Valens’ distribution community now consists of 5 Canadian provinces with extra growth anticipated within the short-term
KELOWNA, BC, April 7, 2021 /PRNewswire/ – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Firm,” “The Valens Firm” or “Valens”), a number one producer of hashish merchandise, immediately introduced that it has entered into an settlement with the Manitoba Liquor & Lotteries Corporation to produce and distribute a variety of hashish merchandise to LGCA-licensed non-public retailers within the Province of Manitoba. With this settlement, Valens expands its distribution community to 5 provinces within the nation.
“Increasing our home distribution capabilities is one among our prime strategic initiatives to drive development this 12 months and past,” mentioned Tyler Robson, Chief Government Officer, Co-Founder and Chair of The Valens Firm. “Our entry into the Manitoba market takes us a step additional towards capturing bigger market share and bringing the Valens benefit to shoppers in a brand new province, enabling higher entry to our high-quality merchandise throughout Canada.”
Valens has already shipped a number of merchandise to the province, together with A1 Hashish’ Summit 10 THC drinks, Verse Hashish’ Tropic Lemon and Sundown Peach vape carts and 1:20 CBD oil, with extra product codecs throughout varied classes anticipated to be shipped within the coming weeks.
Along with Manitoba, the Firm’s distribution community additionally consists of Alberta, British Columbia, Ontario and Saskatchewan. Enlargement into different Canadian provinces and territories, akin to Quebec, is predicted within the short-term as discussions proceed with provincial and territorial boards and personal retailers.
About The Valens Firm
The Valens Firm is a number one producer of hashish merchandise with a mission to convey the advantages of hashish to the world. The Firm gives proprietary hashish processing providers throughout 5 core applied sciences, along with best-in-class product growth, formulation and manufacturing of hashish client packaged items. The Valens Firm’s high-quality merchandise are solely formulated for the medical, therapeutic, well being and wellness, and leisure client segments, and are supplied throughout quite a few product codecs, together with oils, vapes, concentrates, edibles and topicals, in addition to pre-rolls, with a concentrate on next-generation product growth and innovation. Its breakthrough patented emulsification expertise, SōRSE™ by Valens, converts hashish oil into water-soluble emulsions for seamless integration into quite a lot of product codecs, permitting for near-perfect dosing, stability, and style. In partnership with model homes, client packaged items firms and licensed hashish producers across the globe, the Firm continues to develop its various product portfolio in alignment with evolving hashish client preferences in key markets. Via its wholly owned subsidiary Valens Labs Ltd., the Firm is setting the usual in hashish testing and analysis and growth with Canada’s solely ISO17025 accredited analytical providers lab, named The Centre of Excellence in Plant-Based mostly Science by associate and scientific world chief Thermo Fisher Scientific. Uncover extra on The Valens Firm and its subsidiaries at http://www.thevalenscompany.com.
Discover concerning Ahead Trying Statements
All data included on this press launch, together with any data as to the long run monetary or working efficiency and different statements of The Valens Firm that categorical administration’s expectations or estimates of future efficiency, apart from statements of historic truth, represent forward-looking data or forward-looking statements inside the which means of relevant securities legal guidelines and are based mostly on expectations, estimates and projections as of the date hereof. Ahead-looking statements are included for the aim of offering details about administration’s present expectations and plans regarding the long run. Wherever potential, phrases akin to “plans”, “expects”, “scheduled”, “tendencies”, “indications”, “potential”, “estimates”, “predicts”, “anticipate”, “to determine”, “imagine”, “intend”, “means to”, or statements that sure actions, occasions or outcomes “could”, “might”, “would”, “may”, “will”, or are “possible” to be taken, happen or be achieved, or the damaging of those phrases or different variations thereof, have been used to determine such forward-looking data. Particular forward-looking statements embrace, with out limitation, all disclosure concerning future outcomes of operations, financial situations and anticipated programs of motion.
The dangers and uncertainties that will have an effect on forward-looking statements embrace, amongst others, regulatory threat, United States border crossing and journey bans, reliance on licenses, growth of amenities, competitors, dependence on provide of hashish and reliance on different key inputs, dependence on senior administration and key personnel, common enterprise threat and legal responsibility, regulation of the hashish trade, change in legal guidelines, rules and pointers, compliance with legal guidelines, reliance on a single facility, restricted working historical past, vulnerability to rising power prices, unfavourable publicity or client notion, product legal responsibility, dangers associated to mental property, product recollects, difficulties with forecasts, administration of development and litigation, lots of that are past the management of The Valens Firm. For a extra complete dialogue of the dangers confronted by The Valens Firm, and which can trigger the precise monetary outcomes, efficiency or achievements of The Valens Firm to be materially completely different from estimated future outcomes, efficiency or achievements expressed or implied by forward-looking data or forward-looking statements, please confer with The Valens Firm’s newest Annual Data Type filed with Canadian securities regulatory authorities at www.sedar.com or on The Valens Firm’s web site at www.thevalenscompany.com. The dangers described in such Annual Data Type are hereby integrated by reference herein. Though the forward-looking statements contained herein mirror administration’s present beliefs and affordable assumptions based mostly upon data obtainable to administration as of the date hereof, The Valens Firm can’t be sure that precise outcomes shall be in step with such forward-looking data. The Valens Firm cautions you to not place undue reliance upon any such forward-looking statements. The Valens Firm disclaims any intention or obligation to replace or revise any forward-looking statements whether or not because of new data, future occasions or in any other case, besides as required by relevant legislation. Nothing herein ought to be construed as both a proposal to promote or a solicitation to purchase or promote securities of The Valens Firm.
SOURCE The Valens Firm Inc.