LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

I have been trying to submit a reddit post discussing the drug detection device companies and have been rejected on 3 different accounts. If anyone has a working reddit account and would like to post the following report to wallstreetbets, weedstocks, etc. here is what I had written. I was being as unbiased as possible and just providing the facts and comparisons:

Hound Labs

Current Valuation = $100-$500 Million (www.crunchbase.com/organization/hound-labs/company_financials)

Revenue = $34.8 Million (https://growjo.com/company/Hound_Labs#google_vignette)

Company is currently private

31 Patents Granted

Hound Labs is the developer of a breathalyzer technology designed to detect marijuana in a person's breath. The company's technology analyzes oral fluid, blood, and urine to measure recent marijuana use and alcohol in breath, enabling businesses to ensure workplace safety and productivity while allowing legal marijuana use after work hours. Hound Labs, Inc. is committed to developing ultra-sensitive, automated, and analytical breath technologies that will pave the way to practical and fair solutions for leading public health and safety issues. The Company’s first solution, the HOUND® CANNABIS BREATHALYZER, specifically targets THC molecules, limiting cannabis detection to the workday so employers can create testing policies that help balance workplace safety with employee fairness and privacy. Dr. Mike Lynn, emergency room physician, deputy sheriff (reserve), and former venture capitalist, co-founded Hound Labs, Inc. in 2014. Unlike traditional drug tests such as oral fluid, urine, and hair that have detection windows lasting days, weeks, or months after use, the HOUND® CANNABIS BREATHALYZER isolates detection to use within a narrow window of 2-3 hours.

Lifeloc Technologies (Ticker symbol LCTC)

Current Market Cap = $10.2 Million

Revenue = $9.3 Million

Stock Float = 256,000 shares

44 Patents Granted

Lifeloc Technologies Inc is a developer, manufacturer, and marketer of portable hand-held and fixed station breathalyzers and related accessories, supplies and education for law enforcement, workplace, corrections, original equipment manufacturing, and consumer markets worldwide.. It offers fuel-cell based breath alcohol testing equipment. In addition, it also offers a line of supplies, accessories, services, and training to support customers' alcohol and drug testing programs. Further, it provides breathalyzers; Sentinel zero tolerance alcohol screening station; R.A.D.A.R, a Real-time Alcohol Detection and Reporting; and calibration products, as well as breath testing devices. Additionally, it offers Easycal; Phoenix; Lifeloc; and SpinDx. The company was incorporated in 1983 and is headquartered in Wheat Ridge, Colorado.

Latest News:

SpinDx has been demonstrated in our laboratory to effectively detect for delta-9-THC, cocaine, fentanyl, amphetamine methamphetamine, morphine, MDMA, and benzodiazepines. Testing has validated the SpinDx measurement technology against the definitive standard liquid chromatography-mass spectroscopy (LCMS) measurement utilizing human samples. The LCMS data are validating the SpinDx test results on real-world human saliva tests at a limit of detection of approximately 10 ng/ml. With our research and development work, we continue to improve our technology's robustness, speed, and convenience of operation. The start of beta testing of our SpinDx saliva testing system utilizing the delta-9-THC disks is expected later in 2024 using prototype readers as shown in the photograph below. Commercial launch of our first SpinDx application is projected to occur in 2025. Following initial commercialization, we expect more offerings from this technology platform to include expanded drug panels and samples collected from blood and breath.

"Our top priority is pushing the SpinDx product platform across the finish line," Dr. Willkomm said. "We anticipate increasing our research and development expenses in this final push toward commercialization. With the rising interest in saliva drug testing, the initial release of SpinDx to the market becomes more urgent and valuable."

Cannabix Technologies (Ticker symbol BLO/BLOZF)

Current Market Cap = $64 Million

Revenue = 0

Stock Float = 104 million shares

5 Patents Granted

Cannabix Technologies Inc. is a developer of marijuana and alcohol breathalyzer technologies for law enforcement, workplaces and laboratories. It is developing breath testing technologies that can be used at the point of care to detect recent use of marijuana. It is also developing its technology to help employers, law enforcement, government and the public, when marijuana is becoming legal for recreational and medicinal use in many jurisdictions globally. The FAIMS device is designed to operate both independently or coupled in tandem directly to a mass spectrometer, used in forensic labs. The THC Breath Analyzer is a point of care breath testing tool for the rapid detection of recent cannabis use.

Latest News:

Cannabix Technologies Inc. reports that it has entered into a strategic partnership and development agreement dated May 15, 2024 with Omega Laboratories Inc of Ohio, USA. The Agreement provides a pathway for commercialization of Cannabix’s marijuana breathalyzer technology. Pursuant to the Agreement, Cannabix and Omega Laboratories have agreed to, among other things, complete research and development, refine and expand the use of Cannabix’s technology to meet existing and emerging needs of Omega’s clients, contemplate manufacturing and distribution and introduce the delta9 THC breath testing technology to customers in North America. The agreement contemplates critical steps to further Cannabix’s technology from the research and development stage to commercialization.

And in full disclosure, I do own some shares of LCTC and BLOZF and I am waiting to hear back from Hound Labs to find out if they will be doing an IPO anytime in the near future. If we do get a Hound Labs IPO, it should bring interest to the drug detection sector and the other companies also working on marijuana breathalyzers. If either Lifeloc or Cannabix can produce a working and reliable drug detection device, then I have to imagine they would also have a valuation similar to that of Hound Labs ($100-$500 Million). That leaves plenty of room for upside potential in both names.