Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), developer of the Cannabix Marijuana Breathalyzer technology designed to detect recent consumption of the THC component of marijuana, has appeared in a number of prominent media outlets over the past couple weeks. With the increased exposure, the company could see heightened investor and consumer interest.
In November, the company’s co-founder, Dr. Raj Attariwala, was quoted in a TIME Magazine story titled “Driving While High” by Eliza Gray. The story examines the increasing problem of driving while under the influence of marijuana, saying that it’s no surprise law enforcement is looking for solutions given the magnitude of data suggesting that driving while high poses a real danger.
The story mentions Cannabix in the follow excerpt:
“A retired Canadian police officer (Malhi) and a physician (Attariwala) have teamed up to create a new Breathalyzer that will detect marijuana use in the past two hours, a decent measure of impairment since pot’s effects are usually felt for about two to three hours after use. Co-developer Dr. Raj Attariwala says the technology will get more precise as legalization spurs research.”
Investors can read the entire article on TIME’s website here:
In addition to national coverage by TIME Magazine, the company was also featured in an ABC 7 Detroit television segment discussing it innovative technology. The one-minute segment discussed the problem of driving while high and outlines the Cannabix Marijuana Breathalyzer technology’s progress, including the firm’s recently announced renderings of the product. Interested parties can access ABC’s coverage here: http://www.wxyz.com/news/comapny-developing-marijuana-breathalyzer
Shares of Cannabix Technologies Inc. jumped more than 2% in early trading on Wednesday, November 19, 2014 following the TIME Magazine news release.
Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.