Generates Net Revenue of $98.9 Million, Up 52% From Prior Quarter Cannabis Net Revenue Increases 61% to $94.6 Million From Prior Quarter Reports Gross Margin on Cannabis Net Revenue of 58%

NYSE | TSX : ACB

EnWave Corporation (TSX-V:ENW | FSE:E4U) ("EnWave", or the "Company") reported today that it has signed a royalty-bearing commercial license agreement (the "License") with Kameya Foods Corporation ("Kameya Foods"). Established in 1947, Kameya Foods started as a Japanese pickle manufacturing company in Shinshuku, Shimizu-cho. Situated in an agriculturally diverse environment, it has access to a variety of local, high-quality raw materials, which include some of Japan's best-quality wasabi grown at the edge of Mt. Amagi, fresh vegetables and seafood from Suruga Bay. Under the terms of the License, Kameya Foods purchased a 10kW commercial Radiant Energy Vacuum ("REV(TM)") machine to initiate commercial production in Japan.