EnWave's patented technology pasteurizes and uniformly dries cannabis in its natural state, without any additives, in under one hour, dramatically shortening the time from harvest to marketable products and circumvents the need to transport medical cannabis to highly-specialized and expensive off-site decontamination facilities.
EnWave's continuous high-volume REV drying process is energy efficient and eliminates the need for large-scale in-house drying rooms and the associated potential for product loss due to mold growth during the traditional multi-day drying process. The automation of the drying process by EnWave's scalable REV machinery is expected to reduce personnel costs and provide a highly cost-effective solution for high-quality cannabis production. Their machines do not affect THC or CBD content.
They sell their machines to marijuana producers and collect royalties on the production.
They have an agreement with Tilray which a licensed weed producer is. Tilray plans to produce 74 metric tons of weed. That would convert to 74 million grams. At a price of $5 per gram and a royalty of 2% which is EnWave’s minimum royalty that would come out to a royalty opportunity of $7.4 million dollar. Tilray also has the option to sublicense to other producers. I still think EnWave will got their minimum 2% plus Tilray will take their cut. Tilray operates in Canada, Germany, Portugal, Australia and New Zealand.
That's not counting any potential expansion into other countries. Tilray has said they plan to export to 5 more countries they haven't specifically named in 2018.
EnWave’s market cap is just $130 million. Aurora, Canopy, and Aphria are the 3 biggest publicly traded producers.
Any one of these would be a game changer. Not only would it significantly boost the financials it would also bring a lot of attention to EnWave. EnWave is a relatively unknown company even with their amazing patent protected technology.
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