So, even though we can find MYDX units for sale in many different countries on the web. The actual Nanolux distribution has barely begun. Nanolux ran a pilot sales test and determined that they can move 10,000 units within the first year. That was as of April 5th, 2016. The Arrow partnership began June 22nd, 2016 in order to satisfy that production quota.
So far, the increasing quarterly Revs has been from mostly in-house Cdx sales, Amazon, ebay, as well as some hydroshops like this one in Northern California:
So, now, we are waiting for the PR that says Arrow has produced "x' amount of units and is shipping them out to the 1000+ retail hydroponic shops in the Nanolux network. That will be the bees knees:)
In April 2016, we announced the first of what we expect to be many major retail distribution deals for our leading technology. Our initial agreement was with Nanolux Technology, Inc. (“Nanolux”), valued at over $4 million. Nanolux produces one of the world’s leading brands of horticultural lighting ballasts. With over 1,000 retail shops in its distribution network, it has an extensive footprint throughout the U.S. indoor agriculture and hydroponic marketplace concentrated in states with cannabis sales legalized in some form -- especially California as the nation’s largest legal cannabis market.
We are beginning to actively roll-out our MyDx Analyzers with CannaDx sensors, sales and marketing collateral along with product and sales training to those 1,000 retail shops. Those sales will begin to kick in during the current quarter and are expected to ramp-up steeply throughout the second half of the year, which will provide us with clear visibility of what the remainder of 2016 and even parts of 2017 will look like from a financial and operational perspective.
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