RE:RE:RE:RE:Next CANNABIS INDUSTRY OPPORTUNITY the Company has named Tilray ("Tilray"), a major Canadian Licensed Producer ("LP"), as its licensed partner under the terms of an exclusive, sub-licensable, royalty bearing commercial license (the "License") signed in October 2017. The License grants Tilray an exclusive right to use and sub-license the Company's proprietary REV™ dehydration technology in Canada for efficient production of high-quality dried and decontaminated cannabis products.
The shipment and installation marks EnWave's entrance into the rapidly growing Canadian cannabis market. The partnership with Tilray has been designed to pair EnWave's disruptive cannabis processing technology with Tilray's industry-leading processing capabilities and regulatory expertise. The Company's strategy, in partnership with Tilray, is to secure additional royalty bearing sub-licenses with additional licensed producers in the cannabis sector.