Brief: EnWave Signs Equipment Purchase Agreement And Royalty-Bearing License For Drying Cannabis In New Zealand With Helius Therapeutics

Enwave

11/12/2019 14:54

Dec 11 (Reuters) - EnWave Corp  ENW.V :
    * ENWAVE SIGNS EQUIPMENT PURCHASE AGREEMENT AND
ROYALTY-BEARING
LICENSE FOR DRYING CANNABIS IN NEW ZEALAND WITH HELIUS
THERAPEUTICS LTD.
    * ENWAVE  - PURSUANT TO LICENSE, HELIUS HAS PURCHASED A 10KW
REVENUE MACHINE TO USE REVENUE TECHNOLOGY FOR COMMERCIAL
PRODUCTION OF DEHYDRATED MEDICINAL CANNABIS
    * ENWAVE CORP - UNDER TERMS OF LICENSE, HELIUS WILL PAY
ENWAVE A
USAGE-BASED ROYALTY BASED ON WEIGHT OF CANNABIS DRIED USING
REVENUE MACHINE
    * ENWAVE CORP - OTHER TERMS OF LICENSE, INCLUDING TERMS OF
SUB-LICENSING RIGHTS, ARE NOT DISCLOSED

Source text for Eikon:  ID:nGNXlJGL6 
Further company coverage:  ENW.V 

 ((Reuters.Briefs@thomsonreuters.com;))