Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

Industrials

EnWave Corporation is a dehydration technology company. It has developed Radiant Energy Vacuum (REV) technology, which is a rapid, low temperature drying method. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. REV technology enables food processors to produce products that retain nutritive value, concentrated natural flavor, bright colors, texture, and physical attributes, such as puffing. Its vacuum-microwave technology enables uniform drying with flexible moisture content unattainable with Freeze Drying or Air Drying. Its REVworx is a toll processing facility that offers vacuum-microwave contract manufacturing services. It has two commercial REV platforms: nutraREV, which is a drumbased system that dehydrates organic materials and quantaREV, a tray-based system. The Company has various applications across industries, which include food & ingredients, pharmaceuticals and cannabis & hemp.

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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