TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Cannabix Technologies ( (TSE:BLO) ) just unveiled an announcement.
Cannabix Technologies Inc. has been granted a patent by the United States Patent and Trademark Office for its innovative contactless breath analysis technology. This advancement, integrated into their BreathLogix device, offers fast and reliable testing without physical contact, making it suitable for use in vehicles, workplaces, and public kiosks. The technology’s compact and modular design is particularly beneficial for applications in law enforcement, workplace safety, and public health monitoring, thereby strengthening Cannabix’s leadership in breath sampling and detection.
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, focusing on workplace, law enforcement, and other settings. Their products include the BreathLogix device, which is designed for autonomous alcohol screening and aims to enhance safety and monitoring.
YTD Price Performance: 55.88%
Average Trading Volume: 27,460
Technical Sentiment Signal: Hold
Current Market Cap: C$64.17M
Find detailed analytics on BLO stock on TipRanks’ Stock Analysis page.