InvestorsHub Logo
Followers 29
Posts 146
Boards Moderated 0
Alias Born 03/05/2017

Re: Ignatz post# 53462

Thursday, 08/15/2019 9:48:37 PM

Thursday, August 15, 2019 9:48:37 PM

Post# of 70650
As for that manufacturer in Grass Valley CA..

In 2017, TruSteel became the title for the company Van Lenten now runs as the Chief Technology Officer and head of Research and Development. The company, with about 15 employees who all live in Nevada County, sells falling film evaporators, or machines that extract solvents, specifically for the cannabis industry.

The team of 15, however, doesn’t just build evaporators, they also operate as consultants, aiding their customers design a lab, pick out equipment and source different items.

While TruSteel gets its parts from all over the world, including Italy, China, and Germany, its products are assembled and sold from Grass Valley, which has some local residents excited.

TruSteel has now sold 40 to 50 units which are priced anywhere between $100,000 to $1.3 million per product

Last year, TruSteel made about $4.5 million in sales. In 2019, they have a goal of reaching $45 million.

Source (February 2019)

TruSteel manufactures for providers of extraction equipment, systems and performance solutions, such as Vanguard Scientific Systems.

Source (November 2018)

If Proscere Bioscience (SIML) actually exists.. It does appear that it would be a competitor of Vanguard, and could potentially source some extraction systems from TruSteel as well