|Bid||3.0200 x N/A|
|Ask||3.0500 x N/A|
|Day's Range||2.9900 - 3.1700|
|52 Week Range||2.6000 - 4.6900|
|Beta (3Y Monthly)||3.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.71|
Valens establishes operations in The Greater Toronto Area with the acquisition of a leading beverage company
KELOWNA, BC , Oct. 30, 2019 /CNW/ - Valens GroWorks Corp. (TSXV:VGW) (VGWCF) (the "Company" or "Valens"), a vertically integrated provider of industry leading extraction products and services; including a diverse suite of extraction methodologies, next generation cannabinoid delivery formats and an ISO 17025 accredited analytical lab is pleased to announce a multi-year white label agreement (the "Agreement") with BRNT Ltd ("BRNT"), a leading, premium, cannabis ancillary company to launch a line of unique cannabis vape pens in Canada . Under the terms of the Agreement, Valens will provide high-quality cannabis extracts, filling services and national distribution of a line of custom-formulated BRNT-branded vape pens. The initial term of the Agreement will be for two years, with two successive one year renewal options, and relates to the production and sale of a guaranteed minimum of 2.2 million BRNT-branded vape pens, with the gross revenue potential to Valens under the Agreement of over $50 million in the first two years, all subject to final acceptance from provincial distributors, including of the proposed price per unit.
Net income of $5.9 million (or $0.05 per share basic and diluted) in the third quarter, compared to a net loss of $10.5 million (or a loss of $0.10 per share basic and diluted) in the second quarter of 2019. "We are extremely pleased with the roll-out of our business plan and the continued scale up in the Company's extraction operations which have allowed us to continue our aggressive quarter over quarter growth in volumes, revenue, adjusted EBITDA and net income." said Tyler Robson , CEO of Valens. "The Company's performance in the third quarter clearly demonstrates our industry leading technical capabilities, the quality of our products and the earnings power of our platform.
Chicago, Illinois--(Newsfile Corp. - October 15, 2019) - Valens GroWorks Corp. (TSXV: VGW) (OTCQX: VGWCF), will be presenting at the 5th Benzinga Cannabis Capital Conference in Chicago October 22-23 before an audience of well-vetted public and private companies, and an audience of fellow institutional, family office and accredited investors looking for the right opportunities in a crowded and volatile market. Investment opportunities abound. For more information and/or to register for the conference please visit: ...
Valens to Hold Conference Call to Discuss Financial Results for the Third Quarter of Fiscal 2019
Cannabis stocks rise for a third straight day Friday, buoyed by reports that vape sales are rebounding after being hit by the outbreak of a serious lung disease that experts say is directly tied to vaping.
Dixie Brands (CSE: DIXI.U) (OTCQX: DXBRF) (Frankfurt: 0QV) has extended the expiry date of 27,235,027 share purchase warrants issued on October 1, 2018, for one year in conjunction with the company's non-brokered private placement of $25 million. Each warrant entitles the holder to purchase one subordinate voting share of Dixie at an exercise price of $1.32 per share. […]The post Cannabis Stock News Daily Roundup September 24 appeared first on Market Exclusive.
Valens GroWorks (TSXV: VGW) (OTCQX: VGWCF) announced that it has received an amended license from Health Canada related to the sale of its oil products as well as reported an update on the progress to build a white label manufacturing facility. New License a Significant Milestone The new license allows Valens to manufacture and supply oil […]The post Valens Gets Approval to Sell Cannabis Oil Directly to Distributors appeared first on Market Exclusive.
Under the new license, Valens is now authorized to manufacture and supply oil products directly to provincial distributors and other authorized Canadian retail supply channels. Valens will immediately start leveraging this amended license to expand services provided to its white label manufacturing partners, delivering retail ready products including tinctures and gel caps. The Company plans to further expand its retail ready product offerings to include vaporizer cartridges, beverages, topicals and other desired products as permitted by Health Canada.
Valens GroWorks (TSXV: VGW) (OTCQX: VGWCF) has entered into a five-year, white-label cannabis-infused beverage contract with the cannabis division of Iconic Brewing. Under the white label agreement, Valens will provide high-quality extracts, formulation services, and SōRSE emulsion IP for its cannabis-infused beverages. Whereas, Iconic will brand and market the final product across Canada. Under the terms of the […]The post Valens Picks Iconic Brewing to Sell Cannabis-Infused Beverages appeared first on Market Exclusive.
KELOWNA, BC , Sept. 16, 2019 /PRNewswire/ - Valens GroWorks Corp. (TSXV: VGW) (OTC: VGWCF) (the " Company " or " Valens "), a vertically integrated provider of industry leading extraction ...
Valens is excited to announce a white label agreement with Iconic to provide high quality extracts, formulation services, and SōRSE™ emulsion IP for its cannabis infused beverages. Iconic will brand and market the final product across Canada . "We are thrilled to partner with Iconic Brewing, one of the fastest growing alcohol beverage companies in eastern Canada , to help create their new line of cannabis-infused beverages," said Tyler Robson , CEO of Valens.
The Company expects to report that it has extracted over 26,000 kilograms of cannabis and hemp biomass in the third quarter of 2019. This represents a significant ramp in extraction volumes compared with the 8,547 kilograms of dried cannabis and hemp biomass it processed in the second quarter of 2019, driven by the build out of the Company's ethanol extraction capabilities and increasing volumes from our new and existing customers.
KELOWNA, BC , Aug. 19, 2019 /PRNewswire/ - Valens GroWorks Corp. (TSXV: VGW) (OTCQX: VGWCF) (the " Company " or " Valens "), a vertically integrated provider of industry leading extraction ...
Opening offices in downtown Toronto is a key next step in Valens' evolution as it looks to leverage its state of the art operations, technical expertise and advanced product portfolio in new, high value markets, globally. A Toronto office improves the Company's ability to realize on a number of international opportunities, increases its ability to attract and retain top talent, coordinate global operations, manage international customer relationships and expand access to the institutional investment community.
MYM Nutraceuticals (CSE: MYM) (OTCBB: MYMMF) reported that planting is now complete for the 2019 growing season at the CBD-rich hemp project situated on 120-acres in Nye County, Nev. MYM has entered into a production agreement with Elite Ventures and invested $500,000 to grow one pivot of 120-acres of CBD-rich hemp in Nevada. Elite will […]The post Cannabis Stock News Daily Roundup July 16 appeared first on Market Exclusive.
Gross profit increased to $5.1 million , or 58.0% of revenue, for the second quarter of 2019 compared to $0.9 million or 38.3% of revenue in the first quarter. Adjusted EBITDA(1) of $2.0 million in the second quarter, or 23.0% of revenue. Increased annual extraction capacity significantly to 425,000 KG of dried cannabis and hemp biomass in the second quarter of 2019 to meet increasing customer demand with plans to further increase capacity to over 1,000,000 KG per year with the buildout of the adjacent facility in Kelowna, BC anticipated to be completed in H1 2020.