Sixth Wave Innovations (SIXW.C) fired up its fund raising engines on Friday, looking to trade units for CAD$6 million, according to a press release.

The company is planning to put the funds towards their cannabis extraction technology, developing their COVID-19 detection technology and for general working capital.

The company is in the process of rolling out their Affinity cannabinoid purification system and IXOS line of extraction polymers for the gold mining industry.

Sixth Wave is a nanotechnology company with technology patents focusing on extraction and detection of substances at the molecular level. They use something called AMIPS, which stands for accelerated molecularly imprinted polymers.

Molecularly imprinted polymers (MIPS) are artificial polymers designed to capture and extract materials through cloning. The intent behind the tech is to replace existing extraction methods in both the cannabis production and gold mining sectors, thereby delivering process improvements, improving cost, and producing higher yields.

Equity guru’s own Lukas Kane covered this in detail earlier this month.

Ultimately, the goal will be to have an AMIP capable of being deployed in a wide range of applications, including;

  • Smart-clothing
  • PPE applications
  • Airborne sensors
  • Breathalyzers
  • ELISA-based technologies
  • Cartridge/lateral flow designs

Each unit will go at a subscription price of $0.30 and will include one share and a purchase warrant, giving the right to buy one more share at $0.50 for two years.

Source: stockwatch.com

Shares dipped by $0.045 today and are trading at $0.415.

—Joseph Morton

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

Written By:

Joseph Morton

Joseph is a Vancouver-based author and journalist with both a communications degree and journalism diploma (and a few novels) under his belt. His joie de vivre is to spin difficult technical topics into more human-centric narratives. Buy him a coffee and he'll talk your ear off for hours about privacy issues, blockchain, cryptocurrency and martial arts. Don't talk to him if you're either a tomato, a bully, or if you're not a fan of either 1984 or Tender is the Night. No. You can still talk to him. Just be prepared to be told why you're wrong.

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