Collaboration between Cannabix and Omega Laboratories to bring marijuana breathalyzer technology to market

Cannabix Technologies (OTCPK:BLOZF) has recently announced a strategic partnership and development agreement with Omega Laboratories, resulting in a 21% increase in its stock price. Omega Laboratories, based in Ohio, is a global leader in providing abuse testing of forensic drugs for over two decades. This new agreement will enable the commercialization of Cannabix’s marijuana breathalyzer technology.

The partnership agreement includes an ‘R&D Phase’ and a ‘Commercial Phase,’ as well as exclusive testing of Cannabix’s delta9 THC breath sample cartridges for drugs within North America for the next five years. During the commercial phase, the two parties will collaborate on determining pricing, licensing, and other revenue parameters. In exchange for reaching specific milestones, Omega will receive 1 million shares of Cannabix (OTCPK:BLOZF) and 11 million special warrants.

This partnership marks a significant step forward for Cannabix Technologies as it looks to advance its innovative marijuana breathalyzer technology in the market. By teaming up with Omega Laboratories, the company aims to expand its reach and bring its cutting-edge products to a wider audience.

Cannabix Technologies is committed to developing reliable and accurate cannabis testing solutions that meet the needs of law enforcement agencies and healthcare professionals worldwide. The company’s proprietary breathalyzer technology is designed to detect cannabis use through non-invasive analysis of breath samples, making it an attractive alternative to blood or urine tests.

Omega Laboratories’ expertise in abuse testing will be crucial in validating Cannabix’s technology and ensuring that it meets regulatory requirements. The partnership will also provide opportunities for cross-promotion and marketing efforts between the two companies.

Overall, this strategic partnership between Cannabix Technologies and Omega Laboratories represents a significant milestone in bringing advanced cannabis testing solutions to market. With increasing demand for accurate cannabis testing solutions across various industries, this collaboration has immense potential to drive growth and innovation in this rapidly evolving space.

In conclusion, the partnership between Cannabix Technologies and Omega Laboratories marks a significant step forward for both companies as they work together to bring innovative cannabis testing solutions to market. As more states legalize marijuana use across North America, there is a growing need for reliable and accurate testing methods that meet regulatory requirements while minimizing invasiveness. By combining their expertise and resources, these two companies are poised to become leaders in this emerging industry segment.

By Sophia Gonzalez

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