6 more partnerships for Valens, including top LPs

Published on October 5, 2021 by oz. staff

Photo: The Valens Company

The Valens Company has announced it has inked six manufacturing partnerships, including with three top Canadian LPs.

Under the agreements, Kelowna-based Valens will produce pre-rolls, edibles, vapes, hydrocarbon concentrates, as well as provide extraction services.

The company didn’t name names, but says it has partnered with three of the top seven Canadian licensed producers by market share.

“Notably, the size of these agreements align with our promise of fewer, bigger, better in terms of relationships and products, ensuring we remain focused on providing the highest shareholder value,” says Valens CEO, co-founder and chairman Tyler Robson.

Milestone for LYF Food Technologies

“Additionally, this marks the largest third-party edible agreement to date for LYF Food Technologies. We are excited to have these partners on board and will continue to focus on adding partners that align with our values.”

Most of the agreements have been signed in the past three weeks and are expected to start over the next two quarters.

“These agreements, which encompass some of our largest Canadian Licensed Producer partners, represent the vast range of our manufacturing capabilities, reinforcing that we are an ally to our customers and consumers,” says Robson.

Nasdaq listing coming soon

Meanwhile, the company says its application to list its common shares on Nasdaq is moving slower than expected.

They expect to begin trading on Nasdaq by the end of fiscal 2021.

Common shares will still be listed on the TSX.