A little more info on VGWHi guys, can’t sleep here big storm tonight so decided to look up all of Valens news releases...
Here is some interesting things I found and it makes me love this company even more !
1- They are building a 400 000sq.ft 75 million state of the art green house/growing facility that they expect will yield 56 000kg/year and they have the possibility to expand to 800 000sq.ft ! This is made in JV 50/50 ownership with their partner. The good part is VGW is not putting up any money for this and the profit will be split 50/50 once the partner recoups it’s initial investment.
2- They have a partnership with Speak Easy, and in this partnership Speak Easy will supply VGW with 2500kg to 5000kg of biomass per month...
3- They have a LOI with Colombian based Eticann, that own 150 hectars of land in Colombia, to become their extractor amd have the option to purchase 50% of the company (so VGW can go international!)
4- The many deals we have with LP’s!
Love this company even more and loving the fact that they didn’t dilute for the growing opp!
DO YOUR OWN RESEARCH!
Peace !
TBM
P.S. On the technical side might have been an inverse hammer today let’s see tomorrow if we see it follow trough....