EnWave Corp (TSX-V:ENW, OTC:NWVCF) CEO Brent Charleton talked with Proactive about the company’s latest equipment sale to BranchOut Foods and what it signals for future growth.
Charleton confirmed that BranchOut is acquiring a fourth large-scale vacuum microwave unit, which he said will “incrementally grow the royalty streams payback to EnWave.”
Charleton noted that BranchOut Foods has seen continued momentum, including repeat orders with major retailers such as Costco and Walmart, and is expanding into tropical fruit ingredients and fast food beverage applications.
A key point in the conversation was that the unit sold was a resale, originally bought back from a cannabis company, allowing EnWave to recognize “almost 100% of that revenue in Q4.”
This gives the company a strong close to its fiscal year ending this month.
Charleton added that most of the company’s estimated machine sales for fiscal 2026 are expected to come from existing royalty partners.
“More than half of those are coming from existing royalty partners who have already communicated the need for additional manufacturing capacity,” he said.
Looking ahead, EnWave aims to sell between six and eight large-scale units next fiscal year, up from four this year.
Charleton said this would allow the company to generate healthy EBITDA for the first time in its history.