EnWave's (ENW.V) (NWVCF) patented technology pasteurizes and uniformly dries cannabis in its natural state, without any additives, in under one hour, dramatically shortening the time from harvest to marketable products and circumvents the need to transport medical cannabis to highly-specialized and expensive off-site decontamination facilities. EnWave's continuous high-volume REV drying process is energy efficient and eliminates the need for large-scale in-house drying rooms and the associated potential for product loss due to mold growth during the traditional multi-day drying process. The automation of the drying process by EnWave's scalable REV machinery is expected to reduce personnel costs and provide a highly cost-effective
solution for high-quality cannabis production.Their machines do not affect THC or CBD content. They sell their machines to marijuana producers and collect royalties on the production.
They have a agreement with Tilray which is a licensed weed producer.Tilray plans to produce 74 metric tons of weed.
That would convert to 74 million grams.At a price of $5 per gram and a royalty of 2% which is EnWaves
minimum royalty that would come out to a royalty opportunity of $7.4 million dollars. Tilray can also sub-liscense to other producers. Tilray operates in Canada, Germany, Portugal, Australia and New Zealand. Canada has a $8 billion market.
Germany and Portugal combined have a $15 billion market.Australia and New Zealand combined have a $2 billion market.
This is a combined market size of $25 billion.
At a royalty of 2% this is a $500 million market opportunity.
That's not counting any potential expansion into other countries. EnWave is a relatively unknown company. If they sign a deal with a major producer they are likely to get a lot more attention.
