Christmas Comes Early for Valens Investors !!Rough time-line: Exactly 2 years ago, Valens announced the acquisition of Southern Cliff / Pommies Cider, a manufacturer of hard cider in southern Ontario.
Deatils can be found here:
https://thevalenscompany.com/press-releases/valens-establishes-operations-in-the-greater-toronto-area-with-the-acquisition-of-pommies-cider-co/ In February 2021, the company announced it had submitted a site evidence package to HC along with its existing micro-process application, as a multi-million dollar renovation was nearing completion.
Details can be found here:
https://thevalenscompany.com/press-releases/the-valens-company-submits-site-evidence-package-to-health-canada-for-manufacturing-facility-in-greater-toronto-area/ Yesterday, HC awarded Southern Cliff / Pommies the long-awaited processing license.
Search for the word Cliff and Valens here:
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/industry-licensees-applicants/licensed-cultivators-processors-sellers.html I notice that Valens hasn't made an announcement yet. I assume they'll do so before start of trading on Monday morning, but I also wonder what other announcement has been waiting the award of this license? By the end of next week we could be on the nasdaq and have a major beverage deal announced.
If I had shorted this stock, i wouldn't be able to sleep this weekend. People who have been buying during the recent down-trend may also not be able to sleep, but for an entirely different reason - trying to figure out where they're going to spend all the money they're going to make - Christmas comes early to Valens investors!