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Canadian nutritional supplements · Generational unilevel MLM

Immunotec Inc.

A genuinely licensed Canadian supplement with forty-five years of peer-reviewed literature behind it and its own shelf on mainstream retail - attached to a plan whose own 2023 disclosure shows 73.9% of active US consultants earned $0.00.

Reviewed August 1, 2026 Founded The science originates in surgical research at McGill University in Montreal from the 1960s; the company was founded in 1996 and traded on the TSX Venture Exchange until it was taken private in May 2017 Confidence: Medium-High
CGRADE
6.1/10
Weighted composite

REAL LICENSED PRODUCT, LOSING FIELD

The monthly volume gate is exactly one box of the flagship - US$78.40 - and at the dose on the Health Canada license one box is fifteen days, while 73.9% of active US consultants earned nothing at all for the year.

The question you came with

Can you actually make money with Immunotec?

NO No - not on the numbers this company publishes

No, and it is the company's own numbers that say so. Its 2023 income disclosure states that 73.9% of active US consultants earned $0.00 for the year. The Associate rank, at 3.6% of the field, averaged $18. The Venture rank, where 19.2% of the field sits, averaged $226. So 96.7% averaged $226 a year or less, while the Venture gate costs roughly US$1,882 a year in required purchasing to hold on to.

The gate is the thing to understand before anything else on this page. Maintaining Associate takes 180 PSV a month, and the company's own price list assigns the flagship a point value of precisely 180. That is one box, US$78.40, US$941 a year. The Health Canada license for the product specifies one serving twice daily for adults, so a thirty-pouch box is fifteen days. Every cost a prospect has been quoted on a one-pouch-a-day basis therefore doubles.

Then the comparison nobody makes out loud. A Preferred Customer pays 25% below retail with no registration fee and no volume requirement whatever. A consultant pays 30% below retail after a kit, a 400 PSV qualification month and 180 PSV every month after that. The whole advantage is $5.60 a box, $67.20 across a year, which leaves the year-one consultant about $47 worse off than the customer who never joined. A mandatory annual renewal also exists whose amount appears in no company document.

Credit what is real, because it is substantial. Forty-five years of peer-reviewed literature originating in surgical research at McGill. A genuine Health Canada product license, number 80004370, that anybody can look up in a minute. Official storefronts on mainstream retail marketplaces, which is the cleanest answer there is to whether strangers buy this without an income offer attached. An annual income disclosure that section 4.6(E) makes mandatory to hand every prospect, and a blanket written ban on income claims beside it.

What it costs to be in
C$46

the confirmed Canadian Welcome Kit price; the US kit figure could not be confirmed, with US$36 and US$280 both appearing in secondary sources. Then 400 PSV in one month to reach Associate, and 180 PSV - exactly one box, US$78.40 - every month thereafter. A mandatory annual renewal fee exists; its amount is not stated in any company document we could read.

What would have to change
  • A qualification gate not priced at exactly one box of the flagship. One hundred and eighty PSV a month against a flagship worth precisely 180 points is a recurring purchase obligation wearing the clothes of a volume requirement.
  • The renewal fee written down somewhere. Section 3.4 makes it mandatory, and the policies, the plan booklet, both price lists and the incentive FAQ are all silent on the amount, while a lapse runs an account through inactivation into compression.
  • Buy-back terms stated in the contract. The obligation to repurchase resalable kits exists in section 3.2, and the percentage, the time limit and any restocking fee resolve to nothing in the published text.
  • A disclosure for the market where the field is largest. It appears annually in the United States and Canada, and searching in Spanish across the same content network that hosts the Mexican price list produced nothing.

That call is computed, not chosen - the rule reads three of the nine published dimension scores and is printed on the methodology page. It describes this company's plan and the figures it publishes about the people already in it. It is not a prediction about you, and nothing on this site is advice.

73.9%
Active US consultants who earned $0.00
the company’s own income disclosure for calendar 2023
180 PV
Monthly volume gate - exactly one box of the flagship
US$78.40 a month, US$941 a year at the consultant price
15 days
What one box is at the licensed adult dose
Health Canada NPN 80004370 specifies one serving twice daily
0.92%
Qualified for the 2023 incentive trip
277 consultants out of 30,081 stated as active

Legal status

LEGAL - and the regulatory file is one of the cleanest this site has examined in this sector. No Competition Bureau matter of any kind under the Competition Act’s multi-level-marketing and pyramid-selling provisions (ss. 55 and 55.1). No Health Canada compliance action, recall, stop-sale or advertising complaint. No FDA warning letter. No FTC enforcement, complaint, consent order or civil-penalty action. No state attorney-general action. No class action located in any market. The company appears on the FTC’s published list of October 2021 recipients of the Notice of Penalty Offenses Concerning Money-Making Opportunities - a mass mailing sent to roughly 1,100–1,500 companies across the sector, which is not an allegation, not a charge, not a finding and not an investigation of any recipient. The one adverse item is a self-regulatory monitoring inquiry by the Direct Selling Self-Regulatory Council, administered by BBB National Programs, closed on 6 January 2022 with the flagged material voluntarily removed and no referral to the FTC or any attorney general.

Confidence: Medium-High

Primary sources fetched directly where possible. Everything we could not verify is listed at the bottom of this page by name.

What this actually is

Follow the money

A Québec nutritional-supplement company selling through independent consultants on a generational unilevel plan that pays team commissions across up to eight generations, with per-generation percentages unlocked by rank and volume caps on every leg. The flagship is a cysteine-rich, undenatured whey protein isolate supplied in single-serve pouches, thirty to a box.

Lead with the product, because it is the strongest thing here and it is real. The flagship holds Health Canada Natural Product Number 80004370 - licensed 31 October 2007, revised 19 October 2022, held by Immunotec Inc., medicinal ingredient whey protein isolate at 9.0 grams a serving. Behind it sits a forty-five-year peer-reviewed literature originating in surgical research at McGill University: the company’s own bibliography runs to 116 publications with 19 human randomised controlled trials, in journals including the Journal of Applied Physiology, the Journal of Cystic Fibrosis, Antioxidants & Redox Signaling, Frontiers in Psychiatry, Anesthesiology and JAMA Surgery. And the question every report in this category has to answer - would anyone buy this if there were no income offer? - is answered here by the company itself: it runs official storefronts on mainstream retail marketplaces, selling the same products to strangers at posted prices with nothing attached. Almost nothing else in this sector can point to all three.

Now the license, in the words a reader needs. A Natural Product Number is a license to sell a natural health product in Canada with a defined set of permitted claims. It is not a drug approval - that is a separate, higher-evidence pathway. It is not a clinical endorsement, and several of the permitted phrases here are generic protein-monograph claims that a supermarket own-brand whey powder could equally carry. And it is not a warrant for anything a consultant says: the license permits a short, specific claim set and covers nothing beyond it. Read the literature the same way. It supports narrow findings in small trials in specific clinical populations - cystic fibrosis at N=21, lung-cancer cachexia at N=66, adults over 65 at N=67 analyzed, young adults at N=18 - and two exercise-performance results. It does not establish a general immune benefit for a healthy adult, and the company’s own bibliography disclaimer says research articles "do not translate into clinical practice or treatment guidelines."

Then the plan, and the number the whole page turns on. The Associate rank must be reached with 400 PSV in a single month and held with 180 PSV every month afterwards - and the company’s own price list assigns the flagship a point value of exactly 180. The maintenance gate is precisely one box, US$78.40 at the consultant price, US$941 a year. Read that against the license: at the licensed adult dose of one serving twice daily, a thirty-pouch box is fifteen days. One box a month is half a month’s supply for one adult, and every cost figure a prospect has been quoted on a one-pouch-a-day assumption doubles. Against those costs, the company’s 2023 US disclosure records 73.9% of active consultants at $0.00 and 96.7% averaging $226 a year or less.

And one contradiction sits at the center of the rules. Policies and Procedures §4.3(K): "Immunotec’s products and services may not be listed on eBay or other online auctions, nor may Independent Consultants sell on eBay, other online auctions, online classifieds (including Craigslist), online retail stores, online ecommerce sites (including Amazon)." The company itself runs an official Walmart Marketplace storefront and an official Amazon brand store carrying the same products. A consultant’s retail pitch therefore competes with a national retailer stocking the identical box, in a channel the consultant is contractually forbidden to enter. Hold both halves: it is good for the buyer, who can get the product with no relationship and no autoship, and it is bad for the consultant, whose retail leg it undercuts.

Where an $84.00 Preferred Customer order goes

US dollars. The company’s own preferred customer model - a Preferred Customer on autoship at 25% off retail. Cost of goods is inferred from the last audited gross margin (73.0%, fiscal 2016 Q4) and carries an error bar; the actual aggregate payout ratio is not disclosed, so the upline share is modeled at an effective 25–35% of commissionable volume against the plan’s "up to 47%" ceiling.

27% 7% 27% 8% 31%
Cost of goods - roughly $23 (27%)Retail profit to the consultant who found the customer - $5.60 (6.7%)Team commissions flowing up through eight generations - roughly $18–$26 (27%)Customer Volume Bonus, where the sponsor qualifies (8%)Company residual - operating cost, field incentives, profit (31.3%)
ProductPricePays
Immunocal - 30 pouches, whey protein isolate 9 g per serving, NPN 80004370
Point value exactly 180 - so one box is exactly the monthly maintenance gate. At the licensed adult dose of two servings daily it is fifteen days of product. Commissionable volume is $72.91, or 65.1% of retail; the plan’s theoretical maximum team commission on it is $34.27.
US$117.99 retail on the company’s own marketplace storefront; US$112.00 on the 2022 list; US$78.40 to a consultant
per box
30% retail margin, $33.60
Immunocal Platinum - 30 pouches
250 PV, commissionable volume $103.83. A registered Canadian trademark, which confirms the brand and says nothing about health-product licensing. We confirmed the Health Canada license for the flagship only.
US$166.99 retail; US$111.65 to a consultant
per box
30% retail margin, $47.85
Immunocal Sport - 30 servings, whey isolate with branched-chain amino acids
270 PV. The highest-priced single SKU in the range and the fastest route to the Venture-level 400 PSV gate in two units.
US$173.49 retail; US$119.00 to a consultant
per box
30% retail margin, $51.00
Immunocal Booster - Energy Performance, 30 sachets
150 PV. Combined with one 30 PV item it reaches the 180 PSV gate for about $71 - the cheapest single-purchase route to maintenance, and about $7 a month less than the flagship.
US$84.99 retail; US$64.88 at the 25% tier
per box
roughly $21.63
Omega Gen V - omega-3 fish oil 1,800 mg with CoQ10, 120 softgels
60 PV. A warehouse-club or supermarket own-brand fish oil covers the same objective for roughly $20–$40 a year rather than per bottle.
US$42.00 retail; US$27.13 to a consultant
per bottle
30% retail margin, $11.63
Multi + Resveratrol - 60 capsules
60 PV. Bought on top of the flagship rather than instead of it - a consultant taking the daily pack plus the flagship at licensed dose is past US$3,500 a year.
US$40.95 retail; US$26.43 to a consultant
per bottle
30% retail margin, $11.33
Magistral - saw palmetto extract
60 PV, commissionable volume $26.69. Prices across the whole range have moved only 2% to 8% in four years, which is worth saying: this is not a company that reprices aggressively.
US$44.00 retail; US$28.70 to a consultant
per bottle
30% retail margin, $12.30
Customer Health Pack - Immunocal (two boxes)
Two boxes - which is exactly the Health Canada licensed adult monthly dose. The company’s own pack architecture confirms the two-box reading of the label, and it is the honest monthly cost of taking this product as directed.
US$224.00 retail; US$168.00 to a Preferred Customer
monthly autoship
sponsor earns $11.20 at the 25% tier
Background check

Who runs it, and what they ran before

DG
Dr Gustavo Bounous
Originating researcher, McGill University, Montreal

A surgical researcher at a real research university whose work on cysteine-rich whey fractions begins in the 1960s, with the earliest papers in the company’s own bibliography running 1981–1985 in the Journal of Nutrition and the Journal of Infectious Diseases, co-authored with Dr Patricia Kongshavn. This matters more than it looks. The usual pattern in this sector is a company founded on a marketing idea with science back-filled afterwards; here the science came first by roughly fifteen years. It is the strongest single asset in the company’s story and it is checkable by anyone with a library card.

CR
Charles Roberts and Dieter Beer
Co-founders and shareholders of record, 1996–2017

Founded the company in 1996 and held it through its years as a TSX Venture Exchange reporting issuer under CEO Charles L. Orr, with Rod Budd as chairman at the time of sale. They backed the 2017 take-private, on the record, in order to "monetize their interests in the Company as part of their personal estate planning." That is an ordinary founder exit at a 22.8% premium to the prior close, not a distress delisting, and the difference is worth stating plainly. Beer is also a co-author on a 2004 paper in Anticancer Research.

MD
Mauricio Domenzain
Owner and Chief Executive since 2017

Acquired the company through Immuno Holding S.A. de C.V. at age 38, with the Mexican private-equity firm Nexxus Capital completing a US$30 million investment on 1 August 2017 through its Fund VI. Described in the trade press as having nearly twenty years in sales and a prior direct-selling career. We could not establish which companies, in what roles, or what became of them - the releases say only "an industry executive with experience in direct selling," and the searches we ran returned nothing further. That is a retrieval gap, not a finding of concealment, and it cuts both ways: nothing adverse was found either. But a prospective participant cannot check the current owner’s record, and neither could we.

Gn
Governance note
Nine dark years, and one unpriced integration

From fiscal 2017 onward there are no filed accounts, no management discussion and analysis and no segment reporting. Every revenue figure in circulation since is either a company statement or a trade estimate. Then, in November 2025, the group announced the integration of a large outside direct-selling network - described in the announcement as bringing more than a million members - with no price, no structure and no statement of whether it is an acquisition, an asset purchase or a field migration. Absorbing a large external field is also the classic occasion for a compensation-plan revision. None of that is wrongdoing. All of it is opacity, and opacity is what a participant is being asked to underwrite.

Registered address

Vaudreuil-Dorion, Québec, Canada
Note the entity split, because it decides who a participant is actually contracting with. The Health Canada license holder and Canadian operator is Immunotec Inc. of Vaudreuil-Dorion, Québec. The US-facing entity - the one carrying the Better Business Bureau file and the FTC notice mailing - is Immunotec Research Inc., addressed in Spring, Texas and trading in the United States since 1 January 1997. The public-facing brand is presented as a single global business across a stated eighteen countries. On finances: the company was a reporting issuer on the TSX Venture Exchange under the ticker IMM and filed audited accounts until 2017, and the last clean filed year on the record is fiscal 2016 at $109 million, up 28.6%, with fourth-quarter gross margin of 73.0% and fourth-quarter adjusted EBITDA of 2.9% of revenues. Since the take-private there have been no public financial statements at all - nine years with no audited revenue, no margin, no balance sheet and no consultant-count disclosure. A widely repeated figure of "+18% to $260M" for 2025 traces to a single direct-selling trade publication whose own page describes its series as "confirmed or estimated" without saying which years are which; it is a trade-publication estimate, not a company figure, and a company figure would not be audited either. We could not verify it. We are not saying it is false. In November 2025 the group announced the integration of a large outside direct-selling network with no transaction terms disclosed, eight months before this review - a material uncertainty in both directions.

Compensation plan

What has to be true for you to get paid

To coverYou need
Beat the free customer tier as a pure product user never in year one
consultant at $78.40 × 12 plus a $36 kit plus one extra box to qualify = $1,055.20, against $1,008.00 as a Preferred Customer - $47 worse off
Hold Associate for twelve months US$941–$1,299
400 PSV in month one, then 180 PSV × 11, plus the kit and before the undisclosed renewal fee
Cover a year of the Associate gate from commissions about 52× the Associate average
$941 of required volume against a published Associate average of $18 a year
Earn $4,044 a year from genuine retail ~17 boxes a month across 6+ customers
3,000 CSV at the 20% Customer Volume Bonus tier - about $16,930 of annual customer spend, and above the entire Silver band average of $1,406

Read this twice

Every input here is from the company’s own documents, and the cleanest finding is also the simplest. A Preferred Customer pays 25% below retail, pays no registration fee and carries no volume requirement: US$84.00 a box. A consultant pays 30% below retail, US$78.40, after buying a Welcome Kit, putting through 400 PSV in one month to reach Associate and 180 PSV every month thereafter. The entire economic value of becoming a consultant, if you are only a product user, is $5.60 a box - $67.20 across a year. Against a kit and a one-off qualification spike, that leaves the consultant $47 worse off in year one than a customer who never joined, and in year two the $67.20 saving is wiped out by any renewal fee above $67, an amount the company does not publish. Two honest caveats belong here and both cut for the company. The 180 PSV can genuinely be satisfied by a personally referred customer’s purchase rather than a self-purchase - the plan says so expressly, and that is a better rule than many in this category. And the gate itself is not absurd: one box a month is half of one adult’s licensed daily consumption, which is a volume requirement calibrated to real use rather than to inventory loading. The problem is not the size of the gate. It is that 73.9% of the people subject to it earned $0.00, and that the rank where 19.2% of the US field sits averages $226 against roughly $1,882 of required annual volume. Add the costs the disclosure does not net out - samples, shipping, events, and an incentive trip whose flight allowance caps at CAD$420 / USD$300 with any excess out of pocket - and the median position gets worse, not better.

Run your own numbers

Drag the sliders. Nothing here is stored or sent.

-
Cumulative net, after costs
Retained full-retail customers -
Commission that month -
Total commissions earned -
Total you paid in -
Net -

This slider is set at the best case the plan allows and should be read that way. Immunotec’s compensation plan states a retail markup of “5–30%,” and that is not a range of effort - it is a range of which tier the customer sits in. A full-retail customer pays $112.00 for a box of the flagship against the consultant’s $78.40 cost, so the consultant keeps $33.60, and that is the 30% modeled here. But the tier the company itself markets for autoship is the free Preferred Customer tier at 25% off, where the same box sells for $84.00 and the selling consultant keeps $5.60 - while $18 to $26 flows upward through eight generations to people who did not find the customer. On the company’s own preferred model, in other words, divide every figure on this slider by six. The unilevel is excluded because it pays on volume purchased rather than on verified resale to people outside the plan. The cost line is the maintenance gate rather than a fee: 180 personal sales volume a month is exactly one box at $78.40, plus the Welcome Kit spread across a first year, which is why year one runs $964 to $1,299 before any renewal fee - an amount the company does not disclose in any public document. For calibration, from the company’s own United States disclosure: 73.9% of active consultants earned $0.00, and 96.7% averaged $226 a year or less. Your own subscription cost of $91/mo is included.

Your money

What it costs to replace this yourself

All figures in US dollars at 2026 retail. The reference point is the flagship at the dose on its own license - one serving twice daily, so two boxes a month, US$235.98 a month and US$2,832 a year for one adult. Every comparator below is a real named product at a real posted price at a supermarket, a warehouse club, a pharmacy shelf or mainstream sports nutrition sold at retail. Read the caveat at the end before you use any of it: these are not identical products.

What they sell youWhat you'd use insteadYour cost
Flagship at licensed dose - $0.437 per gram of proteinKirkland Signature Whey Protein, 5.4 lb / 70 servings, $47.99 - $0.0274 per gram~$499/yr at 2 servings a day
Same, on a supermarket comparisonEquate Whey Protein Powder, 24 oz / 22 servings, $19.87 - $0.0376 per gram~$0.0376/g
Same, against premium isolate at retailDymatize ISO100 hydrolysed isolate, 5 lb, $94.97 - $0.050 per gram~$0.050/g
Same, against a mainstream online isolateMyprotein Impact Whey Isolate, 5.5 lb / 79 servings, $109.99 - $0.0605 per gram~$0.0605/g
Same, against the two priciest retail isolates checkedIsopure Zero Carb isolate at $0.0933/g and EHP Labs OxyWhey at $0.0833/gstill 4.7–5.2× cheaper
Cysteine delivery for glutathione synthesis - $2,832/yr at licensed doseNOW Foods NAC 600 mg with selenium and molybdenum, 250 capsules, $29.99 at label dose$87.57/yr
Multi + Resveratrol at $40.95 a bottleSupermarket own-brand daily multivitamin~$15–$30/yr
Omega Gen V at $42.00 a bottleSupermarket or warehouse-club own-brand fish oil~$20–$40/yr
Whatever the field says the product is forOne consultation with a licensed physician or registered dietitianpublicly funded in Canada
Total as sold
US$2,832 a year for the flagship alone at the licensed adult dose
Total, built yourself
US$587 a year across the verified replacement lines

Price-to-value

Roughly sixteen times the cost per gram of protein against a warehouse-club own-brand, and roughly thirty-two times the annual cost of the same nominal cysteine-delivery mechanism bought as N-acetylcysteine at a pharmacy. Those two ratios are the finding. Now the caveat, stated properly because leaving it out would be dishonest: these are not the same product. The flagship’s claim rests on undenatured processing preserving heat-labile cystine-rich fractions, and a commodity isolate does not deliver the material that was used in the published trials. If a clinician has specifically recommended a cysteine-rich whey isolate for cystic fibrosis, cancer cachexia or pre-surgical prehabilitation, this is the preparation that was studied and there is no generic substitute for it. That argument justifies the product to that patient. It does not justify $2,832 a year to a healthy adult buying it for general immune support - and note that the patient who does need it can buy it at a national retailer without joining anything at all.

Odds of profit

Three operators, five horizons

Probability of cumulative net profit

Hover any point for median, top decile and bottom quartile.

0% 25% 50% 75% 100%3 mo6 mo1 yr3 yr5 yr 3% 12% 20%
Product-first consultant - joins for the discount, one box a month, never qualifies past EntrepreneurPart-time builder - reaches Associate, works toward Venture, a handful of customersFull-time builder - 30+ hrs/wk, driving three qualified legs toward Silver and above

Product-first consultant

joins for the discount, one box a month, never qualifies past Entrepreneur

HorizonP(profit)Median
3 mo 1% −$270
6 mo 1% −$510
1 yr 2% −$980
3 yr 3% −$2,890
5 yr 3% −$4,780

Part-time builder

reaches Associate, works toward Venture, a handful of customers

HorizonP(profit)Median
3 mo 4% −$330
6 mo 6% −$525
1 yr 9% −$830
3 yr 11% −$4,100
5 yr 12% −$7,500

Full-time builder

30+ hrs/wk, driving three qualified legs toward Silver and above

HorizonP(profit)Median
3 mo 5% −$540
6 mo 8% −$700
1 yr 14% −$830
3 yr 18% −$2,800
5 yr 20% −$4,800

Methodology note. These are modeled outcome ranges, not claims and not predictions, and they are stated in US dollars. ANCHORED to the company’s own published income disclosure for calendar 2023: 73.9% of active US Independent Consultants at $0.00; Associate at 3.6% of the field averaging $18 a year; Venture at 19.2% averaging $226; Silver at 2.3% averaging $1,406; Diamond averaging $39,541 with under 1% of the field holding the rank; and 277 of 30,081 stated-active consultants - 0.92% - qualifying for the incentive trip. ANCHORED also to the published cost side: the 400 PSV single-month qualification, the 180 PSV Associate gate at US$78.40, the 400 PSV Venture gate at roughly US$156.80 a month, the 600 PSV Silver gate at US$160–$200 a month through the cheapest pack route, the $200 Silver Moving Up Bonus and the $400 accelerated bonus for reaching Silver within two months. MODELED by us: the share of each cohort in cumulative profit; the cohort definitions, which the company does not segment; and the expense side beyond product, because samples, shipping, travel, events and the mandatory annual renewal fee are not published as figures. Two framing notes that matter. First, every dollar spent on product is counted here as a cost with no credit for product consumed - which understates the position of someone who genuinely wanted the product anyway, and that person should read the separate comparison instead: against the free Preferred Customer tier, the consultant position is worth $5.60 a box and leaves them $47 worse off in year one. Second, the renewal fee is excluded from every row because its amount is not disclosed, so every figure above is optimistic by that unknown amount.

Go-to-market

Where you are actually allowed to promote this

Platform policy reads, not verifications. Check every one before you spend a dollar - enforcement changes faster than the written policy does.

Channel
Status
Notes
Amazon, eBay, online classifieds and "online retail stores"
PROHIBITED FOR CONSULTANTS - WHILE THE COMPANY SELLS THERE ITSELF
Policies and Procedures §4.3(K): "Immunotec’s products and services may not be listed on eBay or other online auctions, nor may Independent Consultants sell on eBay, other online auctions, online classifieds (including Craigslist), online retail stores, online ecommerce sites (including Amazon)." The company runs an official Walmart Marketplace storefront and an official Amazon brand store carrying the same products - the flagship at $117.99 against a consultant cost of $78.40. The field is barred by name from the two channels the company itself uses, and a consultant’s retail pitch is one search away from a national retailer stocking the identical box.
Selling from a commercial outlet
PROHIBITED
§4.8 bars consultants from selling the products from a commercial outlet of any kind. Combined with the marketplace ban, the only permitted transaction route is the company-hosted replicated website, which means the company holds the payment relationship on every sale a consultant makes.
Using the brand name in your own identifiers
PROHIBITED
§4.2(B): consultants "may not use the name Immunotec in any form in your team name, a tagline, an external website name, your personal website address or extension, in an e-mail address, as a personal name, or as a nickname." You cannot build a domain, a mailing list identity or search equity you could ever own or sell.
Self-created marketing materials
APPROVED TOOLS ONLY
§4.2: consultants "may only advertise or promote their Immunotec business using approved tools, templates or images uploaded in their back office." For a company whose field has been documented making health claims well outside the license, this is a defensible rule - but it also means the participant owns no marketing asset at the end.
Social media
PERMITTED, BUT MAY NOT TRANSACT
§4.3(P) requires profiles to "clearly identify the Independent Consultant as a ‘Immunotec Independent Consultant’" and states: "No product sales or enrollments may occur on any social media site. To generate sales, a social media site must link only to your Immunotec Replicated Website." Social is a referral channel; the transaction and the customer record both stay with the company.
Television and radio
REQUIRES PRIOR CONSENT
§4.2(G) bars advertising the business opportunity or the products on television and radio without prior consent. A permission regime rather than a ban, which is milder than the blanket prohibitions elsewhere in the same document.
Income claims of any kind
BANNED OUTRIGHT - INCLUDING YOUR OWN CHECKS
§4.6(D): a consultant "may not make income projections or income claims or disclose his or her Immunotec income (including the showing of checks, bonus reports, copies of checks or bank statements)." A ban that reaches the screenshot of your own commission statement is stricter than the sector norm and is exactly what regulators ask for. Whether it is enforced is a separate question - the 2022 self-regulatory case found the company’s own website carrying "rewards you with immediate and long-term income," which the company then deleted.
The income disclosure
MANDATORY HANDOVER TO EVERY PROSPECT
§4.6(E): "a copy of the Immunotec Income Disclosure Statement (IDS) must be presented to all prospective Independent Consultants." Not linked, not available on request - presented. Very few companies graded on this site impose that obligation on the recruiter, and it is a real credit even though the document it mandates is the worst news on this page.
Territories
NO RESTRICTIONS
§6.2 states there are no territory restrictions. A small, genuine freedom, and it is paired with the absence of any general non-compete - the post-termination restriction here is a non-solicitation, which is a materially milder instrument.
The evidence

Red flags and green flags

Red flags

15
173.9% of active US consultants earned $0.00 in 2023
And 96.7% averaged $226 a year or less - the Entrepreneur rank at 73.9% on nothing, Associate at 3.6% averaging $18, Venture at 19.2% averaging $226. This is the company’s own published income disclosure, not an estimate and not a critic’s model.
2The Venture rank, where 19.2% of the US field sits, averages a net loss of about $1,650 a year
$226 of average annual commission against a 400 PSV monthly requirement costing roughly $1,882 at consultant pricing. Every input is from the company’s own documents, and it is the single most damning piece of arithmetic in the file.
3The consultant position is worth less than the free customer tier
A Preferred Customer pays 25% below retail with no registration fee and no volume requirement. A consultant pays 30% below retail after a kit, a 400 PSV qualification month and 180 PSV every month afterwards. The whole advantage is $5.60 a box, $67.20 a year - leaving the year-one consultant $47 worse off than a customer who never joined.
4A hard recurring purchase gate denominated in exactly one box of the flagship
The company’s own price list assigns the flagship a point value of precisely 180, and the Associate maintenance requirement is 180 PSV. US$78.40 a month, US$941 a year, to hold a rank whose published average earnings are $18 a year.
5The licensed dose is two servings a day, so a 30-pouch box is fifteen days
Health Canada NPN 80004370 specifies one serving twice daily for adults. Every cost figure a prospect has been quoted on a one-pouch-a-day basis therefore doubles: US$235.98 a month and US$2,832 a year at retail for one adult. The company’s own two-box customer pack confirms the reading.
6Sixteen times the cost per gram of protein, and thirty-two times the cost of the same mechanism at a pharmacy
$0.437 per gram against $0.0274 for a warehouse-club own-brand whey. And $2,832 a year at the licensed dose against $87.57 a year for N-acetylcysteine at label dose. The products are not identical and the report says so - but the ratios are the ratios.
7Consultants are banned by name from Amazon and eBay while the company runs storefronts on mainstream marketplaces
Policies and Procedures §4.3(K) against an official Walmart Marketplace store and an official Amazon brand store. The retail leg of the plan competes with a national retailer carrying the identical SKU, in a channel the field may not enter.
8"Immunotec pays no compensation for enrolling new Consultants" is true only on a technicality
The Business Builder Bonus pays a percentage of volume, not a headcount fee - but the percentage is set by headcount: 5% for one enrollee in the month, 10% for two, 20% for three. Four times the money for identical product volume, purely because you recruited three people instead of one.
9Accelerated rank bonuses stack deadlines onto recruiting
$400 for Silver within two months, $1,000 for Gold within four, $5,000 for Diamond within eight, $20,000 for Executive Diamond within twelve and $100,000 for Platinum within twenty-four. Two to ten times the base bonus, conditional purely on speed - the structure that produces inventory purchases and pressure on friends and family.
10The field has been documented promoting the product for cancer, pneumonia, infertility, autism and viruses
A self-regulatory monitoring inquiry closed in January 2022 identified three social-media posts conveying an unsupported message that the products were effective against those conditions. Stage-label it: self-regulatory, industry-funded, not a government action, closed with the material voluntarily removed and no referral. The severity of the claim categories is what matters - none of them is on the license.
11Nine years with no audited financials, and the widely quoted revenue figure is a trade estimate
The last filed year is $109 million for fiscal 2016. The "+18% to $260M" that circulates for 2025 comes from a trade publication whose own page describes its figures as "confirmed or estimated" without distinguishing. We could not verify it. That is not the same as saying it is false.
12A mandatory annual renewal fee whose amount appears in no company document
§3.4 creates the obligation. The Policies and Procedures, the compensation plan booklet, both price lists and the incentive FAQ are all silent on the amount. Miss it and the account runs through a grace period into six months of inactivation and then compression - which absorbs your organization upward.
13A twelve-month worldwide non-solicit that reaches your customers, not just your downline
§4.11(B) bars a departing consultant from recruiting any Immunotec consultant or Customer to another network marketing business for twelve months, "nationwide throughout the United States and to all international markets." You leave with no customer list you may lawfully approach.
14The buy-back exists but its terms are stated nowhere
§3.2 obliges the company to repurchase resalable kits from a terminating distributor. The percentage, the time limit and any restocking fee sit in sections that did not resolve to figures in the published text. In a sector where a stated buy-back percentage and window is close to a baseline expectation, that silence is itself a finding.
15No income disclosure could be located for the company’s largest market
The disclosure exists, annually, in the United States and Canada. We searched in Spanish for a Mexican equivalent and searched the same content-delivery network paths that host the Mexican price list and compensation booklet, and found none. The content network is not indexable, so this is weak evidence - but the disclosure appears where regulators most expect it and not where the field is largest.

Green flags

10
1The science is real, old and genuinely peer-reviewed
Forty-five years of publication originating in surgical research at McGill University, including randomised controlled trials in the Journal of Applied Physiology, the Journal of Cystic Fibrosis, Antioxidants & Redox Signaling and Frontiers in Psychiatry, plus prehabilitation trials in JAMA Surgery and Anesthesiology. The company’s bibliography runs to 116 items with 19 human RCTs and carries its own honest self-limiting disclaimer. Almost nothing else in this sector can make this claim.
2A real Health Canada product license with public, pre-vetted claims
Natural Product Number 80004370. Anyone can look up the license holder, the medicinal ingredient at 9.0 grams a serving, the permitted claim wording, the recommended dose and the mandated cautions on a government database. That is materially stronger than a structure-and-function disclaimer, and it is checkable in a minute.
3The product sells to strangers at retail with no income offer attached
Official storefronts on mainstream retail marketplaces carry at least eight of the SKUs at posted prices. That is the cleanest available answer to the question of whether anyone would buy this absent the opportunity - the company is demonstrating that they do. Prices across the range have risen only 2% to 8% in four years.
4An income disclosure that exists, is annual, is public and must be handed to every prospect
Published in two markets on the company’s own content network, with a third year independently archived by a watchdog, and made mandatory in the recruiting conversation by §4.6(E). The numbers in it are the worst news on this page. Publishing them, and requiring the recruiter to produce them, is a real credit.
5A blanket written ban on income claims, including showing your own checks
§4.6(D) prohibits income projections, income claims and any disclosure of a consultant’s own earnings, naming checks, bonus reports and bank statements. Stricter than the sector norm, and precisely the provision regulators ask for.
6Customer volume can satisfy the qualification gate - the plan says so expressly
Personal Sales Volume is defined to include "the purchases made by Customers personally referred by a Consultant," and the plan states that consultants can meet the requirement through personally enrolled customer purchases. A structural difference from plans that require personal consumption to stay commission-eligible, and it deserves credit even though the field data suggest the permission is not much used.
7The Customer Volume Bonus pays more for more distinct customers, up to 20%
5% of commissionable volume at 1,000 CSV with two or more customers, 10% at 2,000 with four, 20% at 3,000 with six. Real thresholds with a real ladder - a consultant at the top tier is running a genuine retail book, not a token customer requirement written to satisfy a regulator.
8A near-empty regulatory file across two countries and thirty years
No Competition Bureau matter under Canada’s explicit pyramid-selling provisions. No Health Canada compliance action, recall or advertising complaint. No FDA warning letter. No FTC enforcement. No state attorney-general action. No class action. Three Better Business Bureau complaints in three years, all billing-related, all refunded. For a supplement company selling immune-adjacent products in the US since 1997, that is a substantive finding in its favor.
9State-specific compliance carve-outs written into the policies
The Welcome Kit purchase requirement in §3.2 is expressly disapplied for North Dakota residents, whose law restricts mandatory purchases as a condition of becoming a distributor. Small, but it is the signature of a legal department that reads the direct-selling statutes rather than one that hopes.
10No general non-compete, and no territory restrictions
The post-termination restraint is framed as a non-solicitation rather than a non-compete, which is a materially milder instrument, and §6.2 imposes no territories. Both are worth having and neither is universal in this category.
What would move this grade

We would like to be wrong about this

Upward

  • Publication of audited or independently verified accounts for any year since 2017 - the single largest unknown in the file - together with the annual renewal fee amount and the buy-back percentage and window, none of which appears in any published company document today.
  • An income disclosure that publishes a median alongside the average, an expense line, a defined meaning for "active," and a reconciliation of the 324,654 and 30,081 active-consultant counts in successive editions; plus an equivalent disclosure for the company’s largest market, where none could be located.
  • Resolving the channel contradiction in either direction - permitting consultants onto the marketplaces or withdrawing the company’s own storefronts - and a large, independently funded randomised trial in a general healthy adult population with a hard clinical endpoint.

Downward

  • Any government enforcement action at all, in any jurisdiction - a Competition Bureau inquiry, a Health Canada advertising or compliance action, an FDA warning letter or an FTC matter. The file is currently empty, and a single item would cost more here than it would at a company with a history.
  • A second self-regulatory case, particularly one referred to the FTC or a state attorney general rather than closed voluntarily, or a fresh crop of field claims in the same categories the 2022 inquiry identified.
  • A compensation-plan revision following the November 2025 field integration that raises the volume gates or adds pay-to-play rank requirements, or a worsening disclosure - the 2021 to 2023 US trend was mildly improving, from 75.2% at zero to 73.9%.
The better trade

Grade is C. A licensed product with forty-five years of real literature and its own retail shelf, attached to a disclosure showing 73.9% of the active US field earning nothing.

Start with what is genuinely good, because it is more than most companies in this category can show. The flagship holds Health Canada Natural Product Number 80004370 - a public, checkable license naming the ingredient, the dose, the permitted claim wording and the mandated cautions. Behind it is a peer-reviewed literature going back forty-five years to surgical research at McGill University, running to 116 publications with 19 human randomised controlled trials in real journals. And the demand question answers itself: the company sells these products to strangers through its own storefronts on mainstream retail marketplaces, at posted prices, with no income offer attached. The regulatory file is close to empty across two countries and thirty years - no Competition Bureau matter, no Health Canada action, no FDA warning letter, no FTC enforcement, no class action. The written rules ban income claims outright and require the income disclosure to be handed to every prospect. All of that is real and none of it should be hedged.

Now read the license and the literature for what they actually say, because this is where prospects are misled and the misleading is usually done by the field rather than by the company. A Natural Product Number is a license to sell a natural health product with a defined set of permitted claims. It is not a drug approval, it is not a clinical endorsement, and it is not a warrant for anything a consultant says - several of the permitted phrases here are generic protein-monograph claims a supermarket own-brand could carry. The trials are real and they are narrow: 21 patients with cystic fibrosis, 66 with lung-cancer cachexia, 67 analyzed adults over 65, 18 young adults on peak power. They do not establish a general immune benefit for a healthy person, twenty of the studies test a whole multimodal prehabilitation program rather than the supplement alone, and the company’s own bibliography says research articles do not translate into clinical practice. Then read the licensed dose: one serving twice daily, so a thirty-pouch box is fifteen days and every quoted cost doubles - US$2,832 a year at retail for one adult, against $0.0274 a gram for warehouse-club whey and $87.57 a year for the same nominal cysteine mechanism at a pharmacy counter.

The plan is where it lands. The Associate gate is 180 PSV a month and the flagship is worth exactly 180 points, so the requirement is precisely one box - US$78.40, US$941 a year - and it can, to the company’s credit, be met by a single referred customer’s purchase instead. Then the disclosure: 73.9% of active US consultants earned $0.00 in 2023, 96.7% averaged $226 a year or less, and the Venture rank where 19.2% of the field sits averages $226 against roughly $1,882 of required annual volume. Two hundred and seventy-seven consultants out of 30,081 stated as active - 0.92% - qualified for the incentive trip. For a pure product user the consultant position is worth $5.60 a box and leaves them $47 worse off in year one than the free customer tier. And the contract keeps the customer: sales run only through the company’s replicated site, a twelve-month worldwide non-solicit reaches customers as well as consultants, a renewal fee whose amount is published nowhere can cost you your organization through compression, and the buy-back terms are not stated at all. The product is defensible. The participant economics are not, and the company publishes the numbers that prove it.

1

If you want the product, be a customer - or just buy it at retail

The free Preferred Customer tier is 25% below retail with no registration fee and no volume requirement, and the consultant tier beats it by $5.60 a box, which does not pay back the kit or a qualification month in year one. And anyone at all can buy the same box from the company’s own storefront on a mainstream marketplace with no relationship, no autoship and no obligations. If the product is what you want, none of the rest of this is required.

2

Read the dose on the license before you read any price

Health Canada NPN 80004370 specifies one serving twice daily for adults, and a box holds thirty pouches. That makes a box fifteen days, not a month, and it doubles every cost figure you have been quoted - to about US$235.98 a month for one adult. The company’s own two-box customer pack is priced exactly to the licensed monthly dose. Ask your sponsor which dose their cost example assumed; the answer tells you a great deal.

3

Do the $226-against-$1,882 sum before you sign anything

Both numbers are the company’s own: an average of $226 a year at the rank where 19.2% of the US field sits, against a 400 PSV monthly requirement costing roughly $1,882 at consultant pricing. Ask yourself what specific, written reason you have to believe you are not in the 96.7% who average $226 or less. If your plan is six paying customers on autoship, price it out - six boxes a month returns about $630 a year gross, and 17 boxes a month across six-plus customers returns about $4,044.

4

If it is really the mechanism you want, price the mechanism

The claim rests on cysteine delivery for glutathione synthesis. N-acetylcysteine at label dose from an ordinary pharmacy shelf costs about $87.57 a year against $2,832 for the flagship at licensed dose, and warehouse-club whey runs $0.0274 a gram against $0.437. The honest counter-argument is that these are not the same preparation and a commodity isolate is not the material that was studied - which is exactly why the person to ask is a licensed physician or a registered dietitian, not a sponsor. In Canada that consultation is publicly funded.

The monthly volume gate is exactly one box, and at the dose on the company’s own Health Canada license one box is fifteen days.
Scorecard

Nine dimensions, weighted

Comp structure & KoscotDoes the plan pay for recruitment or for sales to real customers?
20%
6.0
Credit first, because it is real and it is unusual. The plan is volume-based, and its own definition of Personal Sales Volume expressly counts "the purchases made by Customers personally referred by a Consultant" - the plan states that a consultant can meet the requirement through personally enrolled customer purchases without buying anything themselves. That is a materially better rule than plans that demand personal consumption to stay commission-eligible. Alongside it sits a Customer Volume Bonus that pays 5% of commissionable volume at 1,000 CSV with two or more customers, 10% at 2,000 with four, and 20% at 3,000 with six - a genuine multi-customer incentive with meaningful thresholds, not a token. Against that, the Business Builder Bonus quadruples its own rate on headcount: enrol one person who spends $500 and you are paid 5%; enrol three who each spend $167, identical volume, and you are paid 20%. Four times the money for the same dollars of product, purely because you recruited three people instead of one. And the accelerated rank bonuses stack deadlines onto recruiting - $400 for Silver within two months, $5,000 for Diamond within eight, $100,000 for Platinum within twenty-four. Depth is also rank-bought: at Associate the accessible team commission is G1 to G4 at 5% each, and the headline "up to 47%" belongs to ranks fewer than 1% of the field reach.
Securities exposureAny passive return on capital? Howey, staking, tokens, withdrawal friction.
15%
10.0
The participant buys a kit and buys product. No capital is taken against any promised return. There is no investment contract, no passive-yield offer, no token, no staking, no revenue-share unit and no withdrawal friction anywhere in the file. Be explicit about what does not move this number: the private-equity ownership does not, the former TSX Venture Exchange listing does not, and the delisting does not - the Nexxus Capital money went to the company and to selling shareholders, not from consultants, and consultants buy protein powder, not securities. A 10 here is a narrow finding about one specific risk and it is not a verdict on the offer overall; the rest of this page is where the offer is judged.
Ownership & track recordWho runs it, what did they run before, and what happened to it.
15%
6.5
The historical record is genuinely good and better than the category norm. A research origin at McGill University with published work from the 1960s onward. Years as an audited reporting issuer on the TSX Venture Exchange, filing accounts that can still be checked, ending in a negotiated take-private at a 22.8% premium with 60.28% insider support - an ordinary founder exit, not a distress delisting. Against that: nine years with no published financials of any kind since 2017, so the largest number a prospect will be quoted cannot be tested against anything; an owner whose pre-2017 track record we could not establish at all in any reachable public source, in either direction; and a large field integration announced in November 2025 with no terms disclosed. That is not a bad-actor profile. It is an unverifiable one, and the score sits in the upper-middle for exactly that reason.
Product reality & demandWould a rational buyer purchase this if no income offer existed?
12%
7.5
This is the strongest number on the page and it is earned. The flagship holds Health Canada Natural Product Number 80004370, licensed in 2007 and revised in 2022, with the medicinal ingredient, the dose, the permitted claim wording and the mandated warnings all on a public government register anyone can look up. Behind it is a genuine forty-five-year peer-reviewed literature: the company’s bibliography runs to 116 publications including 19 human randomised controlled trials, in the Journal of Applied Physiology, the Journal of Cystic Fibrosis, Antioxidants & Redox Signaling, Frontiers in Psychiatry, Anesthesiology and JAMA Surgery. State what it does show and what it does not. It shows improved glutathione status in a 21-patient cystic-fibrosis trial, reversal of weight loss in a 66-patient lung-cancer cachexia trial, roughly 10% additional strength versus casein in 67 analyzed adults aged 65 to 88, and 13.5% peak power in 18 young adults. It does not establish a general immune benefit for a healthy adult: every human trial is in a specific clinical population or a small performance cohort, the median sample is around 33, twenty of the studies test a whole multimodal prehabilitation program rather than the supplement in isolation, and the company’s own bibliography says "research articles do not translate into clinical practice or treatment guidelines." And the fact that settles the demand question: the company sells these products to strangers through its own official storefronts on mainstream retail marketplaces, with no income offer attached whatsoever. People buy this without being recruited.
Participant economicsReal cost in, realistic money out, and whether they publish the numbers.
10%
2.5
The company’s own income disclosure for calendar 2023 states that 73.9% of active US Independent Consultants earned $0.00, that Associate Consultants at 3.6% of the field averaged $18 for the year, and that Venture Consultants at 19.2% averaged $226 - so 96.7% of the field averaged $226 a year or less. Set that against a personal-volume gate costing US$941 a year at Associate and US$1,882 a year at Venture, and the arithmetic is not close: the rank where nearly a fifth of the field sits is, on the company’s own numbers, an average net loss of roughly $1,650 a year before the kit, the renewal fee, samples, travel or events. That is a structurally guaranteed loss for very nearly the whole field. It is rescued off the floor by one thing and one thing only: they publish it. The disclosure is annual, it is hosted publicly in two markets, and the Policies and Procedures make handing it to every prospect mandatory. Most of this sector does neither. Both halves are true and both belong in the same sentence.
Price-to-valueWhat the same capability costs on the open market.
8%
2.5
Two ratios carry this. On protein: the flagship works out at US$0.437 per gram of protein against US$0.0274 per gram for a warehouse-club own-brand whey - roughly sixteen times - and about US$0.0376 for a supermarket own-brand whose own label names whey protein isolate as its first ingredient, roughly twelve times. On the mechanism: at the licensed adult dose of two servings daily the flagship costs about US$2,832 a year, against US$87.57 a year for N-acetylcysteine at label dose from an ordinary pharmacy shelf - the same nominal cysteine-delivery route to glutathione synthesis, roughly thirty-two times. Both comparisons carry the same honest caveat: these are not identical products. The flagship’s claim rests on undenatured processing preserving heat-labile cystine-rich fractions, and a commodity isolate does not get you the material that was actually studied. Two things pull the other way and are worth stating - prices have risen only 2% to 8% across four years, which is not an aggressive repricer, and a patient with a clinician’s specific recommendation is in a different position entirely. Neither justifies $2,832 a year for a healthy adult buying it to support their immune system, which is who the opportunity recruits.
Payout sustainabilityCan the company fund the plan out of margin, or only out of inflow?
8%
7.0
Say the structural strength first, because it is genuine and it is not universal in this sector: the commissions are funded out of a real gross margin on a physical good - 73.0% at the last audited measurement, on raw material bought from a mainstream global dairy-ingredients supplier under a named contract - and not out of the inflow of new recruits. The business has run for thirty years on that basis without insolvency or receivership. The deduction is precise rather than atmospheric. That same last audited year shows adjusted EBITDA at 2.9% of revenues, which means the rich gross margin is almost entirely consumed by field compensation plus operating cost, leaving no cushion at all if volume falls. A plan funded at 2.9% has no room to raise payout and very little room to absorb a bad year. That figure is also nine years old, and nothing has been published since to replace it.
Marketing conductIncome claims, regulator run-ins, hype, deadline stacking.
7%
5.0
The credit comes first and it is substantial. The Policies and Procedures carry a blanket written ban on income claims - §4.6(D) prohibits income projections, income claims and disclosure of a consultant’s own earnings "including the showing of checks, bonus reports, copies of checks or bank statements" - and §4.6(E) requires that a copy of the Income Disclosure Statement "must be presented to all prospective Independent Consultants." A mandatory handover of the disclosure to every prospect is rare in this sector and it counts. And there is no government enforcement action anywhere on this file, in any jurisdiction: no Competition Bureau matter, no Health Canada compliance action, no FDA warning letter, no FTC proceeding, no state attorney general. The deduction is a single closed self-regulatory case from January 2022 in which three field posts on social media were found to convey an unsupported message that the products were effective against cancer, pneumonia, infertility, autism and viruses, alongside two earnings phrases on the company’s own website. Stage-label it: self-regulatory, run by an industry-funded body, not government, closed with the material voluntarily removed and no referral to the FTC or any attorney general. It is the severity of those claim categories - not the existence of one closed case - that carries the deduction, because they are exactly the conditions the weakest studies in a 116-item bibliography touch, in the hands of a lay salesforce.
Operator terms & exitWho owns the customer, what you forfeit, how hard it is to leave.
5%
4.0
The company owns the customer, and the contract says so from several directions at once. Sales may occur only through the company’s replicated website; the company bills, ships and holds the autoship mandate on the card. On departure, §4.11(B) imposes a twelve-month non-solicitation that reaches not only downline consultants but Customers, and applies "nationwide throughout the United States and to all international markets" - so a departing consultant leaves with no customer list they may lawfully approach for a year. Renewal is mandatory on the anniversary date under §3.4, the amount is not stated in any published company document, and a lapse runs through a grace period into six months of inactivation and then compression, which absorbs the organization upward. And the buy-back terms are not stated anywhere: the obligation to repurchase resalable kits exists in §3.2, but the percentage, the time limit and any restocking fee did not resolve in the published text - in a sector where a stated buy-back percentage and window is close to a baseline expectation. Two real credits: there is no general non-compete, only a non-solicitation, and there are no territory restrictions.
Weighted composite
6.13
C

Dimension profile

Further from center is better. Hover any point.

Comp structure& Koscot 6.0 Securitiesexposure 10.0 Ownership &track record 6.5 Product reality& demand 7.5 Participanteconomics 2.5 Price-to-value 2.5 Payoutsustainability 7.0 Marketingconduct 5.0 Operator terms& exit 4.0

Hard caps that bind here

Non-binding ceiling at C+ this file would justify a ceiling no higher than C+ on one ground: a recurring monthly purchase requirement as a condition of commission eligibility, sitting alongside a published disclosure in which the majority of the active field earns nothing. State plainly that the ceiling does not bind. The nine weighted dimension scores already land at 6.13, which is inside the C band and below any cap this record would support, so the grade here is set by the arithmetic and by nothing else. It is worth being equally explicit about what this ceiling does not rest on, so no reader infers a charge that was never made: it does not rest on any government enforcement action, because there is none anywhere in the file; it does not rest on any finding that the company is a pyramid scheme, because no regulator or court has made one; and it does not rest on the product, which carries a real national license and a real literature. For a cap to bite here, something would have to appear that is currently absent - a government action, a second self-regulatory case, or a plan revision raising the volume gates.

The lowest binding cap wins, regardless of the weighted arithmetic.

Sources consulted

What we read

Every source below links to the document itself. Tier 1 is a primary record - the company’s own plan, policy or disclosure, a court filing, a regulator’s decision or an SEC filing. Tier 2 is a self-regulatory or secondary regulator record, tier 3 reporting or academic work, tier 4 an open-market price comparison. Where a document can be moved or withdrawn, an archived copy is linked beside it. If a link is dead when you try it, that is a correction we want.

  1. Immunotec US Income Disclosure Statement 2024, covering 1 January – 31 December 2023 (PDF on the company's own CDN) - Entrepreneur 73.9% at $0; Associate 3.6% averaging $18; Venture 19.2% averaging $226; Silver 2.3% averaging $1,406; every rank above Silver under 1%; 277 of 30,081 active consultants qualifying for the 2023 incentive trip
    Income disclosureTier 1Immunotec Research Inc. · 2023archived copy

    Immunotec US Income Disclosure Statement 2024, covering calendar 2023, on the company’s own content network - 73.9% of active US consultants at $0.00; Associate 3.6% averaging $18; Venture 19.2% averaging $226; Silver 2.3% averaging $1,406; every rank above Silver under 1%; and the footnote recording 277 of 30,081 active consultants qualifying for the 2023 incentive trip

  2. Immunotec US Income Disclosure Statement 2026, covering calendar 2025 (PDF on the company's own CDN) - the current edition: 73.3% at $0, Associate 4.4%, Venture 19%, Silver 2.3%, and 188 of 29,340 active consultants qualifying for the XPLORA trip
    Income disclosureTier 1Immunotec Research Inc. · 2025archived copy
  3. Immunotec Canada Income Disclosure Statement 2024, covering calendar 2023 (PDF on the company's own CDN) - 4,577 active Canadian consultants, 57.7% at C$0, Venture 29.2% averaging C$354, Silver 3.4% averaging C$2,555, and the Platinum row published with no figures
    Income disclosureTier 1Immunotec Inc. · 2023archived copy

    Immunotec Canada Income Disclosure Statement 2024, covering calendar 2023 - 4,577 active Canadian consultants, 57.7% at C$0, Venture 29.2% averaging C$354, Silver 3.4% averaging C$2,555, and a Platinum row published with no figures at all; plus the 2022 US edition covering calendar 2021, archived by a watchdog nonprofit, stating 324,654 active US consultants

  4. Immunotec US Income Disclosure Statement 2022, covering calendar 2021 (PDF archived by a consumer-advocacy nonprofit) - 75.2% at $0 and the 324,654 active-US-consultant denominator
    Income disclosureTier 3Immunotec Research Inc. (copy posted by Truth in Advertising, Inc.) · 2021archived copy
  5. Immunotec Policies and Procedures, November 2020 (PDF on the company's own CDN) - §3.1 requirements to become a Consultant, §3.2 Welcome Kit requirement with the North Dakota carve-out and kit repurchase, §4.2 advertising and advertised-price restrictions, §4.3 online conduct and replicated-website rule
    Policies & proceduresTier 1Immunotec Research Inc. · 2020-11archived copy

    Immunotec Policies and Procedures, November 2020 - §3.2 Welcome Kit requirement and North Dakota carve-out and kit repurchase, §3.4 mandatory annual renewal and inactivation, §4.2 approved-materials and brand-name restrictions, §4.3(K) marketplace prohibition, §4.3(P) social media, §4.6(D) income-claim ban and autoship, §4.6(E) mandatory income-disclosure handover, §4.8 commercial outlets, §4.11(B) twelve-month worldwide non-solicitation, §6.2 no territories

  6. Immunotec Policies and Procedures, current US edition (PDF on the company's own CDN, linked from the immunotec.com Legal page) - §8.1 product orders, §8.2 product guarantee and refunds including return of inventory on cancellation, and the successor advertised-price clause
    Policies & proceduresTier 1Immunotec Research Inc.archived copy
  7. Immunotec Independent Consultant Application and Agreement - Terms and Conditions, US edition (PDF) - twelve-month term and annual administrative fee, the 70% rule, one-year re-application bar on termination, 90% buy-back of unopened inventory purchased within the prior year, and Quebec governing law
    Policies & proceduresTier 1Immunotec Research Inc.archived copy
  8. Immunotec Terms of Sale, US edition (PDF) - the buy-back and return schedule: 30-day 100% money-back guarantee, 90% less shipping for resalable goods up to 12 months, and 90% of net cost on cancellation less bonuses paid
    Policies & proceduresTier 1Immunotec Research Inc.archived copy
  9. Immunotec Official Compensation Plan, US edition (PDF on the company's own CDN) - generational payout table, Customer Volume Bonus, Business Builder Bonus, Moving Up and Accelerated bonuses, and the Senior Platinum 7 Bonus Pool at up to 0.5% of company Total Commissionable Volume
    Compensation planTier 1Immunotec Research Inc.archived copy

    Immunotec official US Compensation Plan and Compensation Plan Booklet - the 180 PSV Associate maintenance and 400 PSV achievement requirements, the G1–G8 generational table and the "up to 47%" headline, the Customer Volume Bonus bands, the Business Builder Bonus at 5/10/20% by monthly enrollments, the Moving Up and Accelerated bonuses to $100,000, and the definition of PSV including personally referred customer purchases

  10. Immunotec Compensation Plan Booklet, "LEVERAGE!" (PDF on the company's own CDN) - the 180 PSV Associate maintenance and 400 PSV achievement requirements, the definition of PSV as including personally referred customer purchases, payout compression, and the glossary of PGV / TOV / Qualified Venture
    Compensation planTier 1Immunotec Research Inc.archived copy
  11. Health Canada Licensed Natural Health Products Database - NPN 80004370, brand names Immunocal and HMS-90, license holder Immunotec Inc., market status Marketed, license status Active
    RegulatorTier 1Health Canadaarchived copy

    Health Canada Licensed Natural Health Products Database, NPN 80004370 - product names Immunocal and HMS-90, license holder Immunotec Inc., licensed 31 October 2007 and revised 19 October 2022, whey protein isolate 9.0 grams, the verbatim recommended-use claim set, and the adult dose of one serving twice daily

  12. Health Canada - Licensed Natural Health Products Database (LNHPD) landing page, describing the recommended-use claim set and license-holder fields published for each licensed product
    RegulatorTier 1Health Canadaarchived copy
  13. Immunotec US Customer Price List, April 2025 (PDF on the company's own CDN) - retail, 10% and 25% columns across the SKU range, and the Customer Health Pack – Immunocal at US$224.00 retail / US$168.00 at 25%
    Company documentTier 1Immunotec Research Inc. · 2025-04archived copy

    Immunotec US and Canadian price lists and customer price lists - the flagship at 180 PV, US$112.00 retail and US$78.40 to a consultant, C$114.25 and C$79.98 in Canada, commissionable volume uniformly 65.1% of retail across 17 SKUs, the two-box Customer Health Pack at US$224.00, and the Canadian Welcome Kit at C$46.00

    Not established by this document: The Canadian price list and Canadian customer price list (C$114.25 retail / C$79.98 consultant on the flagship, C$46.00 Welcome Kit) sit at dated cdn.immunotec.com promo paths that rotate monthly and did not surface in search; only the April 2025 US customer list resolved. The uniform 65.1%-of-retail commissionable-volume ratio across 17 SKUs is a computation over that list rather than a published figure.

  14. "Scientific and Medical Publications Featuring Immunocal®", edited and compiled by Jimmy Gutman MD, Chief Science Officer, Immunotec (PDF on the company's own CDN) - the company bibliography of published Immunocal studies
    Company documentTier 1Immunotec Inc.archived copy

    Scientific and Medical Publications Featuring Immunocal, the company bibliography compiled by its Chief Science Officer - 116 publications, 19 human RCTs, 20 prehabilitation studies, 29 reviews or theoretical papers, and its own disclaimer that "research articles do not translate into clinical practice or treatment guidelines"; plus the named trials in the Journal of Applied Physiology (1999, N=18), Journal of Cystic Fibrosis (2003, N=21), Antioxidants & Redox Signaling (2008, N=66), Journal of Nutrition, Health & Aging (2015, N=67 analyzed) and Frontiers in Psychiatry (2021, N=40)

    Not established by this document: Of the five named trials, only the 2015 Journal of Nutrition, Health & Aging study was linked to a primary record in this session; the Journal of Applied Physiology (1999, N=18), Journal of Cystic Fibrosis (2003, N=21), Antioxidants & Redox Signaling (2008, N=66) and Frontiers in Psychiatry (2021, N=40) papers are indexed inside the company bibliography PDFs above but were not separately resolved to journal DOIs.

  15. "Scientific and Medical Publications Featuring Immunocal®", 2024 edition compiled by Jimmy Gutman MD, Chairman of the Scientific Advisory Board (PDF on the company's own CDN)
    Company documentTier 1Immunotec Inc. · 2024archived copy
  16. Karelis A, Messier V, Suppère C, Briand P, Rabasa-Lhoret R, "Effect of cysteine-rich whey protein (Immunocal®) supplementation in combination with resistance training on muscle strength and lean body mass in non-frail elderly subjects: A randomized, double-blind controlled study," J Nutr Health Aging 2015;19(5):531-536 - 67 subjects analyzed; funding and product supplied by Immunotec Inc.
    AcademicTier 3PubMed Central / The Journal of Nutrition, Health & Aging · 2015archived copy
  17. Immunotec, "Commitment to Science" (PDF on the company's own CDN) - the company's own summary of its research position, PDR and CPS listings and patent portfolio
    Company documentTier 1Immunotec Inc.archived copy
  18. BBB National Programs, Direct Selling Self-Regulatory Council Case #56-2022 - Monitoring Inquiry: Immunotec, closed 6 January 2022, decision published 14 January 2022
    Self-regulatoryTier 2BBB National Programs - Direct Selling Self-Regulatory Council · 2022-01-14archived copy

    Direct Selling Self-Regulatory Council Case #56-2022, administered by BBB National Programs - closed 6 January 2022, decision published 14 January 2022, covering three social-media posts on cancer, pneumonia, infertility, autism and viruses and two website earnings phrases, all removed, with no referral; plus the two Better Business Bureau profiles for Immunotec Research Inc, unaccredited, one rated C, three billing complaints in three years

    Not established by this document: The two Better Business Bureau business profiles for Immunotec Research Inc (unaccredited, one rated C, three billing complaints in three years) were not retrieved; bbb.org profile pages are robots-disallowed to the fetcher and did not surface in search with a stable slug.

  19. DSSRC Case #56-2021/2022 full decision (PDF) - the Facebook posts on cancer, pneumonia and infertility, and the two website earnings phrases ("immediate and long-term income…", "You can decide to work sometimes, part time or full time") that DSSRC recommended be discontinued
    Self-regulatoryTier 2BBB National Programs - Direct Selling Self-Regulatory Council · 2022-01-06archived copy
  20. BBB National Programs press summary of the Immunotec decision, 20 January 2022 - "Direct Selling Self-Regulatory Council Recommends Immunotec Discontinue Certain Earnings and Health-Related Product Performance Claims"
    Self-regulatoryTier 2BBB National Programs (via Lexology) · 2022-01-20archived copy
  21. Immunotec Inc., "Immunotec Enters Into Agreement to Be Acquired" (22 March 2017) - C$0.485 a share, a 22.8% premium, Immuno Holding S.A. de C.V. led by Mauricio Domenzain with Nexxus Capital, plan of arrangement under the CBCA
    ReportingTier 1Immunotec Inc. via GlobeNewswire · 2017-03-22archived copy

    Corporate record: the 22 March 2017 agreement to be acquired and the 18 May 2017 completion of arrangement at C$0.485 a share, a 22.8% premium with 60.28% insider support; the Nexxus Capital US$30 million investment completed 1 August 2017; the fiscal 2016 results release recording $109 million of revenue, 73.0% fourth-quarter gross margin and 2.9% adjusted EBITDA; the April 2016 Glanbia Nutritionals supply-contract renewal; and the FTC’s published October 2021 Notice of Penalty Offenses recipient list

    Not established by this document: The April 2016 Glanbia Nutritionals supply-contract renewal release was not retrieved. On the Canadian regulators the parent brief asked about: the Competition Bureau's enforcement and compliance registers return no Immunotec action at any date from the searches run, and Quebec's Registraire des entreprises serves the NEQ record only through a session-bound search form with no stable per-enterprise URL, so no registry link is emitted. Immunotec Inc. is recorded as a federal CBCA corporation, corporation number 4405064, registered office 300 Joseph-Carrier, Vaudreuil-Dorion - but that appears only on third-party registry mirrors, not on a Corporations Canada URL captured in this session.

  22. Immunotec Inc., "Immunotec Announces Completion of Arrangement" (18 May 2017) - completion of the going-private transaction and delisting from the TSX Venture Exchange
    ReportingTier 1Immunotec Inc. via GlobeNewswire · 2017-05-18archived copy
  23. Immunotec Inc., "Immunotec shareholders approve arrangement with 1111267 B.C. Ltd." (11 May 2017) - 98.88% of votes cast in favor at the special meeting
    ReportingTier 1Immunotec Inc. via GlobeNewswire · 2017-05-11archived copy
  24. Nexxus Capital, "Nexxus Capital Completes Investment in Mexico's IMMUNOTEC" (18 May 2017) - investment through Nexxus Capital Private Equity Fund VI and Nexxus Capital VI Trust in association with Mauricio Domenzain
    ReportingTier 3Nexxus Capital (press release republished by LAVCA) · 2017-05-18archived copy
  25. Immunotec Inc., "Immunotec Reports Fourth Quarter and Full-Year 2016 Results" (26 January 2017) - revenues C$109.0m (+28.6%), fourth-quarter margin before expenses 73.0%, adjusted EBITDA 2.9% of revenues in Q4 and 5.1% for the year
    ReportingTier 1Immunotec Inc. via Marketwired / EIN Presswire · 2017-01-26archived copy
  26. List of October 2021 Recipients of the FTC's Notices of Penalty Offenses Concerning Money-Making Opportunities, updated 25 October 2021 (PDF)
    RegulatorTier 1Federal Trade Commission · 2021-10-25archived copy
Unable to verify

What we could not get

  • The "+18% to $260M" figure for 2025. It traces to a single direct-selling trade publication whose own page describes its revenue series as "confirmed or estimated" without saying which years are which, and whose momentum ranking is built from social-media signals rather than accounting inputs. The last audited figure on the record is $109 million for fiscal 2016. Put them side by side and note that they differ in kind: a trade-publication estimate is not a company figure, and a company figure is not audited. We could not verify the $260M. We are not saying it is false.
  • The active-consultant denominator. Successive income disclosures reference 324,654 active US consultants for 2021 and 30,081 for July 2023 - roughly a 91% difference in two years - and neither document defines "active." This is the most consequential open item on the page, because the percentages are only meaningful against a base: 73.9% of 30,081 is about 22,000 people earning nothing, while 73.9% of 324,654 would be nearly 240,000. The percentages themselves are stable across three published years; the base is not established.
  • The annual renewal fee amount. §3.4 makes renewal mandatory on the anniversary date, and the amount appears in none of the published documents we read - not the Policies and Procedures that create the obligation, not the compensation plan booklet, not either price list, not the incentive FAQ. Any figure circulating for it is unsourced, and it is excluded from every calculation on this page, which makes every figure here optimistic by that unknown amount.
  • The buy-back percentage, time limit and any restocking fee. The repurchase obligation exists in §3.2 and refers onward to sections that did not resolve to figures in the text we could read. The industry code standard is 90% of net cost on goods bought within twelve months, but we are not asserting that is what applies here.
  • A Mexican income disclosure. We searched in Spanish and searched the same content-delivery paths that host the Mexican compensation booklet and customer price list, and found none. The content network is not indexable, so absence from search is weak evidence - but no figure for any Latin American market is published here because none was located.
  • The US Welcome Kit price and current enrollment-pack tiers. US$36 and US$280 both appear in secondary reviews, four SKUs apart in time; the company website is a JavaScript application that returned no product or price content to retrieval. The Canadian kit at C$46 is confirmed from the company’s own price list. Optional enrollment packs are reported at US$151 to US$1,523 from a secondary source only.
  • Which rank unlocks the 30% consultant discount tier, and whether a replicated-website or back-office fee exists. The Canadian price list notes a 20% discount for Entrepreneur Consultants on autoship bundles, which implies discount tiering by rank; if the 30% tier is gated behind Associate, the comparison against the free customer tier gets materially worse. No back-office fee is mentioned either way.
  • The current owner’s pre-2017 employers and what became of them; the legal form and price of the November 2025 field integration and whether the compensation plan is being revised as a result; the actual aggregate payout ratio against the plan’s "up to 47%" ceiling; and the funding and conflict-of-interest statements for every trial except one, where the company states on the record that the study was "initiated by Immunotec Inc."

Not advice

This is independent analysis for decision-making, not legal, financial or investment advice. Allegations reported by third parties should be verified against primary court and regulatory records before any decision.

Who writes this

Researched by Claude. Reviewed by an editor.

Every report is researched and written by Claude, Anthropic’s AI assistant, from the company’s own plan documents, policies, terms and regulatory file - then reviewed before publication by Rob Fore, who checks the sources and the stage-label on every allegation.

  • Nine weighted dimensions, published with their weights
  • The editor checks the evidence and cannot change the number - the build rejects any page whose grade does not reconcile to its own arithmetic
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Common questions

Immunotec - frequently asked

QDoes Immunocal actually work?
There is real published evidence that this specific preparation delivers cysteine and supports glutathione synthesis, and there are small randomised trials showing benefit in cystic fibrosis (N=21), weight loss in lung-cancer patients receiving chemotherapy or radiotherapy (N=66), muscle strength in adults aged 65 to 88 (N=67 analyzed, about 10% above a casein control) and peak power in young adults (N=18, +13.5%). Health Canada license NPN 80004370 permits a defined claim set including "natural source of the glutathione precursor cysteine for the maintenance of a strong immune system" and "helps increase muscle strength and performance (when combined with regular exercise)." What the evidence does not show is any benefit to a healthy adult in the ordinary sense - fewer colds, shorter illness, better outcomes. Every human trial is in a specific clinical population or a small performance cohort, the median sample is around 33, twenty of the studies test a whole multimodal prehabilitation program rather than the supplement alone, and the company’s own bibliography states that research articles do not translate into clinical practice or treatment guidelines. If a clinician has recommended a cysteine-rich whey isolate for a specific condition, this is the preparation that was studied. If nobody has, the evidence does not reach you.
QIs a Health Canada NPN the same as approval?
No, and this is the distinction most likely to be misread. A Natural Product Number is a license to sell a natural health product in Canada with a specific set of permitted claims. It is not a drug approval - that is a separate and higher-evidence pathway. It is not a Health Canada finding that the product works as a medicine, and it is not a clinical endorsement: several of the permitted phrases here, such as "source of protein which helps build and repair body tissues" and "source of essential amino acids," are generic monograph claims that a supermarket own-brand whey powder could equally carry. And it is emphatically not a warrant for anything a distributor says beyond the licensed wording. What it does prove is worth stating too: the product passed a real review at a national health authority, the ingredient and dose sit on a public register anyone can look up, the claims on the package are pre-vetted and the cautions are mandated. That is materially more than most supplements sold through this channel can show.
QWhat does the 180 PSV requirement actually cost?
It is exactly one box of the flagship, because the company’s own price list assigns that product a point value of precisely 180. At the US consultant price that is $78.40 a month and $941 a year; the cheapest product combination reaching 180 points is about $71. To first reach Associate you need 400 PSV in a single month, roughly $147 to $157. At Venture the requirement rises to 400 PSV a month, about $1,882 a year, and from Silver upward to 600 PSV. Two things cut in the company’s favor and should be said. The plan expressly allows purchases by customers you personally referred to count toward the requirement, so one committed customer buying one box a month satisfies the Associate gate with no personal purchase at all. And the gate is calibrated to real consumption rather than inventory loading: at the licensed adult dose of two servings daily, one box is fifteen days, so 180 points a month is about half of one adult’s licensed intake. The difficulty is what the disclosure shows about who is actually paying it.
QIs it cheaper to be a consultant than a customer?
Barely in year two, and not at all in year one. A Preferred Customer gets 25% below retail with no registration fee and no volume requirement - US$84.00 a box. A consultant gets 30% below retail, US$78.40, after buying a Welcome Kit, qualifying at 400 PSV in one month and maintaining 180 PSV every month thereafter. The entire advantage is $5.60 a box, $67.20 across a year. Run year one: twelve boxes at the consultant price plus the kit at the low reported figure plus the one extra box needed to qualify comes to $1,055.20, against $1,008.00 as a Preferred Customer - the consultant is $47 worse off than a customer who never joined. In year two the $67.20 saving is wiped out entirely by any renewal fee above $67, and the company does not publish the amount. And anyone at all, with no relationship of any kind, can buy the same box from the company’s own storefront on a mainstream retail marketplace.
QHow much do Immunotec consultants actually earn?
The company publishes this, which is to its credit and is why the number is here at all. For calendar 2023 in the United States: 73.9% of active Independent Consultants earned $0.00. Associate Consultants, 3.6% of the field, averaged $18 for the year. Venture Consultants, 19.2%, averaged $226. Silver, 2.3%, averaged $1,406. Every rank above Silver was under 1% of the field. Canada is better at every level - 57.7% at zero and Venture at C$354 - but the shape is identical. The sentence that matters is the comparison: $226 of average annual commission at Venture against roughly $1,882 of annual volume required to hold that rank is a net loss of about $1,650 a year, before the kit, the renewal fee, samples, travel or events, and that is where nearly a fifth of the US field sits. Of 30,081 consultants stated as active in 2023, 277 - 0.92% - qualified for the incentive trip. One open caveat: successive disclosures give the active-consultant count as 324,654 for 2021 and 30,081 for 2023, and neither defines "active," so the percentages are sound but the base they sit on is not established.
Who wrote this report

Author, editor and publisher

C
Written by Claude AI
Reviewed by Rob Fore · Published by Listech Inc · August 1, 2026

This report was researched and written by Claude, Anthropic’s AI assistant, working from primary documents - Immunotec’s own compensation plan, its policies and procedures, its terms of service, its income disclosure statement where one exists, and its regulatory and self-regulatory file. It was scored against nine weighted dimensions that are published in full, with their weights, on the methodology page.

Before publication it was reviewed by Rob Fore, who checks every source link, every figure against the document it came from, and every allegation against its stage-label - an investigation is not a finding, a warning letter is not an enforcement action, and a filed claim is not a verdict.

The editor does not set the grade. The published score is the weighted composite of the nine dimension scores, and the build refuses to emit a page where the two disagree by more than 0.06. A grade moves when the evidence moves it and not otherwise.

Rob Fore has marketed online since 1996, wrote Online MLM Marketing (2014), and is CEO of Listech Inc, the Nevada corporation that publishes this site. He holds affiliate positions in companies graded here - including LiveGood, which this site grades D, SendOutCards, which it grades C−, and the Home Business Academy, which it grades B−. Those positions are disclosed on the reports they touch, and changed nothing on this page.

About the author and our conflicts  ·  Contact the editor  ·  Corrections: corrections@opportunitygrade.com

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