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Sixth Wave Innovations (SIXW.C) gets 20% bump as they close out their beta version of cannabinoid purification system

02/16/2021

Sixth Wave Innovations (SIXW.C) is in the final stages of preparing their beta version for its cannabinoid purification system, according to a press release.

The initial unit will be put through a series of performance tests at the company’s Maryland research facility, and is expected to be finished in the next few weeks. The lab test work will put together their standard operating procedures for the unit, and demonstrate all of its operating cycles in a continuous circuit—including the load phase, wash, elution, cleaning and reconditioning.

“The key features of Affinity — faster processing speeds, lower capital and operating costs, and exacting levels of precision — are in high demand for an industry looking to accommodate major markets now opening in the U.S. and internationally. What’s more, the Affinity platform promises to be rapidly scalable to virtually any level of mass production volume, an indispensable feature for an industry now forecasted to experience exponential growth through 2023 and beyond,” said John Cowan, COO of Sixth Wave.

Sixth Wave Innovations is a nanotechnology company working on extraction and detection of target substances at the molecular level using highly specializing Molecularly Imprinted Polymers (MIPs). The Affinity cannabinoid purification system is one of their products, but they’re also involved in a line of extraction polymers for the gold mining industry called IXOS, and they’re in the developmental stages of a rapid diagnostic test for viruses under the Accelerated MIPs label.

They’ll deliver an upgraded ten-column version (10CU) of its product to Green Envy Extracts of Michigan when the performance tests are complete, after which it’ll be submitted to a series of parallel test against well known purification technology. The 10CU configuration will operate for a period of 60-90 days to complete head to head testing and optimize the system for use with the Green Envy cannabis extracts.

The company will then complete its production-scale proof of concept work by upgrading the unit from a 10-column configuration to a 20 (20CU) on site at the Green Envy facility. The 20CU will be the full size version of the Affinity platform.

Source: stockwatch.com

Sixth Wave had a 20% bump today on the news, and they’re presently trading at $0.48.

—Joseph Morton

Full disclosure: Sixth Wave Innovations is an equity.guru marketing client.

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