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Sunday, September 25, 2022

Cryomass Technologies Inc (OTCMKTS: CRYM) On the Move as Co Readies Launch of its Cryogenic Trichrome Separation System

Cryomass Technologies Inc (OTCMKTS: CRYM) continues to move higher in recent trading surpassing the $0.30 mark. Recently the Company reported rigorous testing of its patented cryogenic trichrome separation system has yielded results in all key areas of interest that either met or significantly surpassed pre-testing expectations.  The Company is now busily preparing to deliver its first commercial unit to an operating partner based in the heart of the largest cannabis production region of the world’s largest cannabis market, California. This Monterey-based company manufactures premium extracts for their own brand and several of the more prominent, better-known brands in California.  Their extensive expertise in producing high-quality, standardized extracts should prove invaluable as we refine standard operating procedures (SOP) to guide product development for future customers. CRYM is establishing a toll processing station at their sophisticated Monterey facility, where the Company expects to process cannabis on behalf of some of California’s leading cannabis cultivators, many of which are already close business relationships.  CRYM is confident this partnership will begin generating revenues in the 4th quarter of 2022 and anticipate a steep ramp-up in revenues throughout 2023.  

Recently CRYM welcomed Mike Stringile to lead its worldwide sales team as it prepares to launch its first commercial installation next month in Monterey, California.  Mr. Stringile brings unsurpassed cannabis industry extraction knowledge and sales experience to CryoMass. When I understood what these guys were up to, I immediately thought of just one thing… this will change everything! Mr. Stringile, commenting on his appointment, stated, “I am extremely excited about the opportunity to lead the development and deployment of a robust international sales effort for CryoMass.  I’ve seen just about everything there is to see when it comes to extraction technologies and when I understood what these guys were up to, I immediately thought of just one thing… this will change everything.  And the beauty of this must-have technology is that it is patent-protected until 2038.  I see this as a major game changer for the entire industry – globally.” 

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Industrial Nanotec

Cryomass Technologies Inc (OTCMKTS: CRYM) owner of superior, patented technology is building out its industry shattering CryoCann 500 CF for the handling of harvested cannabis, hemp and other high-value plant material. The company owns patented technology that utilizes liquid nitrogen to fully separate, collect and protect the high-value materials and essential compounds from the harvested plant. Building on that technology, the company’s technical team has completed an initial design for the CryoCann 500 CF system. The CryoCann 500 CF is optimized for the rapid capture (within minutes after plant harvesting) of fully intact cannabis and hemp trichomes, as well as terpenes. Rapid capture should enable cannabis and hemp producers to dramatically reduce costs, increase end-product yields and enhance product purity. The resulting sift can be warehoused for extended periods, or further processed into consumer products. The company believes that efficiencies delivered by the CryoCann 500 CF will trigger industry-wide changes in the handling and processing of harvested cannabis and hemp. It also is exploring the application of the underlying technology to a broad range of industries that handle high-value materials that could benefit from precision capture methods. 

CryoMass Technologies | Refinement Systems for Cannabis and HempThe CryoMass Refinement System uses patented technology to instantly freeze the whole plant and fully separates the trichomes, including THC, CBD and terpenes, from the biomass. The patented process renders up to a 90% dried output material with a dramatic reduction in biomass volume of up to 80%. The resulting high purity, refined “cryogenic sift” can be warehoused for extended periods of time or further processed into cannabis and hemp distillate or isolate for use in consumer products. 

Recently CRYM was granted a patent by the Canadian Intellectual Property Office (#3064896) for its novel plant material separation process technology.  The patent relates in general to separating plant particulates and, in particular, to a system and method for cryogenic separation of plant material.  The patent will remain valid until 2039. The Canadian patent follows the precedent set by the United States Patent and Trademark Office and the State Intellectual Property Office of the P. R. of China, both of which granted process patents to CryoMass that are valid until 2038. CryoMass remains committed to expanding its global patent protection portfolio and is pursuing patents in other important jurisdictions, including the European Union. 

Earlier this year CRYM announced rigorous testing of its patented cryogenic trichrome separation system has yielded results in all key areas of interest that either met or significantly surpassed pre-testing expectations.  The Company is now busily preparing to deliver its first commercial unit to an operating partner based in the heart of the largest cannabis production region of the world’s largest cannabis market, California. This Monterey-based company manufactures premium extracts for their own brand and several of the more prominent, better-known brands in California.  Their extensive expertise in producing high-quality, standardized extracts should prove invaluable as we refine standard operating procedures (SOP) to guide product development for future customers. CRYM is establishing a toll processing station at their sophisticated Monterey facility, where the Company expects to process cannabis on behalf of some of California’s leading cannabis cultivators, many of which are already close business relationships.  CRYM is confident this partnership will begin generating revenues in the 4th quarter of 2022 and anticipate a steep ramp-up in revenues throughout 2023. 

CryoMass Technologies | Refinement Systems for Cannabis and HempThe CryoMass system enables cannabis and hemp cultivators and processors to optimize and streamline their processes, thus dramatically reducing costs while simultaneously capturing approximately 97% of the active elements and increasing the purity and quality of the products sold to consumers. 

https://twitter.com/biggercapital/status/1555273434543935494

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CRYM

On August 9 CRYM welcomed Mike Stringile to lead its worldwide sales team as it prepares to launch its first commercial installation next month in Monterey, California.  Mr. Stringile brings unsurpassed cannabis industry extraction knowledge and sales experience to CryoMass. When I understood what these guys were up to, I immediately thought of just one thing… this will change everything! 

Mike began his extraction career working in the oil and gas industry in Fort McMurray, Alberta, where he was immersed in the complex world of extracting hydrocarbons from oil sands.  After spending more than seven years honing his technical knowledge of hydrocarbon extraction processes, Mike was given the opportunity to apply his extraction expertise to the burgeoning new cannabis industry. 

In November 2018, Mr. Stringile joined an upstart C02 extraction company based in Kelowna, British Columbia, called Vitalis Extraction Technologies.  It didn’t take long for Mike’s expertise to pay off.  Mike integrated his oil and gas industry knowledge into the design of their extractors, which resulted in the development of industry-leading C02 extractors for the cannabis industry.  Simultaneously Mike built an ancillary sales department that did much more than sell extractors; it sold much-needed extraction knowledge and process integration expertise to cannabis companies.  In the first 18 months, Mike’s sales division generated more than $18 million in revenues for Vitalis. Then in March 2020, during the Covid lockdowns, Mr. Stringile co-founded AGMS Solutions Inc., which continues to provide a comprehensive suite of extraction-oriented consulting services to the cannabis industry.  AGMS quickly developed a worldwide network of cannabis cultivators, extractors, and finished goods producers seeking to avail themselves of advanced and customized extraction solutions. 

CryoMass Director and CEO Christian Noël stated, “Having someone with both the technical extraction expertise and proven sales experience that Mr. Stringile possesses is extremely rare in today’s cannabis industry.  I am extremely confident that between Mike and our current Director of U.S. Sales, Steve Cimini, we have the perfect team to rapidly build an international sales and toll-partnering network that generates millions of dollars of revenues.”  

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Currently trading at a $62 million market cap CRYM has 200,435,331 shares outstanding 114,173,042 of which are restricted with just 88,737,648 shares in the float. CRYM is a sec filer and fully reporting OTCQB venture exchange Company that recently completed a $10.3 million equity financing. The Company has a strong balance sheet with $3,667,453, just $1.5 million in debt and $13,326,690 in total assets. CRYM recently completed rigorous testing of its patented cryogenic trichrome separation system has yielded results in all key areas of interest that either met or significantly surpassed pre-testing expectations. The Company is now busily preparing to deliver its first commercial unit to an operating partner based in the heart of the largest cannabis production region of the world’s largest cannabis market, California. We will be updating on CRYM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CRYM.

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Disclosure: we hold no position in CRYM either long or short and we have not been compensated for this article.

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