Mr. Brent Charleton reports

ENWAVE SIGNS COMMERCIAL LICENSE WITH MAJOR CANADIAN CANNABIS COMPANY, SELLS 120KW RADIANT ENERGY VACUUM MACHINERY

EnWave Corp. has signed a royalty-bearing commercial licence agreement with an undisclosed major Canadian cannabis company. Pursuant to the licence agreement, the cannabis partner has been granted the non-exclusive right to use EnWave's proprietary radiant energy vacuum (REV) dehydration technology to produce cannabis products in Canada.

The cannabis partner has also acquired a 120-kilowatt REV machine, which it intends to use for the production of premium smokable flower, cannabis plant material destined for extraction and several edible products. EnWave will hopefully install and commission this machine at the cannabis partner's facility in a shorter time period than normal, as the machinery has been fully fabricated and is ready for deployment.

The machinery was purchased back from a United States cannabis licensee of EnWave whom satisfied all payment obligations but never took possession of the equipment due to operational challenges. The amount paid to acquire the machinery from the U.S. cannabis licensee for resale allows for EnWave to realize a margin comparable with the margin that would be recognized from the manufacture and sale of a new 120-kilowatt REV machine. Concurrent with the buyback of the machinery, the U.S. cannabis licensee and EnWave mutually agreed to terminate the licence agreement held between the two entities.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Vancouver, B.C., EnWave has developed a robust intellectual property portfolio, perfected its REV technology, and transformed an innovative idea into a proven, consistent and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality and cost.

We seek Safe Harbor.