CryoMass Technologies Inc. announced the sale of its first production model. As previously announced in January of this year, CryoMass entered into an agreement to sell up to five CryoSift Separators? (?Units?).

The transaction announced is the first of such Unit sales for CAD 1.62 million, which will be deployed in Canada, marking a significant milestone in the Company's growth trajectory. Facilitated by a multi-year, multi-party Equipment Lease and Non-Exclusive Patent License agreement between CryoMass, a Special Purpose Vehicle (the buyer) and a Canadian cannabis and hemp operator (the lessee), this transaction enables CryoMass to actively introduce its patented biomass reduction and trichome refinement method and unique benefits to an established market. In addition to the revenue received from the sale of the Unit, CryoMass will receive a recurring revenue stream from processing fees for the life of the agreements.

The buyer has 60 days to pay the amount due for the purchase of the Unit.