EnWave Corp Increases Presence in Cannabis Sector
EnWave Corp (OTCMKTS:NWVCF, CVE:ENW) is an under-the-radar marijuana stock that has been bucking the broader industry’s downward trajectory, with EnWave stock advancing 81% in 2019 thanks to a number of significant accomplishments.
EnWave Corp may be best known for its subsidiary NutraDried Food Company LLC, responsible for the popular “Moon Cheese” snacks.
Nevertheless, EnWave’s influence in the cannabis industry has been expanding rapidly, highlighting the company’s massive long-term growth potential.
NWVCF Stock Overview
EnWave Corp has developed an innovative process to dehydrate organic materials faster than anyone else on the planet. This has been a boon for the snack industry and it will be revolutionary for the cannabis industry.
EnWave’s disruptive technology, called “Radiant Energy Vacuum” (REV), allows producers to quickly and uniformly dry organic materials, shortening the time from harvest to shelf. (Source: “Investor Presentation August 2019,” EnWave Corp., last accessed September 11, 2019.)
The company’s low-cost REV technology is far superior to the most popular methods used today, air drying and freeze-drying. Thanks to control and consistency, using EnWave’s technology can cut the drying process from days to hours.
As a result, the company has a big presence in the food and pharmaceutical sectors and has been making major inroads in the cannabis industry.
EnWave generates revenue by securing royalty streams through the licensing of its technology, which is based on a percentage of sales or units produced. The company also makes money when it sells and installs its machines.
As mentioned earlier, EnWave also owns NutraDried Food Company, which sells all-natural cheese snacks under the Moon Cheese brand. They can be found in over 25,000 points of sale, including major chains.
|NWVCF Stock Information|
|Market Cap||$185.8 Million|
|Shares Outstanding||110.5 Million|
|50-Day Moving Average||$1.75|
|200-Day Moving Average||$1.65|
(Source: “EnWave Corp (NWVCF),” Yahoo! Finance, last accessed September 12, 2019.)
EnWave recently installed the first commercial-scale REV machine for cannabis processing in Canada. It installed a 60kW REV machine at Tilray Inc’s (NASDAQ:TLRY) facility in Ontario. (Source: “EnWave Announces 2019…