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EnWave Corporation (ENW.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.9000-0.0300 (-3.23%)
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Neutralpattern detected
Previous Close0.9300
Open0.9400
Bid0.9000 x 0
Ask0.9300 x 0
Day's Range0.9000 - 0.9400
52 Week Range0.5600 - 2.0300
Volume45,351
Avg. Volume56,541
Market Cap100.269M
Beta (5Y Monthly)1.15
PE Ratio (TTM)N/A
EPS (TTM)-0.0440
Earnings DateFeb 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.45
  • GlobeNewswire

    EnWave Announces Normal Course Issuer Bid

    VANCOUVER, British Columbia, Oct. 19, 2020 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave,” or the "Company”) today announced that the TSX Venture Exchange (“TSXV”) has accepted the Company’s notice of intention to make a normal course issuer bid. Under the terms of the normal course issuer bid, EnWave may acquire up to 10,918,104 common shares, representing 10% of the public float of EnWave as of October 19, 2020. In the opinion of the Company’s Board of Directors, its common shares have been trading at prices that do not reflect the underlying value of the Company including its royalty portfolio, its strong financial position and the growth opportunities. Accordingly, EnWave believes that purchasing and returning its common shares to treasury represents an opportunity to enhance value for its ongoing shareholders. EnWave’s cash position allows for the implementation of the bid without adversely affecting the Company’s other opportunities.As of October 19, 2020, the Company had 111,409,755 common shares outstanding. Under TSXV policies, EnWave is entitled to purchase up to 2,228,195 shares in any 30 day period up to the maximum of 10,918,104 shares.The purchases may commence on October 22, 2020 and will end on October 21, 2021, or on such earlier date as EnWave may complete its purchases pursuant to the notice of intention to make a normal course issuer bid filed with the TSXV. The actual number of common shares which will be purchased and the timing of any such purchases will be determined by the Company. All shares purchased by the Company will be on the open market through the facilities of TSXV by Cormark Securities Inc. acting on behalf of EnWave in accordance with the policies of the TSXV and will be surrendered by the Company to its transfer agent for cancellation. The prices that EnWave will pay for any of the common shares purchased will be the market price of the shares at the time of acquisition.About EnWave EnWave Corporation, a Vancouver-based advanced technology company, has developed a 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™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors, including legal cannabis. EnWave’s strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV™ technology. The company has signed over thirty royalty-bearing licenses to date. In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand.EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV™ platforms:1\. nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour; and,2\. quantaREV® which is a tray-based system used for continuous, high-volume low-temperature drying.More information about EnWave is available at www.enwave.net.EnWave CorporationMr. Brent Charleton, CFA President and CEOFor further information:Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 E-Mail: bcharleton@enwave.netDan Henriques, CPA, CA, CFO at +1 (604) 835-5212 E-mail: dhenriques@enwave.netSafe 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.

  • GlobeNewswire

    EnWave Signs Technology Evaluation and License Option Agreement with American Industrial Hemp Producer

    VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a Technology Evaluation and License Option Agreement (the “TELOA”) with an American industrial hemp producer (the “Hemp Producer”) to evaluate the potential commercial use of the Company’s proprietary Radiant Energy Vacuum (“REV™”) dehydration technology. During the term of the TELOA, the Hemp Producer will pay a monthly evaluation fee and have the exclusive option to license REV™ technology for use in the State of Illinois to dehydrate hemp products for cannabidiol (“CBD”) extraction. If REV™ demonstrates its proven ability to produce dried hemp with zero degradation of CBD content, the Hemp Producer will be able to leverage EnWave’s patented dehydration platform to improve processing efficiencies and lower their cost of CBD production. If the evaluation is deemed successful by the Hemp Producer, EnWave will aim to sign a royalty-bearing commercial license agreement and an Equipment Purchase Agreement with the Hemp Producer committing to the purchase of REV™ machinery.EnWave holds a robust intellectual property portfolio spanning numerous international markets and has licensed REV™ technology to more than forty companies operating in eighteen countries worldwide.About EnWave EnWave Corporation, a Vancouver-based advanced technology company, has developed a Radiant Energy Vacuum (“REV™”) – an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patented methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to marketable cannabis products.REV™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors, including legal cannabis. EnWave’s strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV™ technology. The company has signed over thirty royalty-bearing licenses to date. In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand.EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV™ platforms: 1. nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour; and, 2. quantaREV® which is a tray-based system used for continuous, high-volume low-temperature drying.EnWave is also active in the pharmaceutical industry through a joint development agreement with GEA Lyophil, a leader in GMP drying machinery. More information about EnWave is available at www.enwave.net. EnWave Corporation Mr. Brent Charleton, CFA President and CEOFor further information: Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 E-mail: bcharleton@enwave.net        Dan Henriques, CPA, CA, CFO at +1 (604) 835-5212 E-mail: dhenriques@enwave.net 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 it's 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.

  • GlobeNewswire

    EnWave Signs Equipment Purchase Agreement with Intakt Snacks of Chile

    VANCOUVER, British Columbia, Sept. 29, 2020 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed an Equipment Purchase Agreement (the “Agreement”) with Lake Blue SpA d.b.a. INTAKT SNACKSTM (“Intakt Snacks”), a Chilean royalty partner of the Company. Intakt Snacks has purchased a second 10kW Radiant Energy Vacuum (“REV™”) machine to double its royalty-bearing capacity for the commercial production of dried cheese snacks in Chile. Intakt Snacks previously signed a royalty-bearing commercial license with EnWave in July 2015 and pays the Company a royalty equal to five percent of the revenues it generates from REV™-dried products. Intakt Snacks’ portfolio of crunchy cheese products includes different types of cheese infused with various natural ingredients like Chili Pepper and Coriander (Spicy), Black Pepper, Oregano, Mozzarella-Blue Cheese, Onion, Tomato-Basil-Oregano (Mediterranean Mix), Blueberry, Raspberry, and Honey. Intakt Snacks currently distributed its products through domestic retailers in Chile and the U.S. through several keto snack distribution companies and e-commerce platforms. Intakt Snacks plans to expand its distribution into the Chinese and the Japanese markets in 2021, and recent growth has led to the need for additional REVTM machine capacity.EnWave currently has forty active royalty-partners, including twelve companies that are using REV™ technology to create innovative, nutritious, shelf-stable dairy applications. REV™ offers its users proven scalability, reliability and material economic advantages.About Intakt Snacks Lake Blue SpA d.b.a. INTAKT SNACKSTM, is a family owned agro-industrial company with a history spanning more than 60 years in dairy and meat ​production in the Rivers Region of southern Chile, one of the most pristine places in the world. During the last decade, LakeBlue has developed fruit production that has successfully been exported to markets including the United States, Europe, China and Korea.  Intakt Snacks has been producing and selling cheese snacks internationally since 2016. For more information about Intakt Snacks, please visit www.intaktsnacks.com.About EnWave EnWave Corporation, a Vancouver-based advanced technology company, has developed a 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™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors, including legal cannabis. EnWave’s strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV™ technology. The company has signed over thirty royalty-bearing licenses to date. In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand.EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV™ platforms: 1. nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour; and, 2. quantaREV® which is a tray-based system used for continuous, high-volume low-temperature drying.More information about EnWave is available at www.enwave.net. EnWave Corporation Mr. Brent Charleton, CFA President and CEOFor further information: Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 E-mail: bcharleton@enwave.net        Dan Henriques, CPA, CA, CFO at +1 (604) 835-5212 E-mail: dhenriques@enwave.net 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 it's 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.