FluroTech Ltd. (TSXV:TEST) COO Rex Kary recently conducted an interview at the Vancouver studio of Proactive Investors with news about their cannabis testing device that is set to hit the shelves very soon.
Mr. Kary also touched on the company’s roadside screening device that he claims will be released by the end of the year, and why two key team members in the company are making a big difference in its development.
FluroTech 101
FluroTech Ltd. is a self-described “technology and marketing company whose core business is focused on the commercialization of new technologies in the cannabis industry.”
“FluroTech’s proprietary spectroscopy-based technology allows for the testing and identification of organic and inorganic compounds contained within biological samples derived from cannabis plants. Using the technology that was developed at the University of Calgary in conjunction with the University of Alberta, FluroTech has developed a two-part solution comprising an instrument called the CompleTest™ and consumable testing kits.”
The CompleTest™ device is a “portable, cost-effective, state-of-the-art cannabis testing device. It provides quick, accurate, and consistent testing results. It’s designed for cultivators, dispensaries, and anyone with a vested interest in consumer safety to test the quality and safety of their cannabis products and optimize potency yield.”
Competition for CompleTest?
Similar devices that the CompleTest™ device may compete with include the Israeli-designed GemmaCert desktop analyzer, which combines spectrometry, image analysis, and data analytics, to provide a real-time, reliable solution for measuring cannabis composition and potency. Results are delivered directly to a proprietary secure app on your smartphone.
GemmaCert, although a private company, has raised millions of dollars in funding from investors including Applied BioSciences Corp. (OTC:APPB), NEO Ventures, and Arba Finance.
Also, MyDx Inc. (OTC:MYDX) developed MyDx® (My Diagnostic), the first multi-use handheld chemical analyzer that can test for pesticides in the food you eat, chemicals in the water you drink, toxins in the air you breathe, and last but not least the safety and potency of your cannabis samples.
Conclusion
As all of the testing devices are fairly new to the cannabis industry, we’ll be watching to see how market share gets divided going forward. In the meantime, be sure to subscribe to Cannabis Stock Updates here so you never miss an important update.
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