Total
0
Shares
EnWave (TSXV:ENW) signs commercial license with Cannaponics PTY Limited
Source: EnWave Corporation
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • EnWave Corporation (ENW) has granted an Australian cannabis company the right to use EnWave’s patented REV technology for cannabis production
  • The Australian company has purchased a 10kW Radiant Energy Vacuum (REV) machine that it will use to dry cannabis flower for use in medicinal products
  • In addition to this new license agreement, EnWave has announced that Scitek has agreed to purchase a 10kW non-GMP REV machine from Helius Therapeutics
  • Scitek plans to showcase the 10kW REV machine to new potential licensees in both the food and cannabis verticals
  • EnWave is an advanced technology company
  • EnWave Corporation (ENW) opened trading at $1.03 per share

EnWave Corporation (ENW) has granted an Australian cannabis company the right to use EnWave’s patented REV technology for cannabis production.

The Australian company has purchased a 10kW Radiant Energy Vacuum (REV) machine that it will use to dry cannabis flower for use in medicinal products.

This REV machine will be built to the standard of Good Manufacturing Practices (GMP), allowing the Australian company to manufacture GMP-grade medical cannabis products for export to Europe and other global markets.

EnWave’s REV technology offers a fast, gentle drying method that removes moisture homogenously from cannabis at selected low temperatures. Drying times are shortened from multiple days to less than two hours.

In addition to this new license agreement, EnWave has announced that Scitek, its exclusive channel partner representing REV technology in Australasia, has agreed to purchase the 10kW non-GMP REV machine from Helius Therapeutics.

Scitek will install their 10kW machine close to Melbourne, Australia and make it available to any interested third parties for testing and product development.

Once ownership of the machine has been transferred to Scitek, Helius and EnWave have agreed to terminate their license agreement.

Scitek is a vacuum technology expert business with over 30 years of industry experience. Their expertise covers a wide range of vacuum facilitating technologies as used in the cannabis, pharmaceutical and food industries.

Scitek plans to showcase the 10kW REV machine to new potential licensees in both the food and cannabis verticals, adding to EnWave’s current 49 licensed partners worldwide.

EnWave is an advanced technology company that has developed the Radiant Energy Vacuum (REV), an innovative, proprietary method for the precise dehydration of organic materials.

EnWave Corporation (ENW) opened trading at $1.03 per share.

More From The Market Herald
Namaste Technologies (TSXV:N) provides corporate update

" True Leaf (CSE:MJ) signs first customer to path-to-market program

True Leaf Brands Inc. (MJ) has signed Backwoods BC Bud to its new path-to-market program for micro-cultivators.
Cannabix (CSE:BLO) ramps up beta testing of its THC Breath Analyzer

" Cannabix (CSE:BLO) ramps up beta testing of its THC Breath Analyzer

Cannabix Technologies (BLO) has announced plans to test its THC Breath Analyzer (THCBA) in a high-volume clinic in the northwestern US.
Next Green Wave (CSE:NGW) reports rising revenue throughout 2020

" Greenway Greenhouse Cannabis (CSE:GWAY) is now trading on the CSE

Greenway Greenhouse Cannabis (GWAY) commenced trading on the CSE at market open on September 21.
Fandom Sports Media (CSE:FDM) signs LOI with Esportz Network

" GameOn (CSE:GET) and LiveLike enter distribution partnership

GameOn Entertainment Technologies (GET) is launching a distribution partnership with LiveLike signed earlier this month.