UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

   Pursuant to Sections 13 or 15(d) of the Securities and Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 2, 2003
--------------------------------------------------------------------------------


                          WAVERIDER COMMUNICATIONS INC.
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)


                                     NEVADA
--------------------------------------------------------------------------------
         (State or other jurisdiction of incorporation or organization)



            0-25680                                 33-0264030
--------------------------------------------------------------------------------
   (Commission File Number)           (I.R.S. Employer Identification Number)



         255 Consumers Road, Suite 500, Toronto, Ontario, Canada M2J 1R4
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)



                                 (416) 502-3200
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)




--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)




<PAGE>


Item 2.    Acquisition or Disposal of Assets

         On July 2, 2003, pursuant to an Exchange Agreement (the "Agreement"),
WaveRider Communications Inc., a Nevada corporation ("WaveRider"), acquired
Avendo Wireless Inc. ("Avendo"), an Ontario corporation.

         Under the terms of the Agreement, WaveRider issued 8,749,999 shares of
its common stock and warrants to purchase 3,000,000 shares of its common stock
in exchange for all of the outstanding shares of common stock, preferred stock
and debentures of Avendo. WaveRider has agreed to register for resale these
shares of common stock. In addition, WaveRider issued options to purchase
863,000 shares of its common stock under its Employee Stock Option (2000) Plan
in exchange for all the outstanding options to purchase shares of common stock
of Avendo.

         The acquisition of Avendo provides WaveRider with new wireless
technologies and an experienced research and development team to aid in
expanding and enhancing WaveRider's non-line-of-sight wireless broadband
products. Avendo has developed key technologies that enhance the delivery of
NLOS wireless broadband. Its patent-pending multiple input/multiple output smart
antenna technologies and associated modulation techniques have the capability to
increase the throughput speeds, capacity and range of WaveRider's Last Mile
Solution(R) and NCL families of 900 MHz NLOS products, and will be integrated
into WaveRider's future product releases. Furthermore, this acquisition
strengthens WaveRider's financial position with Avendo providing approximately
$1,000,000 of cash and no significant current or long term debt.

         Avendo will be a wholly-owned subsidiary of WaveRider and its financial
results will be reported on a consolidated basis with WaveRider's results.

Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

         (a) Financial Statements of Business Acquired. Financial statements
         will be filed not later than 60 days after the date that the initial
         report on Form 8-K must be filed with the SEC.

         (b) Pro Forma Financial Information. Pro Forma financial information
         will be filed not later than 60 days after the date that the initial
         report on Form 8-K must be filed with the SEC.

         (c) Exhibits

                  2.1      Exchange  Agreement dated June 27, 2003, by and among
                           WaveRider Communications  Inc. and Avendo  Wireless
                           Inc. and each of the stockholders of Avendo

                  4.1      Form of Series Q common stock purchase warrant dated
                           July 2, 2003



<PAGE>


                                   Signatures:

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this current report on Form 8-K to be signed on
its behalf by the undersigned thereunto duly authorized.

Dated:  July 11, 2003

                                     WAVERIDER COMMUNICATIONS INC.

                                     By: /s/ Bruce Sinclair
                                         ---------------------------------------
                                         Bruce Sinclair, Chief Executive Officer


<PAGE>


                                  Exhibit Index

2.1      Exchange Agreement dated June 27, 2003, by and among WaveRider
         Communications Inc. and Avendo Wireless Inc. and each of the
         stockholders of Avendo.

4.1      Form of Series Q common stock purchase warrant dated July 2, 2003
[{"type": "8-K", "sequence": "1", "filename": "main8kwaverider.txt", "description": "FORM 8K FOR WAVERIDER", "secsgml_size_bytes": 5255}]
{"company-data": {"conformed-name": "WAVERIDER COMMUNICATIONS INC", "cik": "0000844053", "assigned-sic": "4813", "irs-number": "330264030", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25680", "film-number": "03785532"}, "business-address": {"street1": "255 CONSUMERS ROAD SUITE 500", "street2": "TORONTO", "city": "ONTARIO CANADA", "state": "A6", "zip": "M2J 1R4", "phone": "4165023200"}, "mail-address": {"street1": "255 CONSUMERS ROAD SUITE 500", "street2": "TORONTO", "city": "ONTARIO CANADA", "state": "A6", "zip": "M2J 1R4"}, "former-company": [{"former-conformed-name": "CHANNEL I INC", "date-changed": "19950324"}, {"former-conformed-name": "CHANNEL I LTD", "date-changed": "19931119"}, {"former-conformed-name": "ATHENA VENTURES INC", "date-changed": "19920703"}]}
UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

   Pursuant to Sections 13 or 15(d) of the Securities and Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 2, 2003
--------------------------------------------------------------------------------

                          WAVERIDER COMMUNICATIONS INC.
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

                                     NEVADA
--------------------------------------------------------------------------------
         (State or other jurisdiction of incorporation or organization)

            0-25680                                 33-0264030
--------------------------------------------------------------------------------
   (Commission File Number)           (I.R.S. Employer Identification Number)

         255 Consumers Road, Suite 500, Toronto, Ontario, Canada M2J 1R4
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (416) 502-3200
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
Item 2.    Acquisition or Disposal of Assets

         On July 2, 2003, pursuant to an Exchange Agreement (the "Agreement"),
WaveRider Communications Inc., a Nevada corporation ("WaveRider"), acquired
Avendo Wireless Inc. ("Avendo"), an Ontario corporation.

         Under the terms of the Agreement, WaveRider issued 8,749,999 shares of
its common stock and warrants to purchase 3,000,000 shares of its common stock
in exchange for all of the outstanding shares of common stock, preferred stock
and debentures of Avendo. WaveRider has agreed to register for resale these
shares of common stock. In addition, WaveRider issued options to purchase
863,000 shares of its common stock under its Employee Stock Option (2000) Plan
in exchange for all the outstanding options to purchase shares of common stock
of Avendo.

         The acquisition of Avendo provides WaveRider with new wireless
technologies and an experienced research and development team to aid in
expanding and enhancing WaveRider's non-line-of-sight wireless broadband
products. Avendo has developed key technologies that enhance the delivery of
NLOS wireless broadband. Its patent-pending multiple input/multiple output smart
antenna technologies and associated modulation techniques have the capability to
increase the throughput speeds, capacity and range of WaveRider's Last Mile
Solution(R) and NCL families of 900 MHz NLOS products, and will be integrated
into WaveRider's future product releases. Furthermore, this acquisition
strengthens WaveRider's financial position with Avendo providing approximately
$1,000,000 of cash and no significant current or long term debt.

         Avendo will be a wholly-owned subsidiary of WaveRider and its financial
results will be reported on a consolidated basis with WaveRider's results.

Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

         (a) Financial Statements of Business Acquired. Financial statements
         will be filed not later than 60 days after the date that the initial
         report on Form 8-K must be filed with the SEC.

         (b) Pro Forma Financial Information. Pro Forma financial information
         will be filed not later than 60 days after the date that the initial
         report on Form 8-K must be filed with the SEC.

         (c) Exhibits

                  2.1      Exchange  Agreement dated June 27, 2003, by and among
                           WaveRider Communications  Inc. and Avendo  Wireless
                           Inc. and each of the stockholders of Avendo

                  4.1      Form of Series Q common stock purchase warrant dated
                           July 2, 2003
Signatures:

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this current report on Form 8-K to be signed on
its behalf by the undersigned thereunto duly authorized.

Dated:  July 11, 2003

                                     WAVERIDER COMMUNICATIONS INC.

                                     By: /s/ Bruce Sinclair
                                         ---------------------------------------
                                         Bruce Sinclair, Chief Executive Officer
Exhibit Index

2.1      Exchange Agreement dated June 27, 2003, by and among WaveRider
         Communications Inc. and Avendo Wireless Inc. and each of the
         stockholders of Avendo.

4.1      Form of Series Q common stock purchase warrant dated July 2, 2003