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To: kidl who wrote (48953)4/26/2019 8:50:02 AM
From: kidl  Respond to of 49402
 
EnWave Provides Additional Information Regarding Strategic Equity Investment by Aurora Cannabis Inc.

VANCOUVER, British Columbia, April 26, 2019 (GLOBE NEWSWIRE) -- EnWave Corporation (TSXV:ENW | FSE:E4U) (“EnWave” or the “Company”), a global leader in vacuum microwave dehydration technology, is pleased to provide further information relating to the $10 million strategic equity investment by Aurora Cannabis Inc. (“Aurora”) in the Company announced earlier today.

Pursuant to the terms of a share purchase agreement between the parties dated April 25, 2019, Aurora has purchased 5,302,227 common shares in the capital of EnWave (the “EnWave Shares”) at a deemed price of $1.886 per share, based on the volume weighted average trading price (“VWAP”) for EnWave’s shares on the TSX Venture Exchange (the “TSXV”) for the five (5) consecutive trading days to and including April 22, 2019. As consideration for the EnWave Shares, Aurora issued to EnWave 840,576 common shares in the capital of Aurora (the “Aurora Shares”) at a deemed price of $11.8966 per share, based on the VWAP for Aurora’s shares on the Toronto Stock Exchange for the five (5) consecutive trading days to and including April 22, 2019.

Each of the EnWave Shares and the Aurora Shares will be subject to a hold period of four months and one day from the date of issuance pursuant to applicable securities laws. The TSXV has provided conditional approval for the transaction.

EnWave intends to dispose of or otherwise transact in the Aurora Shares for the purpose of realizing the cash value of the strategic equity investment as soon as possible, and may enter into any number of arrangements, including but not limited to sale or lending transactions, in furtherance thereof.



To: kidl who wrote (48953)4/26/2019 9:42:12 AM
From: Claude Cormier2 Recommendations

Recommended By
jaubin
longz

  Read Replies (2) | Respond to of 49402
 
Indeed. ENW and the Cannabis market are really on the same track. There should be many more deals coming in the years ahead.

And we should still have that big deal with Bonduelle later this year. And what if that new product is announced by Walmart/ENW.

Love my warrants.



To: kidl who wrote (48953)4/26/2019 10:01:19 AM
From: Claude Cormier  Read Replies (1) | Respond to of 49402
 
BTW, I forgot again. What is the royalty they can obtain per gram?