Become A Featured Company

Cannabix Technologies (BLOZF) Secures Key Patent in the development of Cannabis Breathalyzer

Ryan Allway

February 19th, 2016

News, Top News

Marijuana has been legalized in some form in 27 US states – including four that have legalized recreational marijuana – and an additional 16 states may legalize the drug in one form or another over the next year.  Add that in along with Canada’s new Prime Minister vowing to legalize recreational Marijuana on a national scale in the near future, and it is easy to see why state regulators and law enforcement officials have been scrambling to develop and enforce marijuana related laws to protect the public.

One of the largest spotlights thus far has been placed on driving under the influence of marijuana, and how exactly to regulate it. According to the Governors Highway Safety Association, 18 states have zero tolerance or non-zero per se laws for marijuana, nine states have zero tolerance for THC or a metabolite, three states have zero tolerance for THC with no restriction on metabolites, five states have specific per se limits for THC, and only Colorado has reasonable inference laws for THC. The problem is that currently THC must be determined by a blood, urine, or saliva test that’s difficult and invasive.

Cannabix Technologies Inc. (CSE: BLO) (OTCQB: BLOZF) aims to make roadside marijuana tests possible for law enforcement and less invasive for individuals. Using a technique known as mass spectrometry, the company is developing a handheld device that analyzes the chemical compounds in breath to determine and measure the presence of THC – the psychoactive component of marijuana that law enforcement is interested in gauging.  One of the major problems thus far has been condensing a 500 lb. mass spectrometer into a handheld device that can easily be used without a PhD in molecular chemistry.

In a recent corporate video, the company outlined the need for a cannabis breathalyzer and detailed its innovative Cannabix technology:

The cannabis industry may disagree over the impact of marijuana on driving and the levels at which someone should be considered intoxicated, but few would argue against the ability for LEO’s to perform a live time analysis of an impaired driver and remove them from the road if necessary.

Securing a License

Cannabix Technologies began working with the University of Florida’s Dr. Yost last year to optimize the high-field asymmetric waveform ion mobility spectrometry (“FAIMS”) cell for detection of trace amounts of THC through exhaled breath. Since then, the team has made consistent progress towards the development of a FAIMS-based hand held breathalyzer that could become an invaluable tool for law enforcement agencies.

In early February, the company exercised its option to license U.S. Patent 8,237,118 from the University of Florida for the area of breath analysis of controlled substances. The exclusive worldwide license for controlled substances usage marks a key milestone in the company’s corporate history and solidifies its intellectual property portfolio.

In addition to the license, the company indicated that it would renew its agreement with the University of Florida to continue to development of its FAIMS-based marijuana breathalyzer in order to ultimately bring it to market. The company will also be presenting at PITTCON in early-March – the largest annual laboratory sciences conference and exposition in the world – to present some of its findings in the area of breath testing for THC.

Commercializing a Solution

Cannabix Technologies’ breathalyzer would determine whether someone has THC in their system within the last two hours of consumption. If successfully rolled out, the technology would provide a much better solution than cheek swabs that produce inaccurate results, blood tests that are extremely invasive, or behavioral tests that rely on subjective opinion. The technology would also provide a critical measure of “recency” to avoid implicating drivers that are no longer high.

The University of Florida’s Yost Research Group has demonstrated the ability to detect ultra-low levels of THC in simulated breath using their FAIMS cell in conjunction with mass spectrometry. In the past, Dr. Rick Yost has conducted research involving over 100 graduate students, funded by over $40 million in grants, and which led to the publication of over 160 papers and 16 patents that have resulted in $30 billion worth of commercial sales.

Looking Ahead

The need to accurately measure THC in roadside tests is growing in importance with the prospect of marijuana being legalized in over half of the United States (and all of Canada). In early February, the company announced its intent to raise up to $1 million in a non-brokered financing at $0.15 per unit (common share and $0.25 warrant) to finance these plans and bring its innovative technology to a market that’s very much in need.

Aside from investors in the cannabis industry, investors in law enforcement stocks, like Digital Ally Inc. (NASDAQ: DGLY) and Security Devices International Inc. (OTCQB: SDEV), or laboratory analysis stocks, like NanoString Technologies Inc. (NASDAQ: NSTG) and NeoGenomics Inc. (NASDAQ: NEO), may want to take a closer look at the stock given these new catalysts.

For more information, visit the company’s website at www.cannabixtechnologies.com.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading