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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

Post by kidl2on May 31, 2021 8:44am
294 Views
Post# 33295347

Analyst Update

Analyst Update

Globe says Hansen keeps EnWave at "market perform"

EnWave Corp (C:ENW)
Shares Issued 111,629,755
Last Close 5/28/2021 $1.20
Monday May 31 2021 - In the News

The Globe and Mail reports in its Saturday, May 29, edition that Raymond James analyst Steve Hansen has an unchanged "market perform" rating doe EnWave. The Globe's David Leeder writes that Mr. Hansen trimmed his share target by 40 cents to $1.45, 10 cents above the consensus. Mr. Hansen says in a note, "While we continue to admire EnWave's accelerating machine order prospects, we have elected to trim our target price to account for a slower-than-expected sales transition at the company's NutraDried segment." The Globe reported on Sept. 2 that Mr. Hansen had upgraded EnWave to "outperform" from "market perform." The shares could then be had for 94 cents. The Globe reported on Dec. 23 that Industrial Alliance Securities analyst Neil Linsdell had reiterated his "buy" call on EnWave. The shares could then be had for $1.18. The Globe reported on March 4 that Mr. Hansen had cut his rating for EnWave to "market perform" from "outperform." He cited the "renewed uncertainty associated with the company's near-term NutraDried prospects" in justifying his downgrade. The shares could then be had for $1.43.

© 2021 Canjex Publishing Ltd.


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