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Enwave Corp V.ENW

Alternate Symbol(s):  NWVCF

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

Comment by lbellon Apr 09, 2021 12:12pm
179 Views
Post# 32966952

RE:RE:Buy Back

RE:RE:Buy Back It was in the December 2020 'Management Discussion and Analysis' section:

"Normal Course Issuer Bid On October 19, 2020, the Company announced the approval of its normal course issuer bid (“NCIB”) by the TSX Venture Exchange (“TSXV”). This NCIB commenced on October 22, 2020 and allows the Company to purchase up to 10,918,104 common shares over a period of 12 months, but no more than 2,228,195 shares in any 30-day period. Purchases are made on the open market through the TSXV by Cormark Securities Inc. at the market price of such common shares at the time of acquisition. The Company believes that, from time to time, the market price of its common shares may be attractive and their purchase would represent a prudent allocation of capital. As of the date of this report, the Company has not yet purchased or cancelled any common shares under the NCIB, but has placed bids on numerous occasions while not in blackout."
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