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Aurora Cannabis and EnWave Corporation Enter Global Licensing Arrangements
Aurora Cannabis and EnWave Corporation Enter Global Licensing Arrangements Canada ...
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[{"type":"text","content":"\n\n\n\nAurora Cannabis and EnWave Corporation Enter Global Licensing Arrangements\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON and VANCOUVER, April 26, 2019\n\n\n\nEstablish Intellectual Property Partnership and $10 Million Strategic Equity Investment\nNYSE | TSX: ACB    TSX-V: ENW \n EDMONTON and VANCOUVER, April 26, 2019 /CNW/ - Aurora Cannabis Inc. (\"Aurora\" or the \"Company\") (TSX: ACB) (NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM) and EnWave Corporation  (TSX-V:ENW) (FSE:E4U) (\"EnWave\") announced today that the companies have entered into a royalty-bearing commercial license agreement (the \"License\"), providing Aurora with the exclusive rights to EnWave's patented Radiant Energy Vacuum (REVTM) drying technology for the production of cannabis materials in the European Union, excluding Portugal. Aurora has also secured exclusive license options for both Australia and South America, excluding Peru, exercisable pursuant to minimum REV™ machine purchase order requirements. Additionally, Aurora has signed a non-exclusive sub-license (the \"Sub-License\") to use REV™ technology in Canada. \n\n \n \n\n \nThe companies furthermore announce that Aurora has placed a purchase order for two of EnWave's 120kW REVTM dehydration systems for its Aurora Sky and Aurora Sun facilities in Canada, as well as the intention to purchase a third 120kW REVTM dehydration system for its Aurora Nordic facility in Denmark within sixty days. The REVTM dehydration systems will be used to increase throughput of material for extraction and use in derivative cannabis products. Aurora has also acquired a 10kW pilot-scale REV™ machine for product ...