The Valens Company Inc. (VLNS)

[jefra1965]

The Valens Company Announces Entry to Québec Market

Kelowna, B.C., October 18, 2021 – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, today announced that it has executed a letter of intent with Société québécoise du cannabis (“SQDC”) for the distribution of its cannabis products into Québec. This marks a significant milestone for Valens entering the third-largest cannabis market in Canada, representing approximately 15% of Canadian cannabis retail sales2 in the country and approximately 22% of the Canadian population.3

“We are pleased to announce the entrance into the Québec marketplace,” said Tyler Robson, Chief Executive Officer, Co-Founder, and Chair of The Valens Company. “This an important milestone for The Valens Company with a national distribution platform that now makes our products accessible to over 95% of the Canadian population. This letter of intent showcases our innovation and consumers should expect new product offerings coming to the Québec marketplace soon. We expect our products to be first available at the beginning of 2022.”

At Valens, it’s Personal.