RE:RE:operational Update Posted on Company WebsiteDigby8 wrote: Valens is setting itself up to be a cannabis CPG juggernaut. Once K2 and the GTA facility are fully commissioned and operational, Valens intends to expand internationally, including pursuing opportunities in the US. IMO, in the future we may see a K2-like plant in New York state or another state along the eastern US coast to complement the BC operations. This would provide the company both trans Atlantic and trans Pacific export terminals which can also serve the domestic North American market.
I agree - Jeff Fallows said as much in that Benzinga interview. That's the reason they cashed up recently. They dont need the money to finish K2 or Pommies in GTA - K2 is complete, and GTA is only weeks away. LYF added the missing component.
Very important, he said management is now 100% satisfied with the operational footprint they have in Canada - nothing further, no more acquisitions, construction, or expansion, is required to meet the demands of the domestic market, now and in the future.
He also mentioned that things in Australia are proceeding according to plan, and they're completely happy with the partner they have there. There might be some opportunities in Australia for some extra direct product sales, which will be produced here in Canada, but the focus is elsewhere, and to me, that 40 million is to be able to take advantage of opportunities in the US.