00:33:15 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-10-21 C$ 4.80
Market Cap C$ 4,897,815,797
Recent Sedar Documents

EnWave to provide cannabis-drying tech to Aurora

2019-10-22 10:37 ET - News Release

See News Release (C-ENW) EnWave Corp

Mr. Brent Charleton of EnWave reports

ENWAVE AND AURORA CANNABIS SIGN COMMERCIAL ROYALTY-BEARING LICENSE FOR AUSTRALIA AND SUBLICENSE WITH CANN GROUP LIMITED

EnWave Corp. and Aurora Cannabis Inc. have signed an exclusive royalty-bearing commercial licence agreement with sublicensing rights to use the EnWave's proprietary radiant energy vacuum (REV) dehydration technology for the drying of cannabis in Australia. Aurora will hold an exclusive master licence for the drying of cannabis using REV in Australia and will work closely with EnWave to pursue sublicensing 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 sublicensees in Australia.

Concurrently with the signing of the agreement, EnWave and Aurora have signed a royalty-bearing sublicense with Cann Group Ltd., Australia's first medical cannabis cultivation licensee. The sublicence grants Cann Group the right to use EnWave's REV technology to dry cannabis in Australia. Pursuant to the sublicence, Cann Group has signed an equipment purchase agreement to obtain a 10-kilowatt REV machine to initiate commercial production.

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

About EnWave Corp.

EnWave is a Vancouver-based advanced technology company that 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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.