Cannabis edibles are easily the most popular items in the sector and companies in the space haven’t slowed down offering new exciting products to market for consumers. The newest addition to the ever-growing space is a line of cannabis-infused vegan and dairy ice cream created by Boston-based ice cream brand Emack & Bolio and multi-state cannabis company MariMed. Of course, innovative cannabis edibles are nothing new, with everything from cannabis-infused chocolates, wines and even cooking oils popping up in stores. In order to hold onto their share of the market, companies like Hexo Corp. (NYSE:HEXO) (TSX:HEXO), OrganiGram Holdings Inc. (NASDAQ:OGI) (TSX:OGI), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), and Tilray, Inc. (NASDAQ:TLRY) are continuously pushing the boundaries of what is possible in the cannabis 2.0 space. One company that stands to benefit from ongoing innovation in the space is Sixth Wave Innovations Inc. (CSE:SIXW) (OTC:SIXWF), a nanotechnology company that has developed a system that allows cannabis companies to create high purity distillates for their products with less machinery, manpower and money.
Sixth Wave Innovations Inc. (CSE:SIXW) (OTC:SIXWF) is a nanotechnology company innovating in the cannabis extraction space through the development of its Affinity cannabis purification technology. The Affinity system uses the company’s patent-pending Molecularly Imprinted Polymer (MIP) technology to take winterized and partially winterized crude cannabis oils and eliminate distillation and chromatography, while yielding high purity distillates and isolates to be used in cannabis edibles and other products. The Affinity System reduces sources of product loss, creates a higher value output product due to the higher purity of the product, reduces OPEX and space requirements, and allows for continuous operation through batch processing to achieve higher processing efficiency and volumes.
In July, Sixth Wave Innovationscompleted the initial Design for Manufacturing of its Affinity System and gave Advanced Extraction Systems Inc. (AESI) approval of the design and bill of materials and commissioned delivery of its first system. The system is expected to be ready for wet testing in late September and ready for shipment to Sixth Wave’s proving laboratory in Maryland shortly thereafter. The Affinity System can be manufactured modularly, making it more flexible and cost-effective to modify in the future according to customer requirements prior to delivery.
On August 5, Sixth Wave Innovationsfinalized the commercial system design for the Affinity system and remains on schedule to deliver the first three Affinity Systems to Green Envy Extracts in Q4 2021. The company expects to take delivery orders from additional customers later this year, then accelerate its manufacturing capacity going into 2022.
“I’m excited that we have reached the last phase of testing before rolling out our first Affinity units to our commercial partner,” saidPresident and CEO of Sixth Wave Dr. Jonathan Gluckman. “All the data from our research and development work indicates that Affinity units can eliminate winterization and produce high-purity, full-spectrum distillates that consumers demand, both for recreational and medicinal purposes.”
Cannabis Edibles and Flower Industry Expands Its Reach Through Innovation and Partnerships
Hexo Corp. (NYSE:HEXO) (TSX:HEXO) is trying to achieve its goal of being in the top two positions in Canada through acquisitions. The company announced it has entered into a definitive arrangement agreement to acquire all of 48North’s issued and outstanding common shares in an all-share transaction valued at approximately $50 million. This will bring 48North’s product portfolio under the Hexo umbrella, and strengthen the company’s position and market penetration.
OrganiGram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) is also growing, with revenues up 51% quarter-over-quarter in Q3 2021 at $29.1 million and 31% YoY. In April, Organigram completed the acquisition of Edibles & Infusions Corp. (EIC) to bolster its cannabis edibles offerings. EIC, which was co-founded by AgraFlora Organics International Inc. and Cavalier Candies CEO James Fletcher, offers a purpose-built, highly-automated, 51,000-square-foot manufacturing facility in Manitoba.
Canadian company Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB) is an industry leader, and is taking its business around the world. The company announced on July 15 that it had delivered a single cannabis shipment worth approximately C$8 million. This constitutes one of the largest shipments the country has ever received, and is a major step toward advancing the company’s mission in the international medical business.
Global cannabis titan Tilray, Inc. (NASDAQ:TLRY) recently expanded its offerings in Canada with the launch of its medical cannabis edibles in THC and CBD-rich varieties in different forms including chocolates and soft chew gummies. Patients across Canada will not be able to purchase Tilray’s edibles; a new addition to its highly comprehensive offerings including whole flower, oils, vapes, cannabis medicines, and even pre-rolls.
The first delivery of the Affinity system continues to approach for Sixth Wave. With testing estimated to be completed in the near future, updates will be highly anticipated.
To learn more about the Affinity system and Sixth Wave, click here.
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Sixth Wave Innovations Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Sixth Wave Innovations Inc.’s industry; (b) market opportunity; (c) Sixth Wave Innovations Inc.s business plans and strategies; (d) services that Sixth Wave Innovations Inc. intends to offer; (e) Sixth Wave Innovations Inc.’s milestone projections and targets; (f) Sixth Wave Innovations Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Sixth Wave Innovations Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Sixth Wave Innovations Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Sixth Wave Innovations Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Sixth Wave Innovations Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Sixth Wave Innovations Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Sixth Wave Innovations Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Sixth Wave Innovations Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Sixth Wave Innovations Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Sixth Wave Innovations Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Sixth Wave Innovations Inc.’s business operations (e) Sixth Wave Innovations Inc. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Sixth Wave Innovations Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Sixth Wave Innovations Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Sixth Wave Innovations Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Sixth Wave Innovations Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Sixth Wave Innovations Inc. or such entities and are not necessarily indicative of future performance of Sixth Wave Innovations Inc. or such entities.
