VANCOUVER, British Columbia – Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF), developer of the Cannabix Marijuana Breathalyzer for law enforcement and the workplace announces the results of its annual general and special meeting of common shareholders held on February 17, 2015 in Vancouver. Resolutions passed at the meeting included the re-appointment of Manning Elliot Charted Accountants LLP as auditors, approval of the company’s incentive stock option plan, shareholder approval of the plan of arrangement to transfer 100% of the Monster Lake South gold property and $10,000 cash to Spinco (Torino Ventures Inc.) in consideration for the issuance of eight million common shares of Spinco, and to distribute these common shares to the company’s shareholders on a pro rata basis pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). Furthermore, the following directors were elected by shareholders: Rav Mlait, Bryan Loree, Kal Malhi, Raj Attariwala and Thomas Clarke.
Kal Malhi, President of Cannabix Technologies stated, “Our team continues to work with engineering firm KLN Klein Product Development to optimize the Cannabix Marijuana Breathalyzer prototype for release in a timely manner. We have been pleased by the most recent media recognition Cannabix has received over the last week or so with Portland Oregon’s ABC affiliate KATU 2 (KATU.COM) and CTV National News (Canada) highlighting Cannabix Technologies and its developing marijuana breathalyzer.”
We seek Safe Harbor.
For more information visit cannabixtechnologies.com
About Cannabix Technologies Inc.
Cannabix Technologies Inc. is the developer of the patent pending Cannabix Marijuana Breathalyzer for law enforcement and the workplace. The Cannabix Marijuana Breathalyzer drug-impairment recognition system is based on breath testing technology that has been developed to test individuals for recent consumption of the THC component of marijuana. Cannabix is advancing its products to enable law enforcement personnel to use this technology to enhance detection of marijuana impaired driving offences on North American roads at a time when marijuana is becoming legal in many jurisdictions. Cannabix is working to develop a drug-testing device that will detect Tetrahydrocannabinol (THC- the psychoactive component of marijuana that causes intoxication) using breath samples. The device would be used to provide detection of THC at the roadside to identify drivers intoxicated by the recent use of marijuana. The device will also be useful for other practical applications such as testing employees in the workplace where intoxication by THC can be hazardous. The device is currently in prototype development.
We seek Safe Harbor.
On behalf of the Board of Directors
Cannabix Technologies Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please visit the following sites.
ABC News Detroit: http://www.wxyz.com/news/comapny-developing-marijuana-breathalyzer
CTV News: http://bc.ctvnews.ca/former-mountie-join-forces-with-doctor-to-create-marijuana-breathalyzer-1.1870202
ABC affiliate KATU 2: http://www.katu.com/news/investigators/Could-pot-breathalyzer-catch-doped-up-drivers-weed-marijuana-car-290284381.html?tab=video&c=y