- EnWave (ENW) has signed a royalty-bearing license with the second-largest U.S. cannabis multi-state operator
- This license grants the operator the right to use EnWave’s Radiant Energy Vacuum technology to process premium cannabis
- The operator is also purchasing a 120 kW REV machine for its cultivation facility
- The agreement comes after extensive testing demonstrating REV-dried cannabis’ superior terpene and cannabinoid retention
- EnWave commercializes its REV technology for the precise dehydration of organic materials
- EnWave (ENW) is unchanged trading at $1.01 per share
EnWave (ENW) has signed a royalty-bearing license with the second-largest U.S. cannabis multi-state operator.
This license grants the operator the right to use EnWave’s Radiant Energy Vacuum technology to process premium cannabis.
The operator is also purchasing a 120 kW REV machine for its cultivation facility. The machine will be commissioned before the end of the calendar year.
Extensive testing conducted by the operator shows that REV-dried cannabis’ terpene and cannabinoid levels are superior to conventional room/rack dried flower.
The testing employed EnWave’s Terpene Max drying protocol, which is designed to retain 10 per cent more terpenes than room/rack dried flower, materially reduce bioburden and reduce drying times from multiple days to less than two hours.
A single 120 kW REV machine will produce 200,000 lbs of dried cannabis per year.
EnWave commercializes its REV technology for the precise dehydration of organic materials.
EnWave (ENW) is unchanged trading at $1.01 per share as of 12:54 pm ET.
