouver (BIV) magazine listed it among the top 50 businesses to watch. Shares of the company gained 64.94% in Tuesday’s trading session, to end the day at $1.27 a share.
Tuesday’s rally supported the CANNABIX TECHNOLOG (OTCMKTS:BLOZF) uptrend that began earlier this month. The stock has gained more than 150% in market value since the start of the month as it continues to touch higher highs.
Renewed investor interest builds on the growing popularity of the company’s marijuana Breathalyzer that is currently being used by law enforcement and in workplaces. Inclusion of the company in the BIV’s top 50 companies underscores the company’s growing credentials in the industry. CANNABIX TECHNOLOG (OTCMKTS:BLOZF) is banking on its marijuana breathalyzer to set itself apart from the competition in the fast growing cannabis industry.
The lack of non-invasive roadside breathalyzer capable of determining impairment is one of the reasons why CANNABIX TECHNOLOG (OTCMKTS:BLOZF) came up with its own solution. The company has already filed a number of patent applications related to a marijuana-focused ignition interlock device that it hopes to use to gain a competitive advantage in the industry.
“Cannabix Technologies 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 CANNABIX TECHNOLOG (OTCMKTS:BLOZF) CEO Rav Mlait,” said CEO Rav Mlait.
CANNABIX TECHNOLOG (OTCMKTS:BLOZF) THC sensing interlock will target the court-mandated market whereby drivers convicted of multiple DUI offenses will be required to install an ignition interlock system. The interlock system would require a driver to first blow into the installed device to confirm if they are impaired before a car can start.
The company also plans to market the system to parents to help guard against their young drivers from driving under the influence of alcohol or drugs.
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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