Cannabix Technologies, Inc. (BLOZF)

BLO_logoAs marijuana rises in popularity and legitimacy, companies are flocking to answer the various needs that come with it. From research, cultivation, processing, and marketing, all the way up to commercial and personal use, the many aspects of the industry are covered by new and existing businesses. However, the Vancouver, Canada-based Cannabix Technologies, Inc stands out because it caters to the field of law enforcement through its Marijuana Breathalyzer.

Cannabix Technologies, Inc is a technology company whose prime product is the Cannabix Marijuana Breathalyzer, a drug-impairment recognition device. Much like the common alcohol breathalyzer, it is a tool that can be used by law enforcers to determine a person’s drug intoxication through breath testing. The Marijuana Breathalyzer analyzes breath samples and detects tetrahydrocannabinol (THC), which is the psychoactive component of marijuana and has been found to cause intoxication.

The breath-testing technology in the Cannabix Marijuana Breathalyzer emerged from a study in Sweden. Kal Malhi, a former Canada Mountie (member of the Royal Canadian Mounted Police) and current Cannabix President, saw the importance of this technology to identify drivers who are high. The company touts its product as a tool to inhibit marijuana-intoxicated drivers as well as employees whose THC intoxication could be hazardous in the workplace.

Cannabix Technologies started out in 2011 as West Point Resources, Inc, an earlier developer of the cannabis breathalyzer under the brand name Cannabix. The company then changed its name to Cannabix Technologies, Inc only in August 2014.

Currently, Cannabix Technologies is traded in the Canadian Securities Exchange as BLO and in the US OTC markets as BLOZF. It has a market cap of USD 7.4 M. Its top officers are Rav Mlait, CEO; Kal Malhi, President; Dr. Raj Attariwala, Chief Engineer; Dr. Bruce Goldberger, Senior Advisor; and Bryan Loree, CFO.

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