17:33:44 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Valens Groworks Corp
Symbol VGW
Shares Issued 93,213,657
Close 2019-02-13 C$ 2.88
Market Cap C$ 268,455,332
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Valens expands annual extraction capacity to 240,000 kg

2019-02-13 16:36 ET - News Release

Mr. Tyler Robson reports

VALENS INCREASES EXTRACTION CAPACITY SIGNIFICANTLY TO 240,000KG

Valens Groworks Corp. has expanded its annual extraction capacity significantly to 240,000 kilograms of dried cannabis input in order to prepare for customer demand for extraction services.

With this expansion, Valens secures the spot as the largest third party extraction company in Canada. "We are building a footprint to not only meet the needs of our Canadian customers but meet the needs of the global cannabis marketplace," said Tyler Robson, chief executive officer of Valens Groworks. "With edibles and concentrates becoming available later this year in Canada, we must be ready for a shift in consumer demand and in turn be flexible and scalable in our offerings for our clients to meet that demand."

Valens is able to offer its customers a range of extraction services, including crude oil, winterized oil, distillate and isolate, to meet their end product needs. "We have also expanded our product offerings to formulate and customize our clients' products with regards to vape pens, edibles and concentrates, cannabis-infused beverages, tinctures, and capsules as they become available," Mr. Robson continued. "The future of cannabis in Canada is coming and we are going to be at the forefront."

About Valens Groworks Corp.

Valens Groworks is a research-driven, vertically integrated Canadian cannabis company focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification, as well as associated quality testing with three wholly owned subsidiaries located in and around Kelowna, B.C.

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