Enwave Corporation (OTCMKTS: NWVCF), which is based in Canada, licenses, installs, and builds commercial-scale dehydration platforms that are applied to many different sectors such as food and pharmaceutics.
It holds exclusive patents to REV (Radiant Energy Vacuum) technology, which is a preservation method, with drying times six times faster than freeze-drying and 24 times faster than standard dehydration, has energy efficiency, and has precise moisture customization. This can be especially potent for the cannabis industry as it can take up to 15 days to dry cannabis with normal means, which gives rise to many concerns such as mold growth. With REV technology, this 15-days-process shrinks to just 40 minutes.
Currently, the company’s main source of income is through its sale of dehydrated cheeses. Yet, there is potential for growth for this company in the cannabis market given the importance of REV technology in driving down production costs. With a number of exclusive agreements with cannabis companies (such as Tilray and Aurora Cannabis), Enwave will require one’s patience as these partnerships take time to play out.