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 > WoW! Nutradried CEO out; Layoffs; Scale-down operations

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Comment by JYBJYBon Feb 18, 2021 7:42pm

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RE:RE:WoW! Nutradried CEO out; Layoffs; Scale-down operations

That is a fair statement. I always saw nutridried as a "proof of concept". Perhaps they took their sites off of the prize.
Business to consumer has better markups but Enwaves royalty paying customers are already doing it. (Better and cheaper, while providing income to the company)
Glad they are brave enough to make these hard decisions although I must sympathize with some of the employees who may have thought they had a home.

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