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0 0 0.0196078431372549 0.0228758169934641 0.0261437908496732 0 -0.00653594771241831 0.0261437908496732
Stock impact report

EnWave Sells 100kW Radiant Energy Vacuum Machine to BranchOut Foods Inc. [Financial Post (Toronto, Ontario, Canada)]

BranchOut Food Inc. (BOF) 
Company Research Source: Financial Post
VANCOUVER, British Columbia, May 24, 2024 (GLOBE NEWSWIRE) — EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed an equipment purchase agreement (the “EPA”) with BranchOut Foods Inc. (NASDAQ: BOF) (“BranchOut”), a leading food technology company specializing in dehydrated fruit and vegetable-based products. BranchOut requires additional Radiant Energy Vacuum (“REV®”) drying capacity to meet the increasing demand for their premium, healthy fruit and vegetable products. This is the third large-scale REV ® machine purchased by BranchOut. Article content Pursuant to the EPA, BranchOut has purchased a completely refurbished 100kW nutraREV ® machine (the “100kW Machinery”), which was formerly being used by NutraDried Food Company, EnWave's former operating subsidiary. The Company will realize a healthy margin and profit from this strategic redeployment given the 100kW Machinery is available for near-term shipment to BranchOut's newly Show less Read more
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