KELOWNA, BC, Aug. 6, 2019 /CNW/ - Valens GroWorks Corp.
(TSXV: VGW) (OTC: 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 it has expanded its operational footprint with the opening
of offices in Toronto as it gears
up for geographic expansion.
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.
"Toronto will be a hub for
international growth and business development and complement the
incredible operational platform we have built in Kelowna. This is an exciting milestone as we
continue to advance our business and accelerate our growth into new
regions. Having a base in Toronto
also increases our access to the institutional investment
community," said Tyler Robson, CEO
of Valens.
About Valens GroWorks
Valens GroWorks Corp. (TSXV:VGW) (OTC:VGWCF) is a
multi-licensed, vertically-integrated cannabis company focused on
being the partner of choice for leading Canadian and international
cannabis brands by providing best-in-class, proprietary services
including CO2, ethanol, hydrocarbon, solvent-less and terpene
extraction, analytical testing, formulation and white label product
development. Valens is the largest third-party extraction
Company in Canada with an annual
capacity of 425,000 kg of dried cannabis and hemp biomass at our
purpose-built facility in Kelowna
, British Columbia which is in the
process of becoming European Union (EU) Good Manufacturing
Practices (GMP) compliant. Additionally, our 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. For more information, please visit
http://valensgroworks.com. The Company's investor deck can be
found specifically at http://valensgroworks.com/investors/
Notice regarding Forward Looking Statements
This news release contains certain "forward-looking statements"
within the meaning of such statements under applicable securities
law. Forward-looking statements are frequently characterized by
words such as "anticipates", "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed", "positioned" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. These statements are only predictions. Various
assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout
this news release. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
The Corporation is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
The TSXV or other regulatory authority has not reviewed,
approved or disapproved the contents of this press release. We seek
Safe Harbour.
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SOURCE Valens GroWorks Corp.
