CQENS enters manufacturing contract with Montrade for tobacco module; $1.017M initial payment

CQENS Technologies Inc.

Contract with Montrade S.p.A. for a module to manufacture tobacco consumables at 300 per minute for CQENS' Heat-not-Burn system.
Initial payment of ~$1,017,000; additional payments up to ~$1,765,000 upon completion of stages.
Expected module completion by Q3 2026; prior 100-per-minute module from Montrade due early Q3 2025.
Company notes no assurances products can be commercialized.

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