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Valens Company Inc (OTCMKTS: VLNCF) signed a letter of intent (LOI) with the Société québécoise du cannabis which would allow the company to distribute its cannabis products in Quebec.
The Quebec cannabis market is the third largest in Canada
Quebec, which holds 22% of the Canadian population, represents 15% of retail cannabis sales in Canada and is the third largest market in the country.
According to the president, co-founder and CEO of Valens, Tyler Robson, the company is delighted to enter the Quebec market to offer its products to more than 95% of the Canadian population. Thus, customers should expect Valens products in Quebec from the start of 2022.
Services of the company Valens
Valens Company is a leading cannabis company in Canada focused on the manufacture of cannabis products. It also deals with formulation, analytical tests and different types of proprietary extraction such as terpene, solvent-free, hydrocarbon, ethanol and CO2 extraction. In addition, it processes more than 425,000 kg of biomass per year.
The company changed its name from Valens Groworks after moving from exclusive cannabis cultivation to its manufacture and distribution. It offers a range of high quality products for medical and adult use.
Valens also provides services in the United States through its subsidiary Green Roads. In addition, it uses its subsidiary Valens Australia to sell products to the global market. The company’s products come in the form of injectables, edibles, natural health products, beverages, vape pens, oral sprays, soft gels, two-part capsules and tinctures. It also has many other products in development.
Valens uses its patented emulsification technology, SōRSE by Valens, to transform cannabis oil into water-soluble emulsions that it transforms into different products. This process achieves consistent taste, stability and dosage.
Valens has clients such as Canopy Growth, the world’s largest cannabis company, and pharmaceutical companies like Shoppers Drug Mart. Its customers show their commitment to consumer satisfaction.
The other subsidiaries owned by Valens Company are Southern Cliff Brands Inc, Valens Labs Ltd, Supra THC Services, Valens Farms and Valens Agritech. Valens Labs is an accredited and licensed cannabis testing laboratory. It has partnered with Thermo Fisher Scientific.
Valens is headquartered in Kelowna, British Columbia.