Sixth Wave Signs MOU with Retro Cannabis and Hemp Extracts for Delivery of Affinity(TM) Production and Commercial Demonstration Facility

Sixth Wave Signs MOU with Retro Cannabis and Hemp Extracts for Delivery of Affinity(TM) Production and Commercial Demonstration Facility
CANNANNEW REPORT

Halifax, Nova Scotia–(Newsfile Corp. – May 19, 2022) – Sixth Wave Innovations Inc. (CSE: SIXW) (OTCQB: SIXWF) (FSE: AHUH) (“Sixth Wave” or the “Company“) is pleased to announce the execution of a Memorandum of Understanding (the “MOU“) with Retro Cannabis and Hemp Extracts (“Retro”) signed May 6th, 2022 for the purchase and operation of the AffinityTM cannabinoid purification system (the “Affinity™ System“). Retro is a microprocessor located in Atlantic Canada with strong and trending growth expectations in the coming year. The installation will be a Discovery version of the Affinity™ System which allows compliant processing under the existing license. Retro is a sister company to Advanced Extractions Systems Inc. (“AESI”) and operates within the AESI facility. As previously announced, AESI will manufacture all Affinity™ System hardware for Sixth Wave. Dr. Jon Gluckman, President and CEO of Sixth Wave, states, “The installation of the Discovery System at Retro is a great opportunity for us to develop a new customer and install a working unit at our manufacturer that focuses AESI expertise and operational knowledge on the Affinity™ System. The flexibility to process high THC cannabis on-site at Retro and process material from other extractors will facilitate continued process and design improvements. Further, we can design the parameters for complete pre-delivery configuration setup at AESI prior to system delivery to our other customers. This integration of a processing customer and our manufacturing team is a unique opportunity to strengthen our sales and distribution process. Retro and AESI, in concert with Sixth Wave, will utilize the Discovery operating system as a ‘commercial demonstration facility’ for other licensed producers and potential customers. They can evaluate and compare the Discovery System with our full size Affinity™ System to completely understand the value proposition and efficiency of the System.” Peter Toombs, CEO of Retro and AESI, states, “We are excited to create synergy with Sixth Wave on…

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Source : Sixth Wave Signs MOU with Retro Cannabis and Hemp Extracts for Delivery of Affinity(TM) Production and Commercial Demonstration Facility

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