RE:RE:Interest rates"Also all these interested parties and never a single deal..."
All CZO has currently is a pilot-scale 10L PBX facility. 10L isn't much. It is pre-commercial. It is pilot-scale.
On November 7, 2022, in a news release, CZO stated: "This next phase of scale up will allow us to work with commercial partners in nutraceuticals and pharmaceuticals to formulate, test, and commercialize novel products and formulations, including novel functional foods and beverages, novel drugs and various forms of delivery systems,” said Gilles Gagnon, M.Sc., MBA, President and CEO."
The 5X PGX scale-up facility was to be completed last month with commissioning by the end this quarter. At the same time, with Natex, they are building a 10X scale-up to 100L. The 100L facility is expected to be built by September of this year with commissioning by the end of the year. As the Nov. 23, 2023 news release says, "NATEX are experts at design and construction of full-scale commercial plants based on the 100L scale."
The 5X scale-up will provide limited commercial PGX volumes but the 10X scale-up to 100L expected to be commissioned by year-end positions a potential partner for mass industrialization. The 100L facility would appear to best support a licening deal.