A California-based industrial tech firm announced that it has developed a nanotech water system and technology that aids the growth of healthier cannabis plants with increased crop yields. Shares of Cavitation Technologies, Inc. (OTCQB:CVAT) went flying at the open only to slowly trade down to yesterday’s levels.
Cavitation develops, patents, and commercializes the proprietary technology for large-scale liquid processing applications. The firm has commercialized its proprietary technology for refining vegetable oils by providing domestic and foreign refining facilities with a firm’s Nano Neutralization technology and cavitation systems comprising the Nano Reactor.
Its technologies can be applied to several other fluid-processing industries that will benefit from increased yields, lowered processing costs, and improved quality. It has filed patent applications related to edible oil refining, renewable fuel production, both alcoholic and non-alcoholic beverage processing and enhancement, and petroleum upgrading. Its component comprises of Nano Reactor and LPN.
Traders were initially very optimistic on the news as shares traded up to an early session high of $0.07/share (+14.75%). This move is a strong continuation of the uptrend this stock has been riding so far this year.