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Cannabix Technologies Secures Patent Allowance for Innovative Breath Analysis Device

Story Highlights
  • Cannabix Technologies develops breath testing technologies for marijuana and alcohol.
  • Cannabix received a patent allowance for a contactless breath analysis device in Canada.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cannabix Technologies Secures Patent Allowance for Innovative Breath Analysis Device

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Cannabix Technologies ( (TSE:BLO) ) has issued an announcement.

Cannabix Technologies Inc. has received a notice of allowance from the Canadian Intellectual Property Office for its patent application on a contactless breath analysis device and method. This technology, which can be integrated into various environments such as vehicles and workplaces, enhances Cannabix’s leadership in breath sampling and detection, offering applications in law enforcement, workplace safety, and public health monitoring.

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. is a developer of marijuana and alcohol breath technologies for workplaces, law enforcement, and other settings. The company focuses on breath testing for delta-9 THC, the primary psychoactive ingredient in cannabis, and has developed the BreathLogix autonomous alcohol screening device.

Average Trading Volume: 26,429

Technical Sentiment Signal: Buy

Current Market Cap: C$69.09M

For a thorough assessment of BLO stock, go to TipRanks’ Stock Analysis page.

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