11:10:19 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-06-25 C$ 9.84
Market Cap C$ 9,978,743,144
Recent Sedar Documents

EnWave, Aurora increase requirements for REV purchase

2019-06-26 11:36 ET - News Release

See News Release (C-ENW) EnWave Corp

Mr. Brent Charleton of EnWave reports

ENWAVE AND AURORA CANNABIS EXPAND SCOPE OF MACHINE DELIVERY TO ACHIEVE GOOD MANUFACTURING PRACTICE (GMP) STANDARDS

EnWave Corp. and Aurora Cannabis Inc. are expanding the scope of requirements for Aurora's potential purchase of a third 120-kilowatt Radiant Energy Vacuum (REV) machine targeted for its European operations in Denmark. Aurora Nordic Cannabis, a subsidiary of Aurora, plans to develop a pharmaceutical-level good manufacturing practice (GMP) facility, which requires several upgrades to the contemplated machinery. These upgrades will be confirmed as soon as possible and will also increase the economic profile of this prospective equipment purchase.

On April 26, 2019, EnWave and Aurora announced that the companies had entered into a royalty-bearing commercial licence agreement with sublicensing rights, providing Aurora with the exclusive rights to EnWave's patented REV drying technology for the production of cannabis materials in the European Union, excluding Portugal.

Aurora intends to pursue widespread adoption of the REV technology throughout its global operations to capture the significant advantages of EnWave's drying technology when compared with traditional drying methods.

Benefits of REV technology in the cannabis industry

EnWave's patented REV technology is a rapid, low-temperature, continuous drying method that maintains optimal terpene levels and flavour, as well as other product attributes during the drying process. The company's vacuum-microwave technology enables fast, uniform drying with flexible final moisture content, capabilities that are unattainable with freeze drying or air drying.

In the cannabis industry, REV technology provides for capital expenditure savings on drying space (smaller footprint) and related HVAC (heating, ventilation and air conditioning) investments, as well as the ability to free up space, which can be repurposed to increase the economic output of each facility. Furthermore, EnWave's REV technology reduces drying time from five days to seven days to less than two hours, resulting in significant working capital savings and speed to market of product. The technology has certain additional benefits, including the support of industrial-scale flow-though, accelerating the ability for large-scale processing of cannabis and cannabidiol-rich biomass into intermediate or finished product.

About EnWave Corp.

EnWave, a Vancouver-based advanced technology company, has developed 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.

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