DENVER — CryoMass Technologies Inc. (the “Company“) has begun real-time trials of a full-scale, user-ready model of its patented cryogenic system for capturing the high-value elements of hemp and cannabis plants. The device occupies 160 square feet of floor space, stands 11 feet tall and operates with ultra-cold liquid nitrogen.
Click below to see a video of the CryoMass machine in operation.
Click the video to see the CryoMass machine in operation!
The goals of the trials are:
- To determine the most efficient throughput rates for different types of gross plant material. Efficient throughput rates allow the equipment to operate continuously, without costly down time.
- To measure the percentage of a plant’s valuable cannabinoids (held in a plant’s trichomes) that are captured by the system at various settings of system controls.
- To measure the system’s consumption of liquid nitrogen.
- To assess the effects on machine parts of direct contact with liquid nitrogen.
- To develop proprietary data capturing systems, to measure and record improved efficiencies, cost savings and end product quality.
Preliminary results indicate:
- Efficient throughput rates are between 400 and 600 kilograms of gross plant material per hour.
- Capture rates (the share of a plant’s cannabinoids that are captured by the system) are between 96% and 97% at the settings tested.
- No failure of machine parts with direct contact with liquid nitrogen has occurred.
Conventional methods of capturing cannabinoids are costly, requiring extensive handling and controlled drying. And they generally entail the loss of one-third or so of a plant’s cannabinoid-bearing trichomes. CryoMass Technologies’ preliminary trial results reinforce management’s opinion that the current device as is offers compelling time, cost and quality advantages to any large-scale cultivator or processor of hemp or cannabis.
Those advantages may apply to processors of other botanicals, since our process eliminates many steps and bottlenecks associated with existing practices.
The common stock of CryoMass Technologies Inc. trades on the OTC QB market under the symbol CRYM. For further information, please contact the Company by email at [email protected] or by telephone at +1 833 256 2382. The Company will welcome your inquiry.
This press release is not an offer of securities, or a solicitation for purchase, subscription or sale of securities in the United States of America or in any other jurisdiction in which it would be unlawful to do so.
This press release may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 that involve known and unknown risks, uncertainties and other factors, including risk factors identified in the Company’s SEC filings, and which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Risks and uncertainties include, without limitation, changes in the regulatory environment affecting the sale and use of cannabis or hemp products and of other, potential lines of businesses that the Company will consider entering at a given time, demand for the Company’s products, internal funding and the financial condition of the Company, product roll-out, competition, our dependence upon our commercial partners, variations in the global commodities markets and other commercial matters involving the Company, its products and the markets in which the Company operates or seeks to enter, as well as general economic conditions. The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Caution Regarding Cannabis Operations in the United States
Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Marijuana, as defined in the U.S. Controlled Substances Act, remains a Schedule I drug under the respective act, making it illegal under federal law in the U.S. to, among other things, cultivate, distribute or possess cannabis. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the U.S. may form the basis for prosecution under applicable U.S. federal money laundering legislation. Please carefully review the Company’s SEC filings with respect to related risk factors.
- Minority Cannabis Academy: Social Equity in PracticeThe Minority Cannabis Academy graduated its first class of 25 students in September. The Academy’s goal is to take advantage of the social equity atmosphere in New Jersey to help those most harmed by prohibition.
- Marijuana Policy Project Releases Voter Guide to 2022 Governors’ Races and Cannabis Policy Reform Ahead of Midterm ElectionOn Tuesday, the Marijuana Policy Project (MPP) released their voter guide to 2022 governors’ races and cannabis policy reform. In 36 states, voters will be choosing their next governor on Election Day.
- Green Thumb to Launch “RISE Express” Dispensaries in FloridaGreen Thumb Industries Inc., a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced plans to expand its medical retail footprint in Florida through a lease agreement with Circle K, the global convenience store retailer.
- Missouri AFL-CIO endorses cannabis legalization constitutional amendmentMissouri AFL-CIO president Jake Hummel on Thursday announced his organization was endorsing the proposal, which will appear on the Nov. 8 ballot as Amendment 3, calling it a “huge step forward for criminal justice reform in Missouri.”
- Minnesota’s Black cannabis users far more likely to face arrest than white onesBlack Minnesotans are nearly five times as likely to be arrested on marijuana charges as white ones, according to the latest data from the Bureau of Criminal Apprehension. It’s a disparity that has persisted for years, despite data showing that Black and white residents use cannabis at similar rates.
- Lawmakers ask MO governor to add cannabis legalization in special sessionA bipartisan group of lawmakers and activists are calling for Missouri Gov. Mike Parson to include marijuana legalization on the agenda of the legislature’s upcoming special session.
- In Brief: Pa. Governor Accepting Cannabis Pardon Requests in Sept.Pennsylvania Gov. Tom Wolf and Lt. Gov. John Fetterman announce the PA Marijuana Pardon Program, offering expedited pardon reviews to people convicted of only minor cannabis possession for personal use.
- Michigan State Police stops cannabis testing after false positivesMichigan State Police have acknowledged that its blood tests for marijuana are producing false positives for THC, and it will immediately halt testing.
- Missouri Dems expect boost from cannabis, but split on specificsSupport for legalization and heartburn about the amendment’s details have led to soul-searching among Democratic Party officials across the state. The consternation is particularly acute among Black Democratic leaders.
- Signatures on Nebraska medical cannabis petitions to get another lookThe Nebraska Secretary of State’s Office has agreed to take another look at signatures submitted by a group seeking legalization of medical marijuana to determine if they should have been counted.