EnWave Corporation has signed a Technology Evaluation and License Option Agreement with a North American multi-state cannabis company to lease a 10kW Radiant Energy Vacuum (“REV™”) dehydration machine to evaluate the value proposition of REV™ technology over incumbent drying methods. The Cannabis Cultivator’s evaluation is expected to be completed before the end of June 2024. If the evaluation is deemed successful, EnWave expects to grant a commercial license and sell REV™ equipment to the Cannabis Cultivator.

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Enwave Corp.