Cannabix Technologies Inc (OTCMKTS:BLOZF) Stock Jumps After The Patent News

After the Cannabix Marijuana Breathalyzer device developer Cannabix Technologies Inc (OTCMKTS:BLOZF) made a major announcement yesterday, the company’s stock came into sharp focus yesterday and ended the day with gains of 5%. The devices made by the company are meant for workplaces and also for law enforcement.

On Tuesday, the company announced that its patent for “Apparatus and Methods for Detection of Molecules” was granted by the United States Patent and Trademark Office. It should be noted that the granting of the patent is a significant milestone for the company and the market recognised that as well.

In addition to that, investors need to also note that the process has been created by the company after considerable research conducted by the scientists and engineers at Cannabix Technologies. On the other hand, the patent is part of innovations that the company is trying to unleash through its FAIMS or field asymmetric waveform ion mobility spectrometry related marijuana breathalyzer technology.

In recent times, the company has been working towards building up its intellectual property in a big way and this is the latest manifestation of those efforts. The rally in the stock on Tuesday was understandable and it remains to be seen if it can add to its gains today.