Larry Fenner: Yes, thanks to the electromagnetic compression The Flux can be used in both markets. Any viscosity can now be consumed through vaping.
Q&A 8
CIM: Can Magna Flux be used in the tobacco and cannabis market?
Larry Fenner: Yes, I have, and their response was very positive.
Q&A 9
CIM: Have you met with “Big Tobacco” yet? If so what was their response?
Larry Fenner: Yes, we do plan on manufacturing and distributing the Flux cartridge and during private labels for companies as well. We are open to the idea of licensing this technology as well.
Q&A 10
CIM: Could you tell us your strategy going forward? Do you plan on manufacturing, distributing, retailing or licensing the Magna Flux vape cartridge?
Larry Fenner: Everything has a price but our main focus at this point is to show the industry who we are, what we are about and how we have the perfect solution.
Q&A 11
CIM: Would Magna Flux be open to being acquired by a larger company?
Larry Fenner: Even though we are a startup company and have not officially launched we feel like there are no major competitors. We are the only ones revolutionizing the way vaping is currently being used. But if I had to choose a major competitor it would have to be Juul. Giving what we have to offer I see myself as a benefit to Juul and respect the success that they have obtained.
Q&A 12
CIM: Who are your major competitors?