Two of the largest certified organic producers in Canada come together to bring innovative and
high-quality products to market
KELOWNA, BC , March 3, 2021 /PRNewswire/ - 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 entered into an extraction and custom manufacturing agreement with Rubicon Organics , a Canadian licensed producer of high-quality, organic certified, sustainably grown cannabis. Rubicon Organics boasts a robust portfolio of recreational brands that meet the diversified needs of consumers, including super-premium Simply Bare Organic, flower-based 1964 Supply Co., in addition to concentrate-focused Lab Theory.
Under the terms of the agreement, Valens will have the opportunity to leverage its full complement of proprietary extraction capabilities, including organic certified CO2, ethanol, and other extraction technologies, to deliver customized consumer experiences in a variety of 2.0 products under the Rubicon Organics portfolio. Additionally, the custom manufacturing agreement provides a platform for collaboration, new product development and innovation to bring next generation formats to the market, allowing Valens to further expand its industry-leading portfolio of product manufacturing capabilities.
"The Rubicon Organics team has a strong and proven track record of success with their flower business and we are confident they will enjoy the same success in other product categories," said Tyler Robson , Chief Executive Officer, Co-Founder and Chair of The Valens Company. "At the heart of this agreement is a true partnership and both parties are eager to get down to work on innovation to bolster Rubicon Organics' product portfolio and bring certified organic, high-quality 2.0 products to the Canadian market. We are especially pleased to be working with a supply partner that can meet our strict requirements for laboratory controls, quality and reliability."
"This agreement will enable Rubicon Organics to accelerate the launch of our organic certified 2.0 innovation pipeline, providing our consumers with the best cannabis products in Canada , and growing our share of the premium and super premium cannabis category," said Jesse McConnell , Chief Executive Officer of Rubicon Organics.
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