Cannabix signs distribution deal with Alco Prevention Canada
Cannabix Technologies (CSE:BLO), an innovator in cannabis and alcohol breathalyzers, signed a non-exclusive North American distribution agreement with Alco Prevention Canada
Montreal-based Alco Prevention boasts 4,000 points of sale and representation by 45 agents worldwide
Cannabix develops cannabis and alcohol breathalyzer technologies for workplaces, law enforcement and other retail and professional environments
Cannabix stock has added 96.88 per cent year-over-year but only 50 per cent since 2020
Cannabix Technologies (CSE:BLO), an innovator in cannabis and alcohol breathalyzers, signed a non-exclusive North American distribution agreement with Alco Prevention Canada.
Montreal-based Alco Prevention specializes in consumer electronic breathalyzers, breathalyzer rentals and drug screening tests with 4,000 points of sale and representation by 45 agents worldwide.
The agreement covers Cannabix's Breath Logix autonomous alcohol breathalyzer devices, whose patent pending pre-calibrated cartridge system promises to save time and money associated with calibration equipment and site visits from technicians. The technology can also take pictures to record identity and send blood alcohol content readings via text message, e-mail and dedicated web portal while logging them for future reference.
Cannabix is in numerous discussions with other distributors in North America and internationally. Leadership insights
'The Breath Logix alcohol device is one of the most compact and feature-rich devices I have seen in a long time,' Stephane Maurais, general manager of Alco Prevention, said in a statement. 'The device is well-suited for employer pre-access, work sites, construction, bars, hotels, restaurants and other safety sensitive environments. The device allows employees and patrons to self-test for breath alcohol, avoiding the cost of having to pay an administrator – this saves time and money for customers and makes workplace safety programs easier to deploy. We are very pleased to represent this Canadian-built product.'
'Cannabix is delivering truly innovative new technologies in breath testing to the marketplace,' added Rav Mlait, Cannabix Technologies' chief executive officer. 'Breath testing for marijuana and alcohol is a growing segment, ripe for innovation and disruptive technologies – this has been our focus and we look forward to reaching new milestones in 2025.' About Cannabix Technologies
Cannabix develops cannabis and alcohol breathalyzer technologies for workplaces, law enforcement and other retail and professional environments.
Cannabix stock (CSE:BLO) is up by 10.53 per cent on the news trading at C$0.63 as of 10:58 am ET. The stock has added 96.88 per cent year-over-year but only 50 per cent since 2020.
Join the discussion: Find out what everybody's saying about this cannabis technology stock's deal with Alco Prevention Canada on the Cannabix Technologies Inc. Bullboard and check out Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image of Cannabix's Breath Logix alcohol screening devices: Cannabix Technologies)
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