The Valens Company Inc. (VLNS)

[FUNMAN]

THE VALENS COMPANY BROADENS AGREEMENT WITH LEADING LICENSED PRODUCER TO PROVIDE CUSTOM MANUFACTURING OF CANNABIS PRODUCTS

https://thevalenscompany.com/press-releases/the-valens-company-broadens-agreement-with-leading-licensed-producer-to-provide-custom-manufacturing-of-cannabis-products/

Agreement with one of the top five Canadian LPs includes pre-roll manufacturing and represents the largest contract for Valens in this category to date1

Kelowna, B.C., August 30, 2021 – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, announced today that it has broadened its existing agreement with a leading licensed producer (top five in Canada by market share) to include custom manufacturing of cannabis products.1

Under the terms of the agreement, the licensed producer will draw on Valens’ full suite of product manufacturing capabilities to supply the Canadian market with a range of cannabis products in various categories across several of the LP’s award-winning brands. The expanded agreement supersedes the previous extraction services agreement between the two companies and marks the largest pre-roll manufacturing agreement to date for The Valens Company.

“The expansion of this agreement signifies a very meaningful partnership between two of the country’s leading cannabis companies with a collective passion of bringing Canadians the highest quality cannabis products,” said Tyler Robson, Chief Executive Officer, Chair, and Co-Founder of The Valens Company. “The pre-roll category is currently one of the largest and fastest-growing segments in the Canadian cannabis market and we are incredibly excited to sign our largest agreement to date in this category with a longtime, trusted partner. We look forward to expanding this relationship in the future.”

At Valens, it’s Personal.

Sources:

1Hifyre data for the markets of Ontario, Alberta and British Columbia during March to May 2021

ABOUT THE VALENS COMPANY
The Valens Company is a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products. The Valens Company is focused on being the partner of choice for leading Canadian and international cannabis brands by providing best-in-class, proprietary services including CO2, ethanol, hydrocarbon, solvent-less and terpene extraction, analytical testing, formulation and product development and custom manufacturing. Valens is the largest third-party extraction company in Canada with an annual capacity of 425,000 kg of dried cannabis and hemp biomass at our purpose-built facility in Kelowna, British Columbia which is in the process of becoming European Union (EU) Good Manufacturing Practices (GMP) compliant. The Valens Company currently offers a wide range of product formats, including tinctures, two-piece caps, soft gels, oral sprays and vape pens as well as beverages, concentrates, topicals, edibles, injectables, natural health products and has a strong pipeline of next-generation products in development for future release. Finally, The Valens Company’s wholly-owned subsidiary Valens Labs is a Health Canada licensed ISO 17025 accredited cannabis testing lab providing sector-leading analytical services and has partnered with Thermo Fisher Scientific to develop a Centre of Excellence in Plant-Based Science. For more information, please visit https://thevalenscompany.com. The Valens Company’s investor deck can be found specifically at https://thevalenscompany.com/investors/.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Jeff Fallows
The Valens Company

Investor Relations
[e-mail]
1 647.956.8254

KCSA Strategic Communications
Phil Carlson / Elizabeth Barker
[e-mail]
1 212.896.1233 / 1 212.896.1203

Media
KCSA Strategic Communications
Anne Donohoe
[e-mail]
1 212.896.1265