Cannabix Technologies Inc. Approved for DTC Eligib
Post# of 579
Posted On: 10/22/2014 9:52:59 AM
Cannabix Technologies Inc. Approved for DTC Eligibility
ACCESSWIRE
By Cannabix Technologies Inc.
Vancouver, British Columbia / ACCESSSWIRE / October 22, 2014 / Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (the “Company”) common shares have been made eligible for book-entry delivery and depository services of the Depository Trust Company to facilitate electronic settlement of transfers of its common shares in the United States. DTC eligibility means that a public company’s securities can be deposited through DTC. DTC is the largest securities depository in the world and holds over $35-trillion worth of securities on deposit.
Becoming DTC eligible provides Cannabix shareholders various benefits that include reducing the time for stock deposits and withdrawals into brokerage accounts while eliminating the inherent risks associated with the loss and replacement of physical stock certificates. Additionally, companies that are approved for DTC electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading. Most large U.S. broker dealers and banks are DTC participants.
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 Technologies Inc. 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 various jurisdictions. Cannabix Technologies Inc. is working to develop the Cannabix Breathalyzer device that will detect Tetrahydrocannabinol (THC- the psychoactive component of marijuana that causes intoxication) using breath samples. The device will also be useful for other practical applications such as testing employees in the workplace where intoxication by THC can be hazardous.
We seek Safe Harbor.
On behalf of the Board of Directors
“Rav Mlait”
CEO
Cannabix Technologies Inc.
For further information, contact the Company’s CEO, Rav Mlait 604-551-7831 email at info@cannabixtechnologies.com
ACCESSWIRE
By Cannabix Technologies Inc.
Vancouver, British Columbia / ACCESSSWIRE / October 22, 2014 / Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (the “Company”) common shares have been made eligible for book-entry delivery and depository services of the Depository Trust Company to facilitate electronic settlement of transfers of its common shares in the United States. DTC eligibility means that a public company’s securities can be deposited through DTC. DTC is the largest securities depository in the world and holds over $35-trillion worth of securities on deposit.
Becoming DTC eligible provides Cannabix shareholders various benefits that include reducing the time for stock deposits and withdrawals into brokerage accounts while eliminating the inherent risks associated with the loss and replacement of physical stock certificates. Additionally, companies that are approved for DTC electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading. Most large U.S. broker dealers and banks are DTC participants.
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 Technologies Inc. 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 various jurisdictions. Cannabix Technologies Inc. is working to develop the Cannabix Breathalyzer device that will detect Tetrahydrocannabinol (THC- the psychoactive component of marijuana that causes intoxication) using breath samples. The device will also be useful for other practical applications such as testing employees in the workplace where intoxication by THC can be hazardous.
We seek Safe Harbor.
On behalf of the Board of Directors
“Rav Mlait”
CEO
Cannabix Technologies Inc.
For further information, contact the Company’s CEO, Rav Mlait 604-551-7831 email at info@cannabixtechnologies.com
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