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Valens continues domestic expansion with entry into NB cannabis market

Stockhouse Editorial
1 Comment| May 20, 2021

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Click to enlargeKelowna BC-based cannabis extraction company The Valens Company Inc. (TSX.VLNS) – a leading manufacturer of cannabis products – has announced that it has received its first purchase order for Valens-manufactured products from Cannabis NB –a subsidiary of New Brunswick Liquor Corporation (ANBL) and the only legal recreational cannabis retailer in New Brunswick.

Tyler Robson, CEO, Co-Founder and Chair of The Valens Company, commented:

“Our expansion into New Brunswick marks the third regional market we have entered since the beginning of 2021– a milestone we are incredibly proud of. While we recently announced our first foray into the CBD market in the US, we also remain committed to continuing our growth here at home in Canada as we continue to increase sales channels expected to drive revenues and national market share. We are focused on leveraging our expanding domestic distribution network to bring more Canadian consumers a range of new and unique products we expect to launch with our partners throughout the summer and beyond."

Full story here.

New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.


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