Benzinga | Aug 26, 2021 12:14PM EDT

EnWave Teams Up With Dole Worldwide Food & Beverages To Develop Innovative Nutrition Solutions

Cannabis-focused advanced technology company EnWave Corporation (TSXV:ENW) (OTC:NWVCF) and Dole Worldwide Food & Beverages Group, a division of Dole Asia Holdings Pte. Ltd., are looking to form a global strategic partnership to develop Innovative Nutrition Solutions using fruits and vegetables.

This is not the first time the two companies are joining forces, considering they have been collaborating since late 2020.

Dole has already ordered EnWave's patented equipment to accelerate internal product development and allow for focused market trials in select regions. EnWave's Radiant Energy Vacuum technology enables the production of innovative, nutritious, and convenient food applications by providing a gentle, rapid drying solution.

The Vancouver-based company has been partnering with cannabis companies as well, including the Canadian cannabis giant Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB).

Over the past year, EnWave strengthened its leadership team on several occasions, including the appointment of Pablo Cussatti, who agreed to serve on its board of directors, and the appointment of CFO Dan Henriques to the chief operating officer at NutraDried as part of its restructuring to improve margins and streamline operations across the business.

Price Action

EnWave Corporation's shares traded 6.97% higher at $0.7557 per share at the time of writing, Thursday morning.

Photo: Courtesy of Chris Liverani on Unsplash