CryoMass Technologies Inc. (OTCQB: CRYM) has signed a license agreement with a California cannabinoid ingredient producer, RubberRock Inc., co-owned by famed extractor Brad Robertson, co-founder of Guild Extracts.
Under the agreement terms, CryoMass received a territory licensing fee and ongoing royalties, including 25% of gross revenue from any cannabinoid extracts, ingredients, or formulations utilizing CryoSift.
Minimum quarterly royalties, starting at $100,000 and reaching $750,000 by the fourth quarter of 2024, guarantee CryoMass at least $3 million in annual royalties.
Why It Matters
As a leader in innovative cryogenic botanical refinement systems, CryoMass said Robertson is an ideal partner as, in 2015, he and Guild Extracts isolated and commercialized high-purity THCa crystalline, the natural …