2018 Investment Series Post 9

Everyone loves payday. Just like everyone else, once I get that sweet deposit in the bank it starts burning a hole in my pocket. Before much time I am ready to blow it all on a shopping spree. My store of choice is the stock market, and I’m shopping for the best deals on companies. Here is what I dropped my $1,000 on this Friday, April 27th.

Cannabix Technologies Inc.

The ninth pick of the Let’s Be Millionaires investment series goes to Cannabix Technologies Inc. (BLOZF).

Cannabix Technologies Inc. is a small company built completely around the development of one product: a cannabis breathalyzer. The company has been developing a breathalyzer that can detect thc and aims to capitalize on the legalization trend by offering a solution much less invasive than blood testing for testing to see if someone is high at the time of testing. Cannabix Technologies aims to sell this product to law enforcement agencies as well as workplaces around the world.

This pick will pair nicely with my last pick, Cronos Group Inc. I love ancillary plays in new markets. Everyone always focuses on companies like Apple, but if you had bought stock in the companies that supplied parts for the iphone, such as semi-conductors, you would have done extremely well too without even having to pick the market leader of the smartphone segment.

Check out Cannabix Technologies Inc.

About The Stock

This is a purchase that is long overdue for me. I actually discovered this stock back in 2014 when BLOZF stock was trading for 10 cents. Unfortunately my broker would not allow me to purchase the stock because it was “too risky.” I should have just bought it on Robinhood or some other broker that wouldn’t restrict my trading ability. If you haven’t ever traded on Robinhood you can sign up with this link and get a free stock.

BLOZF stock stayed out of the spotlight for awhile and was sitting around 45 cents at the beginning of November, 2017. It was at this point that I had actually decided that I wanted to buy the stock. Unfortunately, I took too long to actually buy the thing and within a week it had surged to $1.40. I was not about to chase that 200% rally so I was back on the sidelines. I watched over the next two months as BLOZF rallied to a peak of nearly $3 a share. Any stock related to marijuana had caught on fire it seemed.

At this point the stock has cooled off and is well off its highs. BLOZF shares are back to trading around the $1.40 range and I have decided that I am not going to wait any longer.

Since the company is in the research and development phase of their product and is not selling anything else there are no earnings to report. The market cap of the company is around $140 million. This stock would be considered a micro-cap, growth, international tech stock.

The Speculation

The speculation on BLOZF stock is three fold:  I speculate that over the coming decade legalization of marijuana will spread to other states and countries, that law enforcement agencies and places of work will seek a simple alternative for testing to see if someone is “high,” and that Cannabix Technologies will succeed in creating the product that provides that simple alternative.

If the legalization scenario does play out then law enforcement and work place regulation will need to find a way to ensure safety and productivity in a world where THC consumption becomes much more commonplace. Hopefully Cannabix Technologies Inc. has a place in that potential future.

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1 thought on “2018 Investment Series Post 9”

  1. I sense a trend! This one seems more risky considering they are in R&D, but if it works out I agree with you that it could be a great one. The product they are trying to make definitely fills a need. People could buy it for themselves too, to make sure they are not too high to drive (assuming there is regulation that comes into play around that), or to set new high scores!

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