West Point Resources Inc. (CSE: BLO), developer of cannabis breathalyzer solutions under the Cannabix brand name, was recently featured on the Canadian investment portal StockHouse. Author Chris Parry wrote an article titled West Point Resources: Party pooping puffer promises policing profits that discusses the company’s breakthrough technology and unique business model to profit from it.
“If you were to reinvent that adage [“invent a better mousetrap and the world will beat a path to your door”] for the modern day as it applies to marijuana, inventing a better breathalyzer, one that detects marijuana use, just in time for what could be North America’s switch to recreational marijuana acceptance, would be a lucrative option,” wrote Mr. Parry in the StockHouse article.
On June 16, 2014, the company finalized a definitive agreement with Cannabix Breathalyzer Inc. to license the North American rights to the Cannabix Marijuana Breathalyzer. Mr. Kal Malhi and Dr. Raj Attariwala from Cannabix Breathalyzer Inc. will also be joining West Point’s management team and will guide the development of the innovative cannabis breathalyzer solution.
“The potential market for a marijuana breathalyzer is many fold larger than what a factory could produce by growing plants through an MMPR license,” said Mr. Kal Malhi quoted in the StockHouse article. “We just want to keep cash burn low and work towards the end goal where we commit all of our resources to develop this product that is in demand at a time when we are experiencing sweeping changes.”
Shares of West Point Resources Inc. were trading at about $0.25 per share, as of Friday, July 11, 2014.
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