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EnWave (TSXV:ENW) signs technology evaluation agreement with Canadian cannabis cultivator

Cannabis
TSXV:ENW
16 August 2022 09:45 (EDT)

Source: EnWave Corp.

EnWave Corporation (ENW) has signed an agreement with a Canadian cannabis company to use its 10kW Radiant Energy Vacuum (REV) technology.

The 10kW dehydration machine will be utilized for the drying cannabis flower and derivatives for the adult-use Canadian market at their main cultivation and production facility in Canada.

The cannabis cultivator will trial REV technology over a six-month period to evaluate all post-harvest improvements offered by EnWave’s patented technology.

Located at EnWave’s head office in Vancouver, Canada, the REVworx facility is the first large-scale vacuum-microwave toll processing facility in North America that exclusively offers third-party drying services. It can also allow companies to bring innovative vacuum-microwave dried products to market, enable growers to salvage and process imperfect produce, and reduce overall food waste.

EnWave Corporation licenses its REV technology, a proprietary method for dehydrating organic materials.

EnWave (ENW) is up by 1.49 per cent and trading at $0.68 per share as of 9:45 am ET.


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