Aurora Cannabis, EnWave Strike Global Licensing Deal

Aurora Cannabis Inc. (NYSE: ACB) and EnWave Corporation (OTC: NWVCF) announced Wednesday that they have entered into a royalty bearing commercial license agreement.

What Happened

Aurora will be provided exclusive rights to EnWave’s patented drying technology, Radiant Energy Vacuum or REV, in the European Union with the exception of Portugal. 

Aurora also secured license options in Australia and South America excluding Peru. The deal is pursuant to minimum REV machine purchase order requirements, the companies said.

In Canada, the companies entered into a non-exclusive sub-license to use REV technology.

Aurora has also made a $10-million strategic equity investment in …

Full story available on Benzinga.com

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