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A good thing.
AMG's critique is probably pretty close to true.
If you think that Cannabix was unaware that Yost had that technology the whole time, you would be crazy.
Highly likely that FAIMS was the end goal from Day 1.
The patent situation specifics shouldn't matter (e.g. who it is actually licensed by) because the same person runs both companies. If the device is built, we will see share increases.
I still have a feeling that the beta device will be released, and then when a FAIMS breathalyzer for THC has been developed (separately), we will see a merger.
I will come back and reference this post when it happens down the road!
Just my guess, which of course is...just a guess!
How do people generally feel about the possibility that Breathtec and Cannabix might merge?
Ultimately, I do not see how BOTH of the companies will be able to license the same patent...
Shell3, what do you think is going on here? It looks to me like Cannabix/Breathtec have set up the paper work such that they are ready to acquire the patent for the FAIMS technology, paying University of Florida (and others) in the process. Actually, it looks like this is a way for funds to be transferred to Cannabix, thus providing them with some more money to push for testing.
Can anyone tell me if there has been any insider sells, publicly?
I would disagree with that. The breathalyzer for marijuana will be released before any product that can detect illness. WELL before.
I agree that it would significantly help Alpha detect lower levels, but Cannabix executives have stated that currently, Alpha is being developed separate from FAIMS. FAIMS will not be added to Alpha.
Would someone link me with "Form2A" and the deadline for beta. Thanks.
Do you think Yost has an influence on beta... because from what I have gathered, FAIMS is being developed separately from beta.
Not sure about that articles credibility. Seems to be removed from the site.
Beta Prototype
My take is the following:
a) the alpha prototype has been worked on for nearly a year now, with an updated patent application filed in August, and new IP generated since then. It is likely that further testing has been performed since September. Given the typical length of testing, it would not seem feasible (unless media presentation of progress by the Company has been skewed) that beta could be ready right now. However, it could be quite soon (a month or two), or longer, say Spring. The executives would like to cash in on their 5 million shares for completion of Beta. It WILL happen at some point.
b) A FAIMS device. This of course is going to be separate from Beta, and my belief is that, if it wasn't for the 5 million shares incentive for completing the beta device, they would have simply put all of their eggs in the FAIMS basket. Given the timeline for testing and building a breathalyzer with FAIMS technology. Guessing at that, is sketchy. However, the Patent was filed a while back and the top researcher in the world (re: FAIMS) has been actively working with it for years. It wouldn't be surprising if Cannabix revealed a working FAIMS breathalyzer prototype by Spring 2016. If the science was still being developed, it could take 2-3 years, if successful. We are much beyond that. Thankfully.
Just my thoughts.
Damn Boock has one beast of a beard.
You are always so negative. Recent patent application updates filed in the past few months = good things to come!
Cannabix.
It will be a long time before anything manifests itself (re: BreathTec). People won't buy in to complex disease monitoring if this group can't pull through on THC alone.
Hmm. Has anyone found out anything about Rocco Iannapollo...?
How about the following..
"register with the state’s Request for Proposal (RFP) website for potential RFPs regarding marijuana detection at roadside."
See the quoted news piece below. Bold line. I wonder if this has been followed through on then?
Rocco Iannapollo becomes an Advisor to Cannabix Technologies
Vancouver, British Columbia, April 27, 2015 -- Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) is pleased to report that Mr. Rocco Iannapollo has become an Advisor to Cannabix Technologies, developer of the hand-held Cannabix Marijuana Breathalyzer for law enforcement and workplace testing. Mr. Iannapollo is an expert on substance abuse programs with more than 20 years of experience in the oil and gas industry, working for fortune 50 companies. Rocco has extensive experience with supplier, employer, and DOT compliance policies and strategies. He also brings deep business acumen regarding operations and supply chain best practices. Mr. Iannapollo will advise Cannabix on global substance abuse programs in a range of industries. Mr. Iannapollo is a member of the Substance Abuse Program Administrator’s Association (SAPAA), the Drug and Alcohol Testing Industry Association (DATIA), as well as a speaker and regular contributor to the International Forum for Drug and Alcohol Testing (IFDAT).
Kal Malhi, President of Cannabix Technologies stated, “We are very pleased to have Rocco Iannapollo join our team of advisors as Cannabix develops relationships with law enforcement agencies, employers, and other industry stakeholders. It is evident from our discussions with prosecutors and law enforcement personnel that breath testing for drugs would be a preferred choice for testing in comparison to other collection methods. For example, we know that THC can be detected for up to 48 hours in oral fluid, meaning that its detection may not coincide with impairment. With this being the case, there is tremendous interest in breath testing technology to deliver a more accurate, non-invasive solution for law enforcement to detect marijuana impairment.”
Cannabix recently met with State of Colorado officials in Denver to introduce its Cannabix Marijuana Breathalyzer. The Company has been urged to register with the state’s Request for Proposal (RFP) website for potential RFPs regarding marijuana detection at roadside.
We seek Safe Harbour.
Don't forget to overlook the abstracty directly below (also from the Yost group) which clearly provides informaiton regarding detection of cirrhosis biomarkers in breath. That would be huge for BreathTec.
We have something big unraveling here folks.
I think CBC is mistaken here. They do not quote Cannabix officials in their statement regarding, "police testing". They actually reference Cannabix's website where they must have read "the device is undergoing testing". See the link CBC provides. It takes you to the page where under the Alpha Prototype heading you can see the paragraph with the underlined sentence that they are likely quoting.
Nonetheless, police won't be testing anything until after BETA is released. Even Cannabix has made it clear several times that ONLY BETA is going to be tested outside of controlled lab setting.
Found this patent while I was doing some searching through the patent literature:
https://patents.google.com/patent/US20150051502A1/en?q=marijuana+breathalyzer&after=20140101
Check claim 38. Thoughts?
PCT Application and it's claims:
You couldn't have read the "full patent"... as there is no "full patent". This is a PCT application. A provisional patent. This basically buys us the time to submit the full patent, without anyone taking our idea. Thus:
I just read through the claims of the patent. I have a few patents in my own name. All that matters in court, is the claims. Your product is only as sound as it's claims. This general patent application, is incredible news! As long as it was filed before anything from WSU... and as long as Cannabix eventually submits the full patent. It looks to me like, we are covered in case anyone else tries to build a breathalyzer. This includes any device using Mass Spec. or the other listed techniques for compound identification.
From what I remember, they have a year from the time of the filing, before this application expires (i.e. they have until late April, early May, to submit the patent).
Your question is a fair one. My math did not add up. My ultimate interest lies in the development of the product, and concurrent investment in it's potential. While there exists many business types who want to make money off this, I invest with a background of science and healthcare. I want to see this product do good for our society. I didn't take the time to calculate a potential revenue... but we all know that with a monopoly on the FAIMS technique, we will be able to set our own sale price and cater to a global market. Regardless of the math, you know that will equate to massive wealth ending up in the pockets of the shareholders.
I will keep my focus to the science and healthcare related aspects. Moral of the story: the technique is covered by a patent, which will not be easily replicated. We have the funds and the right people on board. I will continue to comment on the science and healthcare advances as they arise. Happy to answer any questions also pertaining to the Mass Spec and related concepts.
M
I have received some messages about comparison of the Cannabix Alpha and FAIMS technologies to that of WSU. Here's my thought:
There could be plenty of people working on the development of Mass Spectrometer driven marijuana breathalyzers. The reason we have got a glimpse of two companies working on them, is likely that the university's (UFL and WSU) have disseminated their Mass Spec. techniques and eventually paired up with public companies to market and eventually license. Private companies and even government are likely working on them behind the scenes. Speculation gets you nowhere. Focus on what we know...
My belief is the following: (a) there is no point in drawing comparison between UFL and WSU. The public simply does not know enough information about the exact techniques they employ (i.e. the MS devices and their methods, OR, how they are coupled to a breath separation piece). (b) If we can take one thing from recent news, it is that, WSU has publicly disclosed that their CURRENT BEST METHOD, was not reaching medical grade results. That is massive news. They need to go back to the drawing board and tweak their methods and to be clear, I imagine it will be at least a year before we hear about further results (it takes time to tweak methods, get the device tweaked, and then get back to testing). Furthermore, even if they have a device in a years time, then they need to get third-party (and likely government) approved testing done. Then they need to approach the law. If at any point during that time, Cannabix reveals they have a device (i.e. we have tons of time folks, don't panic)... then one deciding factor will prevail as to who wins the race:
- who's device can detect the THC and its active metabolites with the highest accuracy and precision.
Cannabix has stated the alpha alone wasn't good enough. I have got messages asking/saying "Alpha failed". WOAH, hold up. Alpha has not failed. In fact, the whole point of Alpha is to tweak and redefine methods and levels, just like WSU will need to do. Essentially, they have shown us their Alpha. Alpha has not failed. My recent conversation with management allowed me to learn that advances have been made to Alpha since they have paired with UFL. I expect Beta will be released soon. FAIMS will be separate. That timeline has not been disclosed, but a world expert works on it currently, and has for months. That technology should offer unparalleled sensitivity and accuracy. The Yost group is the world leader in weapon's grade Mass Spec detection, and devices resulting from their patents have brought in billions. Simple.
PATIENCE. Beta will be coming soon enough. We lead the race, most importantly, in terms of POTENTIAL.
What could be more exciting than investing in something that is a slight risk (given that they cannot disclose every step of the way), yet, the payout could be so great (they will hold a monopoly on a product the whole world wants). This company, if they secure the device and the patent cannot be broken, could be worth hundreds of millions. Simple.
"The application of an asymmetric waveform to the inner electrode has an additional ion-focusing action that extends around the spherically shaped terminus of the inner electrode that causes the selected ions to be directed radially inwardly within the region proximate the inner electrode terminus. The inward drift is balanced by the force of the carrier gas flow and the focusing action of the applied electric fields to effectively capture the selected ions. When all forces acting upon the ions are balanced, the ions are effectively accumulated near the terminus of the inner electrode by forces of the flowing gas, or by the focusing effect of the electric fields of the FAIMS mechanism."
"This tandem domed-FAIMS/MS device is capable of detecting and identifying ions at part-per-billion levels."
In the patent. We will have incredible sensitivity.
http://google.com/patents/US8237118
Washington news... good!
Wow. Herbert Hill announcing that his success rate for detection is so low, in public. Interesting. I don't know why they would do that. Sounds like he was reporting his work at a conference of some kind and media wanted to know what was going on. Cannabix was at that point a year ago, before hitting a brick wall with lowering the detection limit.
Science/analytical chemistry input: These mass spectrometry techniques will have inherent sensitivity limits. Basically, you cannot just make them more sensitive by tweaking some buttons. It comes down many special parameters: the ion, time of flight, the chamber, the ionization method, etc, etc. You do not simply tweak the prototype device, you have to go back and tweak the METHOD. Yes you can update patents, but this takes time. Lots of it. When I last spoke to Cannabix, about a month ago... new IP had been generated. Hill group will likely require years of work and often involves working on entirely new methods. I am not sure if they only have students working on this, but, if so, that is good.
This is a close competition. I like excitement though.
If Cannabix hadn't found FAIMS/UFL, we would be stuck. IMHO I think Herbert Hill will be stuck for some time. He is probably a year behind where we are, if I had to guess based on this info.
I think that you, like many others are taking a law-driven point of view that is not quite as important as that which examines the science and the potential of the product. Law enforcement WANTS this device and the government is going to be desperate as it moves forward and begins the process of legalization. You are wasting your time analyzing the law - Canadian law differs from American, and not only that, but each state has its own rules and regulations. Let one thing be clear: if there is a working device that demonstrates accurate scientific results, it will find it's way into policy VERY quick. Especially with a LIBERAL government in Canada. Cannabix's recent news article applauding the Liberal party is not irrelevant. It's actually a huge deal.
If Cannabix is the only company making money off of the device worldwide, we win. This stock doesn't just have 2-3 dollar potential, it has 40-50 dollar potential depending on how things play out. They will have a monopoly on a scientific technique that CANNOT be reproduced. Look closely at the patent. You would need a world class research lab with filled with the best analytic chemists, the perfect amount of funding from the right industry contact... and then you have a shot. The University itself cannot sell the product. Technology of this kind, would take an experienced laboratory a lifetime of experience to come up with, if at all. OH WAIT. This situation sounds familiar... Cannabix and UFL. This partnership is one of a kind. No one else is even close IMHO. It takes YEARS of research and expertise and grant money to get to the point where you have a technology of the kind UFL developed. Let alone the massive amount of time and money put into securing the patent. People should make this investment because of the sheer potential of the astronomic amount of money this will generate. Two years until this is on the roads? Day traders and non-science types might not realize, but that is GREAT! The timeline has been proposed. The new world expert with FAIMS has been officially hired. The Canadian government that will back this, has been elected. Things are looking up!
Mahli has just stated:
"We have gotten to a prototype stage and are working on getting the product out to prototype testing by third parties."
Beta is coming. FAIMS is coming. Things are moving along.
http://www.cbc.ca/news/canada/british-columbia/cannabix-technologies-testing-marijuana-breathalyzer-prototype-1.3283771
I have watch post after post and finally feel the need to clarify some things...I feel like there are a lot of people who keep referring to dumping of shares and a failed alpha and other non-sense statements with no backing.
1) Yesterday, a single buyer picked up ~400k shares and basically purchased anything between 18-20 cents. There was no "dump".. those shares for sale... were listed for some time (... such small volumes being traded). The massive trade/news release sparked turnover across the day.
2) IMPORTANT. those who haven't gone to graduate school or may not understand the complex relationship between university laboratories, Industry (i.e. companies willing to license) and patent-law need try and relax for a minute. Yes, there is some pressure to get a beta released given form 2a and I do believe that will be coming, however, let us consider for a second what is going on. Two products developed side by side. First of all, we should start by considering UFL, not Cannabix. Think about things from UFL's perspective. Yost lab developed the FAIMS-MS technology over YEARS. Inside the lab, the return of a highly trained (e.g. previous graduate school and military research in explosives) Dr. Boock for his PhD, involved targeting THC and other compounds that would be of interest with regards to detection purposes. Of interest with regards to the eventual development of a device that could be used roadside by law enforcement (AND MILITARY). Let me make something clear... Boock and his supervisor, Yost, are the top of the top in this field. If they don't have a product, no on will (even University of Washington is questionable IMHO based on the science). They have a single graduate student working on that technology and their is no industry contract yet - they are far behind). UFL develop a product in the lab, again, over a LONG period of time. Listen closely... the science... the hard part... it is DONE. That patent and all of the research behind it is YEARS of work. IT WORKS. This was hands down the biggest hurdle. Whether Cannabix was in the right time or place to scored this deal, who cares, they did. UFL CANNOT MARKET the technology and develop a marijuana breathalyzer alone, they represent the University and technically the science is the property of the University. They need a licensing contract in order to do so. Enter Cannabix. Cannabix realizes that the Alpha product needs tweaking to become more sensitive. I spoke to management in the past month... they have generated considerable know-how and overlapping IP as a result of their relationship with UFL, and alas, Alpha is not dead. MOST importantly, these guys are working with UFL, not alone. They are not going to go broadcasting to the world, every step of product development they make. They did that too prematurely with alpha and shares tanked because of it. Lesson learned. The news release, was great, it lets shareholders know these guys are a) still working b) not ignoring us c) politics... grants... a big deal... share price upon successful product development will be to the moon, so dilution is not overly worrisome. d) success with Breathtec = success with Cannabix, and look at the amount of time they JUST spent getting the website going... good sign. e) they finally hired on Dr. Boock... again, not necessary if product development was taking off. As I mentioned in a previous post, he has been working with them for some time now (if LinkedIn is correct... May). NOW they hire? This is good.
That's just MHO and DD. I have gone through these processes myself and understand the fragile nature of the relationship with industry and the industry companies obligations to respect the privacy of the technology being developed at UFL. Stay patient friends, this will work out.
I am not sure who the post was from below... but... that 400k was a single purchase, not a dump. Great sign!
One lump sum of ~400k shares... holy moses.
Hi All - I am new to this board but have been following for quite some time. Have held BLO since West Point Resources days... and still do. Have done my dd - I have a graduate degree in medicinal and analytical chemistry. My bet is that this UFL relationship is going to be the winner. I am familiar with their patents and would like to point out that this is hire is a huge deal (Dr. Boock) - he is the world expert on this technology.
Something to note:
His LinkedIn shows he is listed as a consultant since May 2015. We first got wind of the relationship with Cannabix in September, and finally his hire, in October. IMHO this is good news... they wouldn't be hiring him on if it wasn't working.