EnWave Corp (NWVCF)

[Dromers]

ENW Globe says James's Hansen keeps EnWave at "outperform" - Canada Stockwatch

EnWave Corp
Tuesday September 28 2021 - In the News

The Globe and Mail reports in its Tuesday, Sept. 28, edition that Raymond James analyst Steve Hansen continues to rank EnWave "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen has no specified share target for EnWave. Analyst on average, however, target the shares at $1.53. Mr. Hansen believes EnWave is poised to make further inroads into the cannabis sector with its Radiant Energy Vacuum technology. On Thursday, it announced a royalty-bearing commercial licence agreement with a second large U.S. cannabis multi-state operator. Mr. Hansen says in a note:
"We view this latest news as further validation that EnWave's proprietary REV technology and associated Terpene Max drying protocol are poised to gain further adoption across the U.S. cannabis sector. Prior to committing to the technology, we note this latest MSO reportedly conducted extensive bench-marking trials across multiple strains in order validate REV's advantages over incumbent drying methods, ultimately proving out improved terpene and cannabinoid retention. As news of this commercial commitment spreads, we can only surmise that other major MSOs will likely want to follow in some fashion."