Cannabix Technologies (OTCMKTS:BLOZF) Announces Quarterly Earnings Results

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

Cannabix Technologies Stock Down 4.2%

OTCMKTS:BLOZF opened at $0.42 on Wednesday. The company has a market cap of $51.30 million, a P/E ratio of -21.19 and a beta of 0.65. The firm’s 50 day moving average is $0.39 and its two-hundred day moving average is $0.41. Cannabix Technologies has a fifty-two week low of $0.20 and a fifty-two week 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.