Aurora Cannabis enters license deal with EnWave, making C$10 million investment
Aurora Cannabis Inc. ACB, -0.44% said Friday it has entered into a royalty-bearing licensing deal with EnWave Corp. ENW, -2.11% for the exclusive rights to EnWave's Radiant Energy Vacuum drying technology. The technology will be used for the production of cannabis materials in the European Union, excluding Portugal. Aurora's U.S.-listed stock slipped 0.1% in premarket trade. As part of the deal, Aurora has made a C$10 million equity investment in EnWave, for the purchase of 5.
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