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Cannabix Technologies ( (TSE:BLO) ) has provided an update.
Cannabix Technologies has secured a second sales agreement for its BreathLogix unmanned alcohol screening technology with a European maritime shipping customer. This agreement involves the delivery of an additional BreathLogix unit to enhance crew safety through pre-access breath alcohol testing, integrated with the cloud-based BreathLogix Connect platform for real-time alerts and data management. The device also features facial recognition for secure identification and is designed for deployment across various industries where safety is paramount.
Spark’s Take on TSE:BLO Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLO is a Underperform.
Cannabix Technologies has a low overall stock score due to severe financial challenges, characterized by zero revenue and ongoing losses. While technical indicators and recent corporate developments provide some optimism, the company’s speculative valuation and financial instability remain significant concerns.
To see Spark’s full report on TSE:BLO stock, click here.
More about Cannabix Technologies
Cannabix Technologies Inc. operates in the technology industry, specializing in the development of marijuana and alcohol breath devices. The company focuses on providing solutions for industries where operational safety is critical, such as maritime, mining, oil and gas, industrial, trucking, and warehousing.
Average Trading Volume: 30,420
Technical Sentiment Signal: Sell
Current Market Cap: C$61.75M
Find detailed analytics on BLO stock on TipRanks’ Stock Analysis page.