The drive to build alliances among cannabis producers and distributors produced exciting news Thursday.
The Green Organic Dutchman Holdings (TSX:TGOD) joined with EnWave Corporation (TSX-V:ENW) and Tilray, Inc. (NASDAQ:TLRY) for a deal granting Green Organic the right to use EnWave’s proprietary Radiant Energy Vacuum dehydration technology to dry organic cannabis in Canada.
Also, TGOD has signed an equipment purchase agreement and submitted a purchase order to EnWave for a large-scale 60kW commercial REV™ machine to initiate commercial production in Canada.
The pact further expands the application of EnWave’s REV™ technology within the rapidly growing global medical and adult-use cannabis market.
TGOD’s stock hurtled 12 cents, or 4.5%, to $2.79, on volume of just over two million shares.