Of course they have a "product". I could list dozens of scams that have a "Product". The question is do they have full scale production and a supply chain and bonafide distribution contracts with reputable companies.
All really good penny scams have some semblance of a business. Many even produce some amount of "product" that is endlessly photographed. Look at PLKD as an example. They had "pallets" in a warehouse and on trucks and endless product pics everywhere...the stock is now 0.0001 and just filed for an massive RS.