Bullboard - Stock Discussion Forum Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

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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... see more

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TSXV:ENW - Post Discussion

Enwave Corp > Cormark drops coverage

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Post by Possibleidiot01 on Jan 25, 2023 4:21pm

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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