RE:RE:Last news from the companyMaybe you didn't see this bottom line...
We're excited to be turning the corner on the development and fielding of our Affinity™ technology," said Dr. Jonathan Gluckman, President and CEO of Sixth Wave. "The installation of a high-capacity system at our first commercial customer is an important milestone for SIXW. This lays the groundwork for a standardized Affinity platform, capable of being rolled out to a cannabis industry badly in need of scalable and affordable process technology."
"The key features of Affinity --- faster processing speeds, lower capital and operating costs, and exacting levels of precision --- are in high demand for an industry looking to accommodate major markets now opening in the U.S. and internationally," said John Cowan, COO of Sixth Wave. "What's more, the Affinity platform promises to be rapidly scalable to virtually any level of mass production volume, an indispensable feature for an industry now forecasted to experience exponential growth through 2023 and beyond."
The customer agreement with Green Envy (the "Agreement") requires that the full-scale configuration operate for a period of 60 to 90 days, producing high purity, full-spectrum cannabinoid distillate for final approval. The Agreement then calls for the installation of three industrial grade and GMP qualified units at the Customer's sites. SIXW anticipates that the first GMP Affinity™ system will be generating full capacity revenue in Q3 of this year.