Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

Industrials

EnWave Corporation is an applied dehydration technology company. The Company’s principal business is the licensing of its intellectual property through royalty-bearing agreements and the design, construction, marketing, and sales of vacuum-microwave dehydration machinery for the food, cannabis and biomaterial industries. It has entered into 54 royalty-bearing commercial licenses with and sold REV equipment to a diverse portfolio of companies operating in over 23 different countries on five continents. It also operates REVworx, a toll processing facility located in Delta, British Columbia that offers vacuum-microwave contract manufacturing services. The REVworx facility houses both a batch 10 kilowatt (kW) and 60 kW continuous vacuum-microwave line to accelerate the commercialization of products made with the Company’s patented technology. The Company has two primary commercial scale technologies, nutraREV, a drum-based system, and quantaREV, a tray-based system.

TSXV:ENW - Post by User

Enwave Corp

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Post by Possibleidiot01on Jan 25, 2023 4:21pm

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Post# 35246264

Cormark drops coverage

EnWave Corporation (ENW - TSXV)

Discontinuing Coverage

ENW announced the wind-down of its NutraDried subsidiary (the Moon Cheese segment) due to performance deterioration. We are discontinuing coverage on ENW to reallocate resources toward stories in our coverage universe more suitable for Cormark's institutional client base. Our final rating is Market Perform (no change vs. prior rating) with a $0.45 target (no change vs. prior target).

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