Lots of great takeaways in this PR
"The majority of the agreements were signed in the last three weeks, indicative of the significant interest in the capabilities provided by the Valens platform. "
“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,” said Tyler Robson, Chief Executive Officer, Chair, Co-Founder of The Valens Company."
“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. 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.”
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1. Being very selective: Means they know they can keep the ship full and down going forward so any new partner/client needs to have the cash to play with them.
2. A lot of interest in their capabilities is a no brainer & great growth indicator. And the growth will be in two very material and important aspects: Economic growth and also as a company brand, name & platform. If the company performs well with all these contracts and manages to grow and run the platform to it's full capacity in the next couple of years, this will serve as a learning experience for when they need to move south of the border with these services and globally. It's a win-win experience.
3. Being selective when choosing their clients and partners also means that they are not afraid of the market conditions going forward. They see growth ahead and maximum utilize¡ration of their services either buy clients, partners or by themselves.
4. By imposing initial 100% down payments to some shows strength and filters the few operations that they want to work with. This measure also secures a positive cash flow right away and prevents compromising production capabilities and resources with weak players. Again a win -win takeaway. It seems like they see their platform operating to full capacity in the near future .
A great PR over all. All the green signs are there well lit up.
