Cannabix Technologies (OTCMKTS:BLOZF) Announces Earnings Results

Cannabix Technologies (OTCMKTS:BLOZF) announced its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Cannabix Technologies Stock Performance

Shares of OTCMKTS BLOZF traded down $0.02 during midday trading on Tuesday, hitting $0.42. The company’s stock had a trading volume of 75,591 shares, compared to its average volume of 96,232. The firm has a market cap of $51.30 million, a P/E ratio of -21.19 and a beta of 0.65. The firm’s fifty day moving average price is $0.39 and its 200-day moving average price is $0.41. Cannabix Technologies has a 1-year low of $0.20 and a 1-year high of $0.50.

Cannabix Technologies Company Profile

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.