Enwave corporation

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Dromers
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Re: Enwave corporation

Bericht door Dromers »

Wat een gedoe hier 😔 hoop ooit verlies goed te krijgen, ziet er niet goed uit.

EnWave Files Claim Against Former CEO and Others
GlobeNewswireJul 30, 2021 10:14 PM EDT
VANCOUVER, British Columbia, July 30, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announces that it has filed a lawsuit in the Supreme Court of British Columbia against several defendants, including Timothy Durance, three other former EnWave employees Gary Sandberg, Bino Anand and Reihaneh Noorbakhsh and three companies associated with Mr. Durance, including Dehydration Research, LLC and Durance Technologies, Inc.

EnWave is also pursuing claims against Primo Fabrication LLC, BC Hop Company Ltd., Dwayne Stewart, who is BC Hop Company Ltd.’s President, several companies doing business as Peregrine Precision Systems and Sean McLean, who is a principal of Peregrine Precision Systems.

Mr. Durance was EnWave’s CEO from 1999 until his departure from EnWave in August 2018.

EnWave, in its Notice of Civil Claim, alleges that Mr. Durance and other defendants associated with Mr. Durance have used and disclosed EnWave’s confidential information in breach of obligations owed to EnWave. The Notice of Civil Claim seeks damages, an accounting of profits and injunctive relief.


JBrightside
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Re: Enwave corporation

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Dromers schreef:
31 jul 2021 06:33
Wat een gedoe hier 😔 hoop ooit verlies goed te krijgen, ziet er niet goed uit.

EnWave Files Claim Against Former CEO and Others
GlobeNewswireJul 30, 2021 10:14 PM EDT
VANCOUVER, British Columbia, July 30, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announces that it has filed a lawsuit in the Supreme Court of British Columbia against several defendants, including Timothy Durance, three other former EnWave employees Gary Sandberg, Bino Anand and Reihaneh Noorbakhsh and three companies associated with Mr. Durance, including Dehydration Research, LLC and Durance Technologies, Inc.

EnWave is also pursuing claims against Primo Fabrication LLC, BC Hop Company Ltd., Dwayne Stewart, who is BC Hop Company Ltd.’s President, several companies doing business as Peregrine Precision Systems and Sean McLean, who is a principal of Peregrine Precision Systems.

Mr. Durance was EnWave’s CEO from 1999 until his departure from EnWave in August 2018.

EnWave, in its Notice of Civil Claim, alleges that Mr. Durance and other defendants associated with Mr. Durance have used and disclosed EnWave’s confidential information in breach of obligations owed to EnWave. The Notice of Civil Claim seeks damages, an accounting of profits and injunctive relief.
Ja zoals ik eerder al zei, gewoon compleet incompetent management al hoop ik dat ze wakker geworden zijn intussen en met het buitensmijten van die incompetente Nutradried CEO en nu de gerechtelijke stappen tegen ex-CEO van Enwave die gewoon bedrijfsinfo heeft doorverkocht, lijkt me toch dat men de zaken er eindelijk serieus aanpakt. Hopelijk...
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ancaoli
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Re: Enwave corporation

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EnWave Shareholder Update

Vancouver, B.C., August 3, 2021

Given the series of recent developments at EnWave over the last several months, we thought it would be best to send a letter to shareholders to provide an update on a number of areas within our business. Topics covered include the general state of affairs, NutraDried’s ongoing turnaround, and the lawsuit filed against EnWave’s former CEO, as well as details for our Q3 earnings release.

General State of Affairs
Through Fiscal 2021 we’ve continued to improve and accelerate the commercialization of our patented Radiant Energy Vacuum (REV™) technology broadly across several major markets. We also took decisive action to correct NutraDried’s course in February, sparking a turnaround that will be evident in coming quarters. Notwithstanding the business challenges presented by the pandemic, we’ve managed to generate record gross margins, adjusted EBITDA and profit in our machine sales and royalty generation business unit.

NutraDried Turnaround
We initiated the restructuring of NutraDried’s operations in February, which had us rip out many discretionary and several unnecessary expenses within this business unit. We hired an accomplished new CEO, Brad Lahrman, who has seamlessly fit into our core management team. It’s early, but we are very happy with Brad’s leadership, pragmatic planning and proactive ‘get it done’ attitude. Velocities have improved over prior year, the business has generated material new bulk sales orders and both revenue and margin are trending in the right direction. There is still lots of work to do, but we are bullish on a strong turnaround from the very poor performance reported in Q1 and Q2 fiscal 2021.

We anticipate that NutraDried’s future growth will be driven by continued velocity improvement and expanded distribution, substantial increases to our bulk product sales, (which has a nice, clean, healthy margin profile) and from our new product innovation pipeline, which we think will win us further new distribution. We recently launched our Protein Blitz Mix product line and plan to complement our existing Moon Cheese format with an additional format later this year. Winning back rotational distribution in Costco is still very much a target for our NutraDried sales team and we feel these new product formats could provide the spark to light the fire again in the club channel for us.

Lawsuit Against Former CEO and Others
We’ve always stated that EnWave will vigorously protect the foundation of our business - our proprietary technology and intellectual property, which includes our patents, trademarks, know-how and machinery. Last Friday night we announced the filing of a Notice of Civil Claim in the B.C. Supreme Court that alleges EnWave’s former CEO, Mr. Tim Durance and other defendants associated with Mr. Durance have used and disclosed EnWave’s confidential information in breach of their obligations and covenants with EnWave. The Notice of Civil Claim seeks damages, an accounting of profits and injunctive relief.

A few hours prior to issuing Friday’s news release, we served Mr. Durance with the Notice, which triggered our public disclosure. We intend to aggressively pursue this case with all legal means at our disposal to safeguard our intellectual property and we are confident about the outcome.

It is beyond the scope of this letter to summarize the claims EnWave is pursuing in its Notice of Civil Claim. The Notice of Civil Claim is a public document. If you would like to review the filed Notice of Civil Claim, please direct an email to info@enwave.net requesting a copy and we will send it to you.


Q3 Fiscal Reporting
We expect to publish our Q3 interim consolidated financial statements and MD&A in the afternoon of August 26th, 2021. We will also hold an investor conference call the following morning on the 27th. Details of this call will be distributed a few weeks in advance. We are excited to review our Company’s progress and highlight some of the exciting projects that are evolving quickly, including work with the U.S. Army, intensifying interest from big pharma, several legitimate cannabis deals, prospective manufacturing scale-ups with existing royalty partners and the start-up of REVworx™, our toll manufacturing operation.

Thank you for your ongoing support as an EnWave shareholder and I hope you can join us at our investor call on August 27th.

Very best regards,

Brent Charleton, CFA
CEO and President
EnWave Corporation
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marcator
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Re: Enwave corporation

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mijn ogen lopen vol van emotie bij het lezen van deze mooie brief van de CEO - eerder een smeekbede aan de aandeelhouders om toch niet te gaan lopen … mijn ENW portefeuille loopt ondertussen ook stilaan weer overvol … hoeveel mensen zijn nog bereid om bij te kopen terwijl de koers gewoon blijft slabakken … wetende dat het bedrijf zelf ook aandelen aan het inkopen is (zoals ze eerder dit jaar aangekondigd hebben), en toch beweegt de koers niet.
Er zitten heel wat beloftevolle ontwikkelingen in de brief maar vele ervan duren jaaaren om geld te beginnen opleveren.
Hopelijk komen ze met betere cijfers op 26 Augustus , anders zal het huidige dweilen van de koers niet volstaan.
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marcator
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Re: Enwave corporation

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artikeltje dateert al van October vorig jaar, maar geeft wel breed overzicht over het bedrijf en alle fronten waarop ze actief zijn :

https://www.never-stop-asking.com/blog/ ... ward-ratio
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Dromers
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Re: Enwave corporation

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26 augustus zal het erop of eronder zijn. Bij slechte cijfers zie ik het hier niet meer goed komen. Geen nieuws ( buiten enkele verkopen van steeds kleine machines), weinig volume, rechtszaken en de jaren grootspraak van winst te maken.


EnWave to Report Third Quarter 2021 Financial Results on August 26, 2021 and Host Investor Conference Call
GlobeNewswireAug 19, 2021 9:00 AM EDT
VANCOUVER, British Columbia, Aug. 19, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company"), a global leader in vacuum-microwave dehydration technology, announced today it will report its financial results for the third quarter of fiscal year 2021 ended June 30, 2021 on Thursday, August 26, 2021 after market close. The financial statements and MD&A will be available on SEDAR at www.sedar.com and on the Company’s website in the late evening Vancouver time.

The Company has scheduled a conference call to discuss the results for the Q3 2021 and business outlook on Friday, August 27 th , 2021 at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time). Brent Charleton, Chief Executive Officer and Dan Henriques, Chief Financial Officer will host the call and a question and answer period.

Conference Call Details:

Date: August 27, 2021
Time: 7:00am PDT / 10:00am EDT
Participant Access: 1-877-407-2988 (toll free number)
Webcast: https://78449.themediaframe.com/datacon ... ndexl.html

Dromers
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Re: Enwave corporation

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Er zijn er die al beginnen met de aandelen buiten te gooien, zal hier weer klinken als koop momenten.

JBrightside
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Re: Enwave corporation

Bericht door JBrightside »

Volgens mij is het te vroeg om nu al resultaat te verwachten van de ingrepen die ze doorgevoerd hebben in Q1-2, ik verwacht nu stagnatie en meer info over betere marketing van mooncheese en aanverwante snacks, nieuwe retail contracten,... en dus pas vanaf Q4 lichte verbetering in de cijfers. Ik was sowieso ingestapt omwille van het mooncheese/snacks verhaal en niet voor de licenties voor canabisdrogers waar ik totaal niet in geloof.

We zullen wel zien, mijn vertrouwen in het management is alleszins weg en ten gepaste tijde (dwz break even) vliegen ze allemaal buiten om deze reden maar niet gebaseerd op de cijfers van Q3.

marcator
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Re: Enwave corporation

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Aurora Cannabis delivers initial shipment of dried medical cannabis for French pilot program
Aug. 25, 2021

Aurora Germany GmbH, a subsidiary of Aurora Cannabis (NASDAQ:ACB) and Ethypharm have successfully delivered their initial shipment of cannabis to the French medical cannabis pilot program, set to begin serving patients in the coming weeks.
Aurora and Ethypharm were selected by the National Agency for the Safety of Medicines and Health Products to supply the entire medical cannabis dried flower range (three lots of the tender) during the pilot program.
Aurora Nordic, the Company's EU GMP production facility is committed to providing sufficient and consistent supply of dried medical cannabis.
There are three types of high-quality pharmaceutical-grade dried flower medical cannabis available in the pilot program: Aurora 20/1 XPE (high-THC dried flower), Aurora 8/8 XPE (THC:CBD balanced dried flower) and Aurora 1/12 XPE (high-CBD dried flower).
Up to 3,000 patients will benefit from the two-year trial.
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marcator
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Re: Enwave corporation

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Weinig optimisme bij de analysten voor de cijfers, maar dat vertelt de huidige koers ons ook al wel, en die gasten lopen altijd de feiten achterna.

Enwave will be releasing earnings Q3 on August 26.
Analysts expect Enwave will release losses per share of CAD.

2 analysts predict losses of CAD 0.010 per share as opposed to losses of CAD 0.010 per share in the same quarter of the previous year.
Analysts expect sales to increase by 1.83% over the previous year's quarter to CAD 6.1 million.

Looking at the full year, analysts expect a loss of CAD 0.045 per share. In the previous year there was a loss of CAD 0.040 per share.

This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners.
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