FluroTech Ltd V.TEST.H

RE:macmillan on midas and a 1hour webinar

[Xwing229]

 Couple notes:

-70 devices to sell, they keep 10 for internal testing
-lots of interest coming from other countries
-31k$/ device for completest+2 scopes 
-expect 20k$ recurring revenues/device some LP wants to test even more often
-Hemp testing is now a major priority because of US Farm Bill
- accuracy was tested on many completests devices and many tester and result variability is under 1% while 3rd party lab result had variability between 10-20% for the same extract
-Biomarking well under way
-some LP told them that the device will pay itself with one crop alone
-they expect to go back to market for a PP once they move outside of Canada because they will need to be able to have THOUSANDS of devices ready once they hit the US (100k growers market). They’ll also need to test thousands of MJ samples to keep vidating the device so they’ll need additional resource  
-roadside, enterprise testing will be a a different device, coming later. Hemp testing has been reprioritized higher.
-they have 5M$ in the bank so the PP is not coming on first sp run for sure.


Things are looking pretty good right now.