Aurora Cannabis has entered into a royalty-bearing commercial license agreement with EnWave Corporation. Under the terms of the agreement, Aurora will have an exclusive license, with sub-licensing rights to EnWave’s Radiant Energy Vacuum (REV) technology in the European Union (excluding Portugal) and exclusive options to secure the same rights in South America (excluding Peru) and Australia. Additionally, the Companies have entered into a non-exclusive sub-license to use REV technology in Canada.
"Aurora Cannabis has placed a purchase order for two of EnWave’s 120kW REV dehydration systems for its Aurora Sky and Aurora Sun facilities in Canada and further plans to purchase a third system for its Aurora Nordic facility in Denmark within 60 days. Moreover, Aurora has also acquired a 10kW pilot-scale REV machine for product development, protocol development and R&D," the team with the company explains.
"The technology provides us with industrial-scale flow-through, reducing working capital requirements, accelerating time to market from harvest, as well as increasing our ability to produce bulk-sale cannabis for extraction and use in derivative products," Aurora Cannabis CEO Terry Booth said.
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