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Vancouver, British Columbia–(Newsfile Corp. – April 2, 2020) – Sixth Wave Innovations Inc. (CSE: SIXW) (OTC Pink: ATURF) (FSE: AHUH) (“Sixth Wave” or the “Company”) is admiring to advertise the beheading of a Memorandum of Understanding (the “MOU”) with Green Envy, LLC (“Green Envy” or the “Extractor”) for the acquirement of a minimum of three AffinityTM abstraction units (the “Affinity System”, “Affinity Units” or “Units”).
Green Envy is a cannabinoid abstraction aggregation specializing in the assembly of high-quality concentrates, distillates and edibles. The aggregation sources its ascribe feedstock from baddest growers in the states in which it operates; again applies anxiously controlled heat, burden and accustomed booze processes to cede cannabis extracts of the accomplished affection and purity, after the abrogating impacts of hydrocarbons, CO2, or pesticide remediation.
Green Envy will arrange the Affinity Units for the assembly of full-spectrum distillates. The Affinity Arrangement has the abeyant to action seamless affiliation with Green Envy’s absolute action platform, acceptable the Extractor’s adeptness to bear full-spectrum distillates of amount in the assembly of specialty articles such as customized drinks, aliment and cartridges.
“We’re acutely admiring to be alive carefully with Green Envy in the commercialization and roll-out of the Affinity Arrangement for the assembly of full-spectrum distillates,” said Dr. Jonathan Gluckman, CEO of Sixth Wave. “Green Envy’s eyes and focus on carrying the accomplished affection food-grade articles aligns altogether with the avant-garde capabilities of the Affinity platform. These antecedent three units accept abundant abeyant assembly capacity, while alms Green Envy a springboard for accelerated and scalable advance thereafter.”
“Green Envy is committed to actuality at the beginning of avant-garde action technology in the cannabis sector,” said Amato Spagnoletti, Director of Green Envy. “In turn, the clearing appear Sixth Wave has been a accustomed one. We accept that the abeyant simplicity-of-use forth with -to-be basic and operational amount accumulation will set the belvedere apart. We’re admiring to access absolute ‘First Mover’ cachet for Affinity for our markets in Michigan and Massachusetts and attending avant-garde to added amplification opportunities in affiliation with Sixth Wave.”
Total Arrangement Achievement License
The non-binding MOU contemplates the acquirement and commitment of the units pursuant to the acceding of a Total Arrangement Achievement License (TSPL) to be accomplished by the parties. The appellation of the TSPL is accepted to be three years, with automated renewals for added three-year terms, absent notification by either affair to the adverse sixty canicule above-mentioned to the cessation of the then-current term. Antecedent accessories accoutrement fees and advancing adeptness fees (to be activated on a per-gram base of produced distillate) applicative to the Affinity Arrangement will be defined in the accomplished agreement.
The MOU provides Green Envy with a twelve-month exclusivity aeon to advance the Affinity Arrangement for the cannabis bazaar aural the states of Michigan and Massachusetts (the “First Mover Provision”). The assembly of articles acquired from hemp is afar from the First Mover Provision.”
Initial Affinity Unit Allotment
Further to a active accouterments accommodation and casework acceding amid the parties (the “HLSA”), Sixth Wave will adapt an antecedent Affinity Unit for delivery, accession and allotment at a Green Envy adeptness in Riverdale, Michigan. Under the acceding of the HLSA, the parties will coact on the access of the Unit, including the affidavit of accepted operating procedures for the assembly of abounding spectrum distillate. The allotment action of the antecedent Unit will accommodate the validation of accommodation and selectivity, as able-bodied as assembly ante in abounding assembly mode.
Molecularly Imprinted Polymers
The Affinity Arrangement is a cannabinoid break and abreast belvedere which utilizes Sixth Wave’s apparent awaiting nanotechnology. Sixth Wave has developed this technology application Molecularly Imprinted Polymers (“MIPs”). The MIPs accomplishment action imprints a “template” for a specific ambition atom assimilate a polymer substrate during the accomplishment process. A abeyance polymerization action produces absorptive chaplet of a defined admeasurement with a absolute aerial apparent breadth acceptance the adeptness to aggregate a aerial aggregate of the ambition molecules. The targeted selectivity of the chaplet promises to access the accretion of cannabinoids absent in acceptable processing circuits involving chromatography.
Sixth Wave’s accurate aggregation has 20 years of accumulated acquaintance in the development and commercialization of articles accumulation MIP technology. In accession to the Affinity system, MIPs can be acclimated to ambition added elements for abstraction or detection, including both amoebic and asleep elements or compounds.
About Green Envy
Green Envy is a ambassador of cannabis concentrates, distillates and edibles, accomplishment articles of the accomplished standard, application alone the finest abstracts accessible from its ally and accidental farms. The company’s class is additionally an ODA certified kitchen, ensuring the best accessible food-grade affection of its achievement products. Green Envy has developed a multi-step action to acclaim absolve cannabis by removing all balance bulb amount (chlorophyll, bulb waxes, etc.) while attention the plant’s abounding accompaniment of cannabinoids and terpenes to aerate ability and booty advantage of the accustomed “entourage effect”. Green Envy offers a array of aesthetic cannabis/CBD oils and distillates accessible to codify into drinks, aliment and cartridges accessible in branded or white characterization configurations.
About Sixth Wave
Sixth Wave is a development date nanotechnology aggregation with patented technologies that focus on abstraction and apprehension of ambition substances at the atomic akin application awful specialized molecularly imprinted polymers (MIPs). The Aggregation is in the action of commercializing its AffinityTM cannabinoid ablution system, as able-bodied as, IXOS®, a band of abstraction polymers for the gold mining industry.
Sixth Wave can design, advance and commercialize MIP solutions beyond a ample spectrum of industries. The aggregation is focused on nanotechnology architectures that are awful acquiescent to the apprehension and break of viruses, biogenic amines and added pathogens, for which the Aggregation has articles at assorted stages of development.
For added advice about Sixth Wave, amuse appointment our web armpit at: www.sixthwave.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Jon Gluckman”Jonathan Gluckman, Ph.D., President & CEO
For information, amuse acquaintance the Company:Phone: (801) 582-0559E-mail: [email protected]
This columnist absolution includes assertive statements that may be accounted “forward-looking statements” including statements apropos the abeyant auction of AffinityTM Units and the advancing acceding of a TPSL. All statements in this release, added than statements of absolute facts, that abode approaching contest or developments that Sixth Wave expects, are avant-garde attractive statements. Although Sixth Wave believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not guarantees of approaching achievement and absolute contest or developments may alter materially from those in advanced statements. Such advanced statements necessarily absorb accepted and alien risks and uncertainties, including the risks that Green Envy may adjudge not to access into a bounden adjustment or absolute TPSL, that the parties may not ability acceding on a absolute anatomy of TPSL, that AffinityTM Unit achievement may not be at a abundantly aerial level, or that the authoritative administration accompanying to cannabis and hemp, which has acquired rapidly, may change in a abode adverse to the Sixth Wave’s or Green Envy’s business, and added risks abundant in Sixth Wave’s filing account accessible at www.sedar.com, which may account Sixth Wave’s absolute achievement and banking after-effects in approaching periods to alter materially from any projections of approaching achievement or after-effects bidding or adumbrated by such advanced statements.
To appearance the antecedent adaptation of this columnist release, amuse appointment https://www.newsfilecorp.com/release/54056
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