The Valens Company Enters Manufacturing Partnership with MTL Hashish for Extraction and Producing of Pre-rolls and Vapes


KELOWNA, BC, Dec. 22, 2021 /PRNewswire/ – The Valens Enterprise Inc. (NASDAQ: VLNS) (TSX: VLNS) (the “Enterprise” or “The Valens Company”), a primary company of cannabis items, announces it has entered into a manufacturing partnership with Montreal Cannabis Médical Inc. (“MTL” or “MTL Cannabis”) to give manufacturing and extraction expert services for MTL’s pre-rolls and vapes.

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Valens expects the agreement to get started at the conclusion of the initial quarter of fiscal 2022.

MTL is a flower very first enterprise cmmitted to bringing craft hashish to the masses by a 5-phase method that consists of an award-successful hydroponic procedure, cling-drying, and hand-trimming. With market-top yields, MTL provides higher excellent hashish at a aggressive cost place. Considering that its adult-use market start in Oct 2020, MTL Hashish has emerged as one particular of Canada’s quickest-expanding dried flower buyer brands, putting in the top rated five in dried flower profits in most provinces.

“MTL has shown the kind of achievements, consistency and high-quality that The Valens Company appears to be for in a partner,” stated Tyler Robson, CEO of The Valens Company. “We are thrilled to broaden our existence with a single of the quickest rising and reputable flower client brands in Canada.”

“Valens not only has a person of the broadest ranges of production abilities but also shares the identical determination to shoppers and high quality that we do,” reported Richard Clement, CEO of MTL Hashish. “We glimpse forward to working with Valens to develop our presenting for shoppers in a greater selection of formats.”

At Valens, it is personal.

About The Valens Firm
The Valens Business is a leading producer of hashish products and solutions with a mission to deliver the gains of cannabis to the world. The Business presents proprietary cannabis processing companies, in addition to finest-in-class product development, producing, and commercialization of hashish purchaser packaged merchandise. The Valens Company’s substantial-high-quality products are formulated for the health care, wellbeing and wellness, and recreational shopper segments, and are supplied throughout all hashish product or service classes with a target on high quality and innovation. The Corporation also manufactures, distributes, and sells a extensive vary of CBD solutions in the United States by way of its subsidiary Inexperienced Streets, and distributes medicinal cannabis goods to Australia via its subsidiary Valens Australia. In partnership with brand houses, client packaged products organizations and accredited hashish producers close to the globe, the Organization carries on to increase its numerous solution portfolio in alignment with evolving cannabis shopper tastes in critical markets. By means of Valens Labs, the Business is setting the normal in cannabis tests and investigate and progress with Canada’s only ISO17025 accredited analytical services lab, named The Centre of Excellence in Plant-Dependent Science by lover and scientific environment leader Thermo Fisher Scientific. Explore more on The Valens Enterprise and its subsidiaries at http://www.thevalenscompany.com.

About MTL
MTL Hashish is a privately-owned Canadian Licence Holder situated in Montreal, Quebec. As a flower-initially firm developed for the modern day avenue, MTL Hashish is a 57,000 sq ft accredited facility with room to grow to 130,000 sq ft in the existing 2 buildings and attainable expansion to more than 300,000 sq ft. Less than the present footprint, the indoor facility uses proprietary hydroponic growing methodologies supported by handcrafted methods to deliver merchandise that are really craft for the masses. MTL Hashish presently creates over 13,000 kgs yearly, yielding above 2kg for every light. With supply bargains in 9 Canadian provinces, the corporation continuously hits leading 5 in dried flower gross sales. MTL is the receiver of the Expand Up Awards ‘Craft Grower of the Year’ and ‘Best Hydroponic System’ and Form Magazine’s Budtenders Preference for ‘Sativa of the Year’ for its signature pressure, Sage n’ Bitter.

MTL Cannabis’ goal has been very clear from the start off, be the model that delivers the ideal of the road to the cabinets by staying fully commited to the craft. Please stop by http://www.mtlcannabis.ca/

Recognize regarding Ahead Seeking Statements

All data integrated in this press launch, which includes any information as to the foreseeable future economic or operating overall performance and other statements of The Valens Organization that specific management’s expectations or estimates of potential performance, other than statements of historical reality, represent forward-on the lookout information or forward-looking statements within just the this means of applicable securities legislation and are centered on expectations, estimates and projections as of the day hereof. Forward-seeking statements are provided for the objective of giving info about management’s present-day anticipations and programs relating to the long term. Wherever doable, words and phrases this kind of as “designs”, “expects”, “scheduled”, “tendencies”, “forecasts”, “future”, “indications”, “possible”, “estimates”, “predicts”, “foresee”, “to establish”, “think”, “intend”, “capacity to”, or statements that certain actions, activities or success “may perhaps”, “should”, “could”, “would”, “may well”, “will”, or are “likely” to be taken, arise or be accomplished, or the unfavorable of these words and phrases or other variations thereof, have been utilized to establish this sort of forward-wanting info. Certain forward-on the lookout statements involve, with no limitation, all disclosure pertaining to foreseeable future effects of operations, long term outcomes of transactions, economic problems, and expected courses of motion. Traders and other parties are advised that there is not always any correlation among the variety of SKUs created and transported and profits and financial gain, and undue reliance need to not be put on these kinds of facts.

The dangers and uncertainties that may perhaps have an affect on forward-seeking statements contain, among some others, that the potential gains of the Consolidation, which include the outcome on the Firm’s software to record its Popular Shares on the NASDAQ, will not be realized, Canadian regulatory hazard, Australian regulatory hazard, U.S. regulatory chance, U.S. border crossing and vacation bans, the uncertainties, results of and responses to the COVID-19 pandemic, reliance on licenses, growth of facilities, competitors, dependence on provide of hashish and reliance on other essential inputs, dependence on senior administration and vital staff, standard business chance and liability, regulation of the hashish sector, alter in regulations, restrictions and suggestions, compliance with rules, limited working heritage, vulnerability to growing electricity charges, unfavourable publicity or purchaser notion, solution legal responsibility, challenges associated to mental residence, products remembers, issues with forecasts, administration of growth and litigation, a lot of of which are outside of the management of The Valens Company. For a more comprehensive dialogue of the risks confronted by The Valens Firm, and which might result in the genuine monetary benefits, general performance or achievements of The Valens Organization to be materially various from estimated foreseeable future results, overall performance or achievements expressed or implied by forward-seeking facts or ahead-on the lookout statements, remember to refer to The Valens Firm’s most recent Annual Details Sort submitted with Canadian securities regulatory authorities at www.sedar.com or on The Valens Company’s internet site at www.thevalenscompany.com. The pitfalls explained in such Annual Information and facts Kind are hereby included by reference herein. Although the ahead-looking statements contained herein reflect management’s current beliefs and sensible assumptions centered on facts readily available to administration as of the day hereof, The Valens Corporation cannot be sure that actual results will be consistent with these types of forward-on the lookout data. The Valens Business cautions you not to position undue reliance on any such ahead-looking statements. The Valens Firm disclaims any intention or obligation to update or revise any forward-seeking statements irrespective of whether as a outcome of new data, future situations or or else, other than as needed by applicable legislation. Nothing herein need to be construed as either an offer to offer or a solicitation to purchase or market securities of The Valens Firm.

Cision

Cision

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Source The Valens Company Inc.



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