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Cannabix, Up 33% as it and AlcoPro Sign a MOU for Marijuana-Breathalyzer Marketing
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Cannabix, Up 33% as it and AlcoPro Sign a MOU for Marijuana-Breathalyzer Marketing
Jan 24, 2025 9:51 AM

12:32 PM EST, 01/24/2025 (MT Newswires) -- Cannabix Technologies ( BLOZF ) shares were last seen up by a third after the company on Friday said it entered a memorandum of understanding (MOU) with AlcoPro to begin collaborating on marketing efforts for the Cannabix Marijuana Breathalyzer (CMB) technology in the United States.

In the short-term, AlcoPro will include the CMB hardware in its upcoming 2025 product catalogue, mailed to over 70,000 businesses in the United States and globally.

The objective of the MOU is to "establish preliminary marketing exposure of the CMB to AlcoPro customers, gauge interest and work towards a future distribution agreement."

Cannabix ( BLOZF ) recently upgraded its Breath Collection Unit (BCU) -- a critical hardware tool used for portable collection of delta-9 THC in breath.

"We are very pleased to be building a relationship with AlcoPro to begin preliminary marketing of our technology," said Cannabix ( BLOZF ) CEO Ray Mlait. "The company continues to advance its marijuana breathalyzer technology with key scientific validations and testing which are well underway."

Cannabix ( BLOZF ) shares were last seen up $0.13 to $0.49 on the Canadian Securities Exchange.

Price: 0.48, Change: +0.12, Percent Change: +33.80

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