EnWave and Aurora Cannabis Sign Commercial Royalty-Bearing License for Australia and Sublicense with Cann Group Limited

ID: 1553275
recent pressrelease next pressrelease

(businesspress24) - Vancouver, B.C., October 22, 2019
EnWave Corporation (TSX-V:ENW | FSE:E4U) (EnWave, or the Company - https://www.youtube.com/watch?v=hVSI-SRl4m4&t=12s ) reports today that EnWave and Aurora Cannabis Inc. (Aurora) (TSX: ACB) (NYSE: ACB) a global leader in the cannabis industry, have signed an exclusive, royalty-bearing commercial license agreement with sub-licensing rights (the Agreement) to use the Companys proprietary Radiant Energy Vacuum (REV) dehydration technology for the drying of cannabis in Australia. Aurora will hold an exclusive master license for the drying of cannabis using REV in Australia and will work closely with EnWave to pursue sub-licensing opportunities. If certain minimum commercialization requirements are met, Aurora will receive an undisclosed share of royalties derived from any cannabis product dried with REV technology by sub-licensees in Australia.

Concurrently with the signing of the Agreement, EnWave and Aurora have signed a royalty-bearing sublicense (the Sublicense) with Cann Group Limited (Cann Group) (ASX: CAN), Australias first Medical Cannabis Cultivation Licensee. The Sublicense grants Cann Group the right to use EnWaves REVTM technology to dry cannabis in Australia. Pursuant to the Sublicense, Cann Group has signed an equipment purchase agreement to obtain a 10kW REV machine to initiate commercial production.

The Sublicense is the first sublicense granted by Aurora and EnWave and the fifth royalty-bearing commercial license agreement signed by EnWave to dry cannabis using its proprietary dehydration technology.

About Cann Group Limited
Established in 2014, Cann Group is the first company to be issued with a Cannabis Research Licence and Medicinal Cannabis Licence by the Australian Governments Office of Drug Control (ODC), and was subsequently issued with a Manufacture Licence by the ODC. These Licences authorize Cann Group to cultivate, produce and manufacture medicinal cannabis (in association with a relevant permit) for therapeutic and research purposes.



Cann Groups Board and management have extensive experience in the agriculture, agronomic and health research sectors and in developing and commercializing agricultural technology.

Cann Group has established R&D and cultivation facilities in Australia and is pursuing a fully-integrated business model with collaboration agreements, resources and capabilities that will enable it to establish a leading position in plant genetics, breeding, cultivation, production, manufacturing, and clinical evaluation to facilitate the supply of medicinal cannabis for a range of diseases and medical conditions.

Cann Groups vision is to be a leading developer and supplier of cannabis, cannabis resin and medicinal cannabis products.

For more information on Cann Group Limited, please visit www.canngrouplimited.com.

About EnWave
EnWave Corporation, a Vancouver-based advanced technology company, has developed Radiant Energy Vacuum (REV) - an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV technology, shortening the time from harvest to marketable cannabis products.

REV technologys commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors including legal cannabis. EnWaves strategy is to sign royalty-bearing commercial licenses with industry leaders in multiple verticals for the use of REV technology. The company has signed over twenty royalty-bearing licenses to date, opening up nine distinct market sectors for commercialization of new and innovative products. In addition to these licenses, EnWave has formed a Limited Liability Corporation, NutraDried Food Company, LLC, to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese® brand.

EnWave has introduced REV as the new dehydration standard in the food and biological material sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently has three commercial REV platforms:

1.-nutraREV® which is used in the food industry to dry food products quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour;
2.-powderREV® which is used for the bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes below the freezing point, and
3.-quantaREV® which is used for continuous, high-volume low-temperature drying.

An additional platform, freezeREV®, is being developed as a new method to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies. More information about EnWave is available at www.enwave.net.

EnWave Corporation
Mr. Brent Charleton, CFA
President and CEO

For further information:
Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
E-mail: bcharleton(at)enwave.net

Dan Henriques, CPA, CA, Chief Financial Officer at +1 (604) 835-5212
E-mail: dhenriques(at)enwave.net
Deborah Honig, Corporate Development at + 1 (647) 203-8793
E-mail: dhonig(at)enwave.net

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch

Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management''s expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company''s strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third party claims referred to in this release are not guaranteed to be accurate. All third party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release



More information:
http://https://vidily.net/happy-pricing/ https:// https://



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:

EnWave Corporation ist ein in Vancouver ansässiges Technologieunternehmen das kommerzielle Applikationen für ihre geschützte Radiant Energy Vacuum (REV™) Trocknungstechnologie anbietet.



PressContact / Agency:



published by: irw
print pressrelease  send to a friend  

Date: 10/22/2019 - 09:17
Language: English
News-ID 1553275
Character count: 3447
Kontakt-Informationen:
Firma: EnWave Corporation
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Wien
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 482

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 429
Register today: 1
Register yesterday: 0
Members online: 0
Guests online: 109


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.