Dehydrated foods technology. Has had one great announcement after another. Seem to have crossed over a threshold now. Amount of money they lose on a quarterly basis is small and have about $6 million in cash.
Has procedure for drying food and extracting nutrients from it. It is a science project at this point, but they have good patents. It is a good company with good potential .
He has watched it. It is the one that got away from him. It is an interesting technology that they signed. 10 days ago they announced it. Revenue will come from selling the machines as well as a royalty payment from operating it.
A 10-year overnight success. They have a dehydration process for food (cheese sold in Starbucks). They make some money selling those dehydration machines, but also receive a royalty. Now, they're getting into cannabs, signing deals with Tilray, Aurora and Green Organic Dutchmen to quickly dry cannabis in a process that avoids spoiled crops (i.e. bacteria). He wishes he had bought it. They've enjoyed a great year.
He owned the stock years ago. They dry things like food. They are now getting into the marijuana space. It has done very well lately but if they are going to get meaningful contracts, they are going to do well.
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