Cannabix Technologies Provides Update Regarding COVID-19
March 24 2020 - 6:30PM
Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (the
“Company or Cannabix”), developer of marijuana breathalyzer devices
for law enforcement and the workplace, reports that the Company and
its staff remain operational at our labs in Vancouver, B.C. and
Gainesville, Florida. The Company is closely monitoring the
COVID-19 pandemic and has implemented additional measures at its
lab locations to help safeguard the health of its staff while
continuing to operate effectively. The Company has also begun
preparations if further measures are implemented by governments in
the coming days and weeks ahead. These preparations would
allow company staff to continue operations remotely if needed. The
Company has experienced some temporary delays in parts shipments
from some suppliers during the month of February, however orders
have been arriving at normal levels since early March. Furthermore,
the Company is taking additional safety measures during breath
testing with its devices.
In addition, Company engineers have been progressing development
of its THC Breath Analyzer (“THCBA”) which incorporates
microfluidic (MF) sensor technology for the detection of
∆9-tetrahydrocannabinol (“THC”) from breath. Over the course of
February and March, engineers have been improving breath sample
chamber design, incorporating additional sensors, improving the MF
sensor design, improving battery life, enhancing circuitry and
making changes to the form factor (exterior) design of the THCBA
for better handling.
About Cannabix Technologies Inc.
Cannabix Technologies Inc. is a leader in marijuana breathalyzer
development for law enforcement and the workplace. Cannabix has
established breath testing technologies in the pursuit of bringing
durable, portable tools to market to enhance detection of marijuana
impaired driving offences on roads at a time when marijuana is
becoming legal in many global jurisdictions. Cannabix is working to
develop drug-testing devices that will detect THC—the psychoactive
component of marijuana that causes intoxication, using breath
samples. In particular, Cannabix is focused on developing breath
testing devices for detection of recent use of THC, in contrast to
urine testing for THC metabolite that requires an invasive
collection and reflects usage, days or even weeks earlier. The
devices will also be useful for other practical applications such
as testing employees in the workplace where impairment by THC can
be hazardous.
We seek Safe Harbor.
On behalf of the Board of Directors
“Rav Mlait”
CEOCannabix Technologies Inc.
For further information, contact the Company at
info@cannabixtechnologies.com
The CSE has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking information that
involves various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation
statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future
performance of the Company, such as final development of a
commercial or prototype product(s), successful trial or pilot of
company technologies, no assurance that commercial sales of any
kind actually materialize; no assurance the Company will have
sufficient funds to complete product development. There are
numerous risks and uncertainties that could cause actual results
and the Company’s plans and objectives to differ materially from
those expressed in the forward-looking information, including: (i)
adverse market conditions; (ii) risks regarding protection of
proprietary technology; (iii) the ability of the Company to
complete financings; (iv) the ability of the Company to develop and
market its future product; and (v) risks regarding government
regulation, managing and maintaining growth, the effect of adverse
publicity, litigation, competition and other factors which may be
identified from time to time in the Company's public announcements
and filings. There is no assurance that the marijuana breathalyzer
business will provide any benefit to the Company, and no assurance
that any proposed new products will be built or proceed. There is
no assurance that existing “patent pending” technologies licensed
by the Company will receive patent status by regulatory
authorities. The Company is not currently selling commercial
breathalyzers. Actual results and future events could differ
materially from those anticipated in such information. These and
all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, the Company does not intend to update
these forward-looking statements.
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