EnWave Corporation announced that it has signed a Technology Evaluation and License Option Agreement (the "Agreement") with a North American multi-state cannabis company (the "Cannabis Cultivator"), to lease a 10kW Radiant Energy Vacuum ("REV??") dehydration machine to evaluate the value proposition of REV?? technology over incumbent drying methods. The Cannabis Cultivator's evaluation is expected to complete before the end of June 2024.

If the evaluation is deemed successful, EnWave expects to grant a commercial license and sell REV?? equipment to the Cannabis Cultivator.