Cannabix Technologies Completes Definitive License Agreement for University of Florida Patent for Development of Marijuana Breathalyzer
Cannabix Technologies Inc. (CSE:BLO,OTCPINK:BLOZF) is pleased to report it has entered into a definitive license agreement with the University of Florida (“the University”) for US Patent 8,237,118 (“the Patent”). Earlier this year, the Company announced its intention to exercise its option for the patent. The agreement provides Cannabix exclusive worldwide rights in the area of breath analysis of controlled substances. Cannabix and University researchers are developing an innovative FAIMS (field asymmetric waveform ion mobility spectrometry) based instrument for the detection of ∆9-tetrahydrocannabinol (“THC”) in human breath. In consideration for the patent license, the Company has issued 603,870 common shares to the University.
The Company also reports that development of the Cannabix Marijuana Breathalyzer prototype for the detection of trace amounts of THC, is progressing well and expected to be completed by late fall 2016. In July, the Company announced the development of its “Beta 1.0” bench-top device with a proprietary configurable high voltage power supply which operates on conventional power sources. All components in the “Beta 2.0” bench-top device have been reduced in size even further, some as much as 5X. The Beta 2.0 device will also deliver greater sensitivity. The company expects to have a pilot test ready device for scientific trials for later this fall, while the company continues to develop its Beta 3.0 version which will be a completely portable handheld device.
Scientific trial protocols for testing will be developed with the assistance of Cannabix Scientific Advisors Drs. Marilyn Huestis and Bruce Goldberger and in accordance with the requirements in Canada of the Minster of Justice in Canada and the National Highway Traffic Safety Administration in the United States. The trials will consist of live breath testing utilizing medicinal marijuana users in correlation with blood THC testing to assess the accuracy of the breath test device and its sensitivity and specificity.
Kal Malhi, President of Cannabix stated, “Cannabix is a leader in the development of a hand held marijuana breathalyzer and we are fortunate to have the guidance of Drs. Huestis and Goldberger as we move towards scientific field trials of our device. Both are a vital part in helping Cannabix to move towards this milestone and get closer to delivering a highly accurate and court accepted evidence gathering tool that law enforcement can use to enforce marijuana impaired driving.”
About Professor Dr. Dr. (h.c.) Marilyn A. Huestis
Professor Marilyn Huestis is an advisor to Cannabix Technologies and is one of the world’s foremost experts on the effects of marijuana use on driving impairment. She is a sought after international speaker, scholar and scientist, and the author of 426 manuscripts based on her research on cannabinoid agonists and antagonists, effects of in utero drug exposure and the neurobiology and pharmacokinetics of novel psychoactive substances. Professor Huestis was a tenured Senior Investigator and Chief of Chemistry and Drug Metabolism at the National Institute on Drug Abuse (NIDA) (retired in 2016). She is an Adjunct Professor at the University of Maryland School of Medicine. Professor Huestis received her Bachelor’s degree in Biochemistry from Mount Holyoke College, a Master’s in Clinical Chemistry from the University of New Mexico, and a Ph.D. in Toxicology from the University of Maryland Baltimore. Professor Huestis received a Doctor Honoris Causa in Medicine and Surgery from the Faculty of Medicine, University of Helsinki in Finland in 2010. Other important awards include 2016 Marian W. Fischman Lectureship Award from the College on Problems of Drug Dependence, 2016 Saferstein Memorial Distinguished Lecturer at Northeastern University, Excellence in Scientific Research, Women Scientist Advisory NIDA Investigator Award 2015, Norman P. Kubasik Lectureship Award, AACC, Distinguished Fellow Award from the American Academy of Forensic Sciences (AAFS) in 2015, The International Association of Forensic Toxicologists (TIAFT) Alan Curry Award in 2010, the American Association for Clinical Chemistry Outstanding Contributions in a Selected Area of Research Award in 2008, the International Association of Therapeutic Drug Monitoring and Clinical Toxicology (IATDMCT) Irving Sunshine Award in 2007, the AAFS Rolla N. Harger Award in 2005, and the Irving Sunshine Award for Outstanding Research in Forensic Toxicology in 1992. The journal Clinical Chemistry featured her as an “Inspiring Mind”. She currently serves on the National Commission on Forensic Sciences, and the Organization of Scientific Area Committee on Toxicology, World Anti-doping Agency’s Prohibited List Committee, Transportation Research Board Committee on Alcohol and Other Drugs, and the National Safety Council’s Alcohol, Drugs and Impairment Division Executive Board. Professor Huestis is past president of the Society of Forensic Toxicologists, past Chair of the Toxicology Section of the American Academy of Forensic Sciences, and the first woman president of The International Association of Forensic Toxicologists.
About Dr. Bruce Goldberger
Dr. Bruce Goldberger is a Professor and the Chief of the Division of Forensic Medicine in the Department of Pathology, Immunology and Laboratory Medicine in the College of Medicine at the University of Florida in Gainesville, Florida. Dr. Goldberger is the Technical and Administrative Director of the Forensic Toxicology Laboratory at the University of Florida which provides toxicological services to Medical Examiner Offices and State and local law enforcement agencies throughout the State of Florida. Dr. Goldberger has been qualified as an expert witness more than 300 times in forensic toxicology in Federal, State, Military and Canadian courts of law.
Dr. Goldberger is the editor-in-chief of the Journal of Analytical Toxicology. Dr. Goldberger is a past-President of the American Academy of Forensic Sciences, the President of the American Board of Forensic Toxicology, the Vice President of the Society of Forensic Toxicologists, and the Treasurer of the Forensic Specialties Accreditation Board.
Company is strategically building a diverse edibles portfolio with taste-forward and effects-driven products to cater to market and consumer needs
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the launch of Wonder Wellness (“Wonder”) Gummies and availability in Illinois. The new low-dose edibles are enhanced with botanicals to complement the overall cannabis experience, and their simple packaging communicates desired effects so wellness-minded category newcomers can consume with confidence to add cannabis as a part of their daily lifestyles.
Reports Eighth Consecutive Quarter of Positive Adjusted EBITDA and Positive Adjusted EBITDA from Cannabis Business
Aphria Inc. (” Aphria ,” ” we ,” or the ” Company “) (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today reported its financial results for the third quarter and nine months ended February 28, 2021 . All amounts are expressed in Canadian dollars, unless otherwise noted and except for per gram, kilogram, kilogram equivalents, and per share amounts.
Thoughtful Brands, Inc. (CSE:TBI)(FWB:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands“), an eCommerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe, announces that it intends to consolidate its issued and outstanding common shares (“Shares”) at a ratio of ten (10) pre-consolidated Shares to one (1) post-consolidation Share (the “Consolidation
The Company currently has 389,274,701 Shares issued and outstanding. Following the Consolidation there will be approximately 38,927,470 Shares issued and outstanding. No fractional Shares will be issued and any fractions of a Share will be rounded down to the nearest whole number of Shares. The exercise or conversion price and the number of Shares issuable under any of the Company’s outstanding convertible securities will be proportionately adjusted upon Consolidation.
In the evolving rush of mergers and acquisitions (M&A) in the Canadian cannabis market, Canopy Growth (NASDAQ:CGC,TSX:WEED) announced it will acquire The Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF) in a deal worth approximately C$435 million.
Meanwhile, a cannabis operator in the US confirmed this week that it will receive a financial boost from a partner to solidify its position in the burgeoning Pennsylvania state market.
The Board of Directors of Aphria Unanimously Recommends Shareholders Vote “For” the Arrangement
Aphria to Host Special Meeting of Shareholders on Wednesday, April 14, 2021 to Approve Proposed Aphria-Tilray Business Combination