- EnWave (ENW) has signed a non-exclusive royalty-bearing commercial license with Cannaponics PTY Limited
- The license grants Cannaponics the right to use EnWave’s patented REV™ technology
- Cannaponics has purchased a 10kW REV™ machine that will be used to dry cannabis flowers for use in medicinal products
- EnWave’s REV™ technology offers a fast, gentle drying method that reduces drying time from days to hours
- EnWave is a technology company that has developed a Radiant Energy Vacuum (REV™) – a proprietary method for the dehydration of organic material
- EnWave Corporation (ENW) opened trading at C$0.97 per share
EnWave (ENW) has signed a non-exclusive royalty-bearing commercial license with an Australian cannabis company, Cannaponics PTY Limited.
The license grants Cannaponics the right to use EnWave’s patented REV™ technology for the production of cannabis products in Australia.
Cannaponics has purchased a 10kW REV™ machine that will be used to dry cannabis flowers for use in medicinal products. This REV™ machine will facilitate Cannaponics to manufacture EU GMP grade medicinal cannabis products for the Australian market and to export medicinal cannabis products to Europe and around the world.
EnWave’s REV™ technology offers a fast, gentle drying method that removes moisture homogenously from cannabis at selected low temperatures which are below the point of decarboxylation. Drying times are reduced from multiple days to less than two hours.
REV™ technology has been proven to create significant value at scale in the food and cannabis industries. EnWave has 43 licensed partners and more than 50 royalty-bearing REV™ machines in operation globally.
In Australia and New Zealand, EnWave partners are supported locally by EnWave’s exclusive distribution partner Scitek. Scitek has over 30 years of experience in the sale and service of GACP / GMP grade vacuum facilitating technologies including vacuum drying as facilitated in EnWave’s Radiant Energy Vacuum (“REV™”) technology.
Cannaponics Limited is a medicinal cannabis company, licensed for cultivation, manufacture and research.
Project Stage 1 will see Cannaponics build a 3,600sqm greenhouse along with a 2,000sqm EU GMP Licensed manufacture facility on its 160-acre freehold property in Collie, which will produce approximately 7,000kg dried cannabis flower per year, to be further processed into Cannaponics EU GMP certified medicinal products for Australian and export markets. The whole project will be 100% renewable with Cannaponics sister company CannaEnergy building a 25,000 sqm solar hydrogen farm with advanced water harvesting technology.
EnWave is a Vancouver-based advanced technology company, that has developed a Radiant Energy Vacuum (“REV™”) – an innovative, proprietary method for the precise dehydration of organic materials. EnWave has also developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to high-quality, marketable cannabis products.
REV™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors, including legal cannabis.
EnWave’s strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV™ technology. The company has signed over forty royalty-bearing licenses to date in twenty countries world-wide.
EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying.
EnWave Corporation (ENW) opened trading at C$0.97 per share.
