SEATTLE, Nov. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial
media network dedicated to the North American cannabis industry, announces publication of an article discussing the leadership role
of Valens GroWorks (CSE: VGW), based in the Okanagan region of British Columbia, in the charge
to develop attractive, brandable, high margin, and healthy products derived from cannabis. Holding three licenses from Health
Canada and boasting some of the most advanced facilities in the market, Valens has been actively building the infrastructure and
relationships to succeed both in Canada and internationally as cannabis-derived products take over the market.
Canada made history in October, becoming the second country (after Uruguay) to legalize cannabis for adult-use. The Canadian
cannabis evolution is not completed, however, as Health Canada is delaying the legalization of edibles, beverages, and other alternative
delivery systems based on cannabis extracts for one year. With the widely recognized negative health effects of smoking, consumers
of all stripes are looking for more healthy and pleasant ways to access cannabis, both for recreational and medical purposes. As a
result, there has been an influx of investment throughout the industry in research and development of extract-based products.
Recent Deals Point the Way
Valens received a license to cultivate and produce oils under the ACMPR in October. The company’s
25,000 square foot facility had previously been licensed under the Narcotics Control Regulations, and with the two sets of
regulations merging as part of the new Cannabis Act the company has all of the bases covered. Utilizing this facility to research,
develop, and perfect its extraction services, Valens is now pursuing European Union GMP certification. These are the strictest
standards in the world, and the anticipated certification in 2019 would position Valens for export to most any legalized
market.
The company is concurrently building out what will eventually be a 400,000 sf greenhouse facility that would supply large
volumes of cannabis grown specifically for Valens’ extracts. This in-house supply will allow Valens to develop and commercialize a
wide variety of cannabis-based products, giving the company complete control throughout the product life cycle.
Until that project is complete and licensed, Valens is pursuing deals like the one it recently announced with GTEC Holdings. Through an initial four-year term, GTEC will ship
bulk dried cannabis to Valens. Valens will then derive the requested extracts and oils, sending them back to GTEC for sale.
Arrangements like this provide a revenue stream for Valens and offer other licensed producers an avenue to access Valens’ expertise
to develop their own products. Future deals could go a step further in this direction, with Valens actually developing the final
products for partners on a white label basis.
Valens recently secured the Canadian rights to a proprietary cannabinoid emulsion technology
called S?RSE™. Developed by Tarukino Holdings and already proven in the United States, the technology allows for the infusion of
active cannabinoids into edibles and beverages without the cannabis taste or smell. It also addresses several other issues with
infusion by maintaining potency when heated or chilled, by providing precise dosing, and by allowing for faster and more consistent
onset of the effects of the ingredients.
Happy Apple Sparkling Cider, utilizing S?RSE™ technology and offered in three concentrations of THC, is currently
the top selling infused beverage in the state of Washington. Another intriguing product is
Pearl2O, a CBD/THC infused water consumers can use at home to create their own edible products. As part of the Tarukino deal,
Valens has the Canadian rights to these brands and others, planning to market them once the product categories are legalized in the
country.
Looking Ahead
Valens GroWorks has been very busy this fall, setting the table for both near-term revenue opportunities through its extraction
services and for longer-term opportunities in branded products for both the Canadian and international markets. With a recent $27
million financing under its belt, Valens appears well-funded to implement its growth initiatives in the highest value segments of
the emergent cannabis industry, both domestically and internationally. It’s an approach that bears watching over the coming
quarters.
Please follow the link to read the full article: http://www.cannabisfn.com/valens-groworks-focused-near-future-cannabis-industry/
About CFN Media
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Frank Lane
206-369-7050
flane@cannabisfn.com
