DENVER, May 16, 2024 (Globe Newswire) — Cryomas Technologies Co., Ltd. ( “company” or “Cryomas”) (OTCQB: CRYM), a pioneering leader in cryogenic purification systems for trichome-rich crops, today announced the sale of its second CryoSift Separator™ production model (the “Unit”) for $1.2 million. did. This sale coincided with the signing of a multi-party equipment lease and non-exclusive patent license agreement with a wholly owned subsidiary of LEEF Brands, Inc.leaf) (CSE: LEEF, OTCQB: LEEEF) is one of California's largest and most sophisticated vertically integrated cannabis companies.
The sale is a non-dilutive financing agreement for the sale of up to five units entered into between CryoMass and CRYM Co-Invest GP (“GP”), as announced in a press release on January 29th. facilitated by.
LEEF is managed by the best legacy operators in the industry. The company's platform consists of an integrated supply chain, state-of-the-art manufacturing, and a powerful white label service offering that powers some of California's largest brands.
“In our first engagement with LEEF almost a year ago, their positive attitude towards industry-pioneering innovation was immediately apparent.In a dynamic market like California, innovation is the key to It serves as the basis for securing market dominance and strengthening profitability,” said Christian Noel, CEO of CryoMass. “With an unwavering commitment to innovation and a wealth of expertise cultivated in California, LEEF is poised not only to grow but also to disseminate this valuable knowledge. LEEF and CryoMass are strategically positioned in the emerging cannabis market. By forging partnerships, we aim to go beyond traditional practices and save money.'' LEEF supports the difficult learning curve of growing, harvesting, and processing, seamlessly aligning with CryoMass' ethos of innovating outside the box. We represent a group of forward-thinking individuals working together. ”
LEEF CEO Micah Anderson said: “We are excited to partner with CryoMass and integrate their cutting-edge CryoSift Separator™ technology into our operations.” “At LEEF, we are committed to staying ahead of the curve and delivering superior products to our customers. We are proud that CryoMass' innovative approach to biomass refining aligns perfectly with our commitment to efficiency, quality, and innovation.”
CryoMass partners with cannabis giant LEEF
LEEF is an ideal customer and partner for CryoMass due to its vertical integration from cultivation to manufacturing. With large-scale manufacturing capabilities covering all types of extraction and enrichment categories, LEEF can take full advantage of CryoMass technology to streamline operations and optimize costs across the supply chain.
This strategic partnership marks another important milestone for Cryomas as it continues to expand its footprint in the rapidly evolving cannabis industry. By collaborating with industry leaders like LEEF, CryoMass strengthens its position as a pioneer in cryogenic biomass purification, driving innovation and delivering unparalleled value to its customers.
CryoMass Technologies Inc.'s common stock trades on the OTC QB Market under the following symbol: krim. For more information, please contact us by email at investors@cryomass.com or by phone at 303-222-8092.
About cryomass
CryoMass Technologies Inc. develops and licenses state-of-the-art equipment and processes for refining harvested cannabis, hemp and other premium crops. The company's patented technology utilizes liquid nitrogen to reduce biomass and efficiently separate, collect, and preserve delicate resin glands (trichomes) that contain valuable compounds such as cannabinoids and terpenes.
Based on this technology, CryoMass has designed the best trichome separation unit (CryoSift Separator™), optimized by a patented cryogenic process, to produce intact and high-value cannabis and hemp trichomes. Capture quickly (CryoSift™). Similar to sugar and flour refining, the resulting CryoSift™ concentrate is a superior product compared to unprocessed biomass. For growers, reducing biomass to CryoSift™ reduces volume by up to 80%, significantly reducing storage, handling and transportation costs. When stored properly, CryoSift™ retains its potency and value by preventing terpene degradation. For processors, minimizing inputs also provides significant cost savings and logistical benefits. Extraction from his CryoSift™ using solvents and production of solvent-free products provides industrial-scale yields not achievable by other methods. CryoMass expects its efficiency to drive industry-wide changes in post-harvest methods for cannabis and hemp. Additionally, this technique has been shown to be promising for a variety of trichome-rich plants.
About Leaf Brands Co., Ltd.
LEEF Brands Inc. is a leading California-based cannabis extraction and manufacturing company known for its extensive vertical integration and as one of the state's most sophisticated operators. With a comprehensive supply chain, state-of-the-art manufacturing process and dynamic bulk concentrate portfolio, his LEEF powers some of California's largest brands. For more information, please visit www.LeefBrands.com.
This press release is not intended to be a solicitation of securities or an invitation to purchase, subscribe for, or sell securities in the United States or any other jurisdiction.
Forward-looking statements
This press release involves known and unknown risks, uncertainties and other factors within the meaning of the Private Securities Litigation Reform Act of 1995, including the risk factors identified in the Company's SEC filings. May contain forward-looking statements. that our actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements; Risks and uncertainties include changes in the regulatory environment affecting the sale and use of cannabis or hemp products and other potential lines of business that we may consider entering at any given time, demand for our products, internal This includes, but is not limited to, funds. our financial condition, product development, competition, dependence on our commercial partners, fluctuations in global commodity markets, and our company, our products, and the markets in which we operate or seek to enter; as well as other commercial matters and general economic conditions. The forward-looking statements in this press release are made only as of the date of this press release and, unless otherwise required by applicable securities laws, the Company does not intend to make any forward-looking statements, whether as a result of new announcements or otherwise. The Company disclaims any intention or obligation to update or revise any forward-looking statements. information, future events and more.
Notes on cannabis operations in the United States
Investors should be aware that there are significant legal restrictions and regulations governing the U.S. cannabis industry. Marijuana, as defined by the U.S. Controlled Substances Act, remains a Schedule I drug under their respective laws, and among other things, the cultivation, distribution, and possession of cannabis is illegal under U.S. federal law. Financial transactions involving proceeds arising from or in furtherance of cannabis-related business activities in the United States may be the basis for prosecution under applicable U.S. federal money laundering laws. Please review our SEC filings carefully regarding the relevant risk factors.
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