- Business
- Cryomass Technologies Inc. (OTCQB: CRYM) develops and licenses proprietary cryogenic equipment and processes for refining harvested cannabis, hemp, and other premium trichome-rich crops. The company offers its flagship CryoSift Separator, a patented system that utilizes liquid nitrogen to flash-freeze biomass, reduce volume by up to 80%, and separate intact trichomes containing cannabinoids and terpenes; this solventless technology processes up to 700 pounds of fresh biomass per hour, eliminates drying and trimming steps, supports wet or dry feedstock including fresh frozen flower and trim, and enables superior extraction yields up to 4 times higher for processors. CryoMass generates revenue through equipment sales, non-exclusive patent licensing, and recurring processing fees based on biomass volume; it operates primarily in the United States and Canada, targeting cultivators, processors, and operators in the cannabis and hemp industries.
Founded in 2011 and headquartered in Denver, Colorado, the company, formerly Andina Gold Corp., rebranded to Cryomass Technologies Inc. in August 2021 following its acquisition of key assets from Cryocann USA Corp., including US Patent #10,864,525 for cryogenic plant material separation.
Recent developments include the February 2025 sale of its first two-skid production-model CryoSift Separator to a special purpose vehicle for deployment in Canada under a multi-year equipment lease and non-exclusive patent license agreement, generating one-time sale revenue plus ongoing processing fees; in the same month, CryoMass announced another sale of a production model unit to Tribe Collective in Oklahoma, facilitated by financing from NEC Financial Services, with concurrent patent licenses to Tribe and Choctaw operators providing potential annual recurring revenues exceeding $1 million per unit based on volume.