The Globe and Mail reports in its Friday edition that Haywood Securities analyst Neal Gilmer says Valens Groworks is "positioned to be a leader in the extraction services market." The Globe's David Leeder writes that Mr. Gilmer began coverage of the Kelowna-based cannabis producer and processor with a "buy" rating. He targets the shares at $5.25, 75 cents above the consensus. Mr. Gilmer says in a note: "The company has significant current production capacity that is expanding towards 150,000 kilograms annually. Not only is the company set-up for extraction processing into crude oil, it also has the ability to further refine these extracted products for various oil derivative products that are expected to be approved for the market later this year. We are of the opinion that the extraction services market and development of oil derivative based products will become an important aspect of the cannabis landscape. Valens's primary driver of revenues will be toll processing in the near-term, followed by expanding to white-label products and its own branded products towards the end of 2019. As the market evolves towards consumer-packaged goods (CPGs) we view extraction services as a key aspect of the marketplace."