The Valens Company Inc. (VLNS)

[GE_Jim]

Thanks for the kind words. Yes it’s related. From the shareholder vote last May.

Approval of Share Consolidation
A resolution authorizing the board of directors of the Company (the “Board”), in its sole
discretion, to consolidate the common shares of the Company (“Common Shares”) on the
basis of a consolidation ratio to be selected by the Board, provided that such ratio is within the
range of 1 new Common Share for every 1.5 to 3 old Common Shares and to amend the
Company’s articles accordingly.

Should be noted it’s related if needed. I’m sure the NAS would be more comfortable as well.