Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing
July 11 2024 - 8:15AM
Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (Frankfurt:
8CT) (the “Company” or “Cannabix”) reports that early testing by
Omega Laboratories Inc (“Omega Laboratories” or “Omega”) with the
Company’s marijuana breathalyzer technology have garnered positive
results. Omega has commenced pre-validation scoping work to
establish limits of detection (LOD) and limits of quantification
(LOQ) as well as the cutoff level for the detection of delta-9 THC
(primary psychoactive ingredient in cannabis) in breath. Recently,
Cannabix entered into a strategic partnership and development
agreement with Omega Laboratories to advance the development and
commercialization of the Cannabix marijuana breathalyzer
technology. Omega Laboratories is an international industry leader
in forensic drugs of abuse testing with multiple international
certifications and accreditations.
Highlights:
- Omega scientists have established a
delta-9 THC calibration curve with samples obtained from the
Cannabix Breath Collection Unit (BCU) for the purposes of
quantification using Omega’s preexisting and well-established
extraction and detection processes.
- Thus far, Omega scientists have
been able to detect and quantify delta-9 THC in the low picogram
range – a level of detection low enough for detecting drug
compounds in breath.
- Omega scientists have consistently
detected and quantified delta-9 THC from breath samples collected
from subjects utilizing the Cannabix BCU.
- Omega scientists have developed a
test method for a breath sample that successfully detects and
differentiates between delta-9 THC, delta-8 THC, CBN and CBD.
Cannabix and Omega have begun working together on multiple fronts
including hardware refinement, marketing and preparing numerous
validation studies.
Omega Laboratories is headquartered
in Ohio, USA in a state-of-the-art facility providing
drugs of abuse testing to over 6,000 clients worldwide, including
several Fortune 500 companies, police, highway patrol, court
systems, military organizations, and school systems. Omega also has
one of the largest Third-Party Administrator (TPA) client lists in
America.
Rav Mlait, CEO of Cannabix stated, “We are off
to a terrific start alongside Omega Laboratories. We are working
together to help provide a comprehensive marijuana breath testing
solution for employers, law enforcement and others. Public policy
in the United States towards cannabis is garnering additional
attention as we move closer to the U.S. presidential election later
this year where cannabis legalization could become a hot topic.
Recently the DEA proposed rules to reclassify cannabis from a
schedule I to a schedule III substance, further bolstering our
expectation that the demand for marijuana drug testing will
continue to increase.”
About Omega Laboratories, Inc.
Omega Laboratories, headquartered in Mogadore,
Ohio with additional state-of-the-art facilities in Ontario and
British Columbia, Canada provides laboratory-based advanced testing
solutions to over 6,000 clients worldwide. Omega Laboratories has
over 24 years of experience in pioneering innovative drug testing
methodologies, specializing in the detection of drugs of abuse
utilizing Hair, Oral Fluid and Urine. Omega continues to innovate
with the launch of their Technical Solutions portfolio that
incorporates a paperless online Custody & Control Form system
(oCCF) in eight languages, licensure of a Laboratory Information
Management System (LIMS) designed specifically for Toxicology and
powers new laboratories in countries that have demand for local
service providers.
About Cannabix Technologies Inc.
Cannabix Technologies Inc. is a developer of
marijuana and alcohol breathalyzer technologies for law
enforcement, workplaces and laboratories. Cannabix is developing
delta-9 THC and alcohol screening devices. Delta-9 THC is the
primary psychoactive ingredient in cannabis. Breath testing for
delta-9 THC would allow employers and law enforcement
to identify recent marijuana use. Cannabix is the developer of
its Breath Logix Series of breath alcohol detection devices for
employers and a range of other settings.
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
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains certain
"forward-looking statements" within the meaning of such statements
under applicable securities law. Forward-looking statements are
frequently characterized by words such as "anticipates," "plan,"
"continue," "expect," "project," "intend," "believe," "anticipate,"
"estimate," "may," "will," "potential," "proposed," "positioned"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements in
this news release include, but are not limited to, statements
relating to: the achievement of any or all of the goals and aims of
the Agreement; the achievement of the milestone developments and
perceived benefits of the Agreement described in this news release;
final development of a commercial or prototype product(s); the
successful trial or pilot of company technologies; the
commercialization of the Company's products; the negotiation and
potential entry into additional agreements with Omega; and the
completion of future financings. 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. Important factors that could cause
actual results to differ materially from those expressed in the
forward-looking information include (but are note limited to):
adverse market conditions; risks regarding protection of
proprietary technology; the ability of the Company to complete
future financings; the ability of the Company to develop and market
its future product; risks regarding government regulation, managing
and maintaining growth, the effect of adverse publicity,
litigation, competition; that Omega may not complete all or any of
the milestones as contemplated in the Agreement; that the CSE may
not approve the issuance of the securities; that the Company’s
development of breathalyzer technology will provide any benefit to
the Company; there is no assurance that any proposed new products
will be built, will be successful in beta testing or clinical
trials; there is no assurance that the Company will enter into any
partnerships to advance any of its corporate initiatives or
technologies; there is no assurance that any “patent pending” or
“provisional patents” technologies licensed by the Company or owned
by the Company will receive patent status by regulatory
authorities; the Company is not currently selling commercial
breathalyzers and there is no assurance that the Company ever will;
and other factors beyond the control of the Company. 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.
The CSE has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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