New Partnership Set To Disrupt Cannabis Market With Cutting-Edge Cannabinoid Production
Portfolio Pulse from Jelena Martinovic
CryoMass Technologies Inc. (OTCQB:CRYM) has entered into a licensing agreement with RubberRock Inc., a California-based cannabinoid ingredient producer. The deal includes a territory licensing fee and ongoing royalties for CryoMass, including 25% of gross revenue from cannabinoid extracts, ingredients, or formulations using CryoSift. The minimum quarterly royalties start at $100,000 and will reach $750,000 by Q4 2024, guaranteeing CryoMass at least $3 million in annual royalties. The partnership aims to enhance scale and cost efficiency in cannabinoid production.
August 31, 2023 | 2:49 pm
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CryoMass Technologies has signed a licensing agreement with RubberRock Inc., which will provide CryoMass with a steady stream of revenue from royalties. This partnership is expected to enhance the scale and cost efficiency of cannabinoid production.
The licensing agreement with RubberRock Inc. guarantees CryoMass a minimum of $3 million in annual royalties, which will provide a steady stream of revenue for the company. This increased revenue could potentially boost CryoMass's stock value in the short term. Additionally, the partnership is expected to enhance the scale and cost efficiency of cannabinoid production, which could further increase the company's profitability and positively impact its stock price.
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