EnWave Corporation reported that EnWave has signed a royalty-bearing commercial sublicense with Your Wasabi Farms Ltd. (YWF), an existing royalty partner of EnWave. The Agreement grants YWF the right to use the company’s proprietary Radiant Energy Vacuum (“REV™”) dehydration technology to dry cannabis plant material, enabling YWF to dry industrial hemp in Canada. The Agreement represents a new alternative for the deployment of EnWave’s REV™ technology as Your Wasabi Farms will act as a toll processor, providing smaller licensed independent industrial hemp growers and large industrial hemp growers with capacity limitations with the ability to access EnWave’s, proprietary drying technology. YWF will utilize its installed REV™ equipment to initiate commercial toll-processing under the Agreement. The Agreement enables YWF to expand its use of the EnWave equipment to dry industrial hemp, and marks EnWave’s second sub-license agreement for the commercial use of its proprietary REV™ technology within this rapidly growing global market. EnWave’s strategy is to commercialize its proprietary REVTM technology globally under its licensing and royalty business model.