New Capacity Makes Valens the Largest Third-Party Extraction Company in Canada
KELOWNA, BC, Feb. 13, 2019 /CNW/ - Valens GroWorks
Corp. (CSE: VGW, OTC: VGWCF) (the "Company" or "Valens"), a multi-licensed, vertically integrated provider
of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation
and purification, as well as associated quality testing, is pleased to announce that it has expanded its annual extraction
capacity significantly to 240,000KG of dried cannabis input in order to prepare for customer demand for extraction services.
With this expansion, Valens secures the spot as the largest third-party extraction company in Canada. "We are building a footprint to not only meet the needs of our Canadian customers but meet the needs
of the global cannabis marketplace," said Tyler Robson, CEO of Valens GroWorks. "With edibles and
concentrates becoming available later this year in Canada, we must be ready for a shift in
consumer demand and in turn be flexible and scalable in our offerings for our clients to meet that demand."
Valens is able to offer its customers a range of extraction services including crude oil, winterized oil, distillate, and
isolate to meet their end product needs. "We have also expanded our product offerings to formulate and customize our clients'
products with regards to vape pens, edibles and concentrates, cannabis infused beverages, tinctures, and capsules as they become
available," Mr. Robson continued. "The future of cannabis in Canada is coming and we are going
to be at the forefront."
About Valens GroWorks
Valens GroWorks Corp. is a research-driven, vertically integrated Canadian cannabis company focused on downstream secondary
extraction methodology, distillation and cannabinoid isolation and purification, as well as associated quality testing with three
wholly-owned subsidiaries located in and around Kelowna, BC. Subsidiary Valens Agritech ("VAL") holds a license to cultivate cannabis and produce cannabis oil under the Cannabis Act,
as well as a license to conduct analytical testing for the cannabis industry. VAL currently has extraction processing and
supply agreements with various leading producers across Canada. Subsidiary Valens Labs is a Health Canada licensed ISO 17025 accredited cannabis testing lab providing sector-leading
analytical services and has partnered with Thermo Fisher Scientific to develop a Centre of Excellence in Plant-Based Science.
Subsidiary Valens Farms is in the process of becoming a purpose-built facility in compliance with European Union (EU) Good
Manufacturing Practices (GMP) standards, ensuring the product from this facility can be exported anywhere in the world where
cannabis is nationally legal for medical or adult usage purposes. For more information, please visit http://valensgroworks.com. The Company's investor deck can
be found specifically at http://valensgroworks.com/investors/
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SOURCE Valens GroWorks Corp.
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