STOCKS TO BUY: THE VALENS COMPANY (TSXV: VLNS) (OTCQX: VLNCF) – RICH TV LIVE – JANUARY 19, 2020 – Valens GroWorks Corp (TSXV: VLNS) (OTCQX: VLNCF) (the “Company”, “Valens” or “The Valens Company”), a vertically integrated provider of industry-leading extraction products and services; including a diverse suite of extraction methodologies, next generation cannabinoid delivery formats and an ISO 17025 accredited analytical lab, is pleased to announce that it has obtained eligibility from the Depositary Trust Company (“DTC”) for its shares traded on the OTCQX, under the symbol “VLNCF.”
Between January 9 and 11, RichTV took part in the Lift & Co Cannabis Expo in Vancouver, Canada. There, Rich interviewed nearly a dozen players in the cannabis space, from up-and-comers to established big-wigs. Today, we look at Rich’s interview with Everett Knight, EVP of Strategy & Investments at The Valens Company (TSXV:VLNS) (OTCQX:VLNCF).
Valens is the largest cannabis extractor and white label manufacturer in Canada, and one of the few pot stocks to show growth in 2019.
Valens came in at number three on Rich’s top ten pot stocks to watch in January 2020. So right away you know this is a company worth following. Let’s dive right into what The Valens Company is currently doing and what it has on the horizon.
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Valens Signs Two Major Supply Agreements
In the waning days of 2019, The Valens Company signed two extraction, white-label, and supply agreements that should keep the company well-funded through 2020 and beyond.
The first deal was a four-year extraction and white-label agreement with Emerald Health Therapeutics Inc (TSXV:EMH) (OTCQX:EMHTF). Through the deal, Valens will supply an annual minimum quantity of 10,000 kilograms of cannabis and hemp biomass.
Next, Valens entered a multi-year distillate supply agreement with confectionery company Dynaleo Inc. The agreement has an initial two-year term, with two automatic one-year renewals.
In the first year, Valens will supply Dynaleo with distillate containing a minimum of 40 kilograms of THC or CBD for use in the production of edibles. Afterward, Dynaleo will purchase from Valens a minimum of 50 kilograms of distillate in year three and 75 kilograms in year four.
“We currently have 11 extraction contracts and 11 white label contracts,” says Knight. These agreements ensure that Valens can execute its growth strategy, which begins this year.
The Valens Company in 2020
Discussing the opportunity that the new year provides, Knight explains:
“What we’ve been focusing on since we were founded is launching our customers’ products. Now, with Cannabis 2.0 starting, we have a chance to showcase everything we’ve been working on. So we’re excited to get some products on the shelf.”
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