Valens Increases Annual Extraction Capacity to 425,000KG with Plans to Increase Capacity to Over 1,000,000KG

Published: June 20, 2019

Valens GroWorks Corp. has substantially increased its annual extraction capacity to 425,000KG of dried cannabis and hemp biomass. As the largest third-party extraction company in Canada, Valens continues to experience significant demand for its services and are accelerating its growth to ensure the Company continues to meet the growing demand of its partners for both extraction and white label product development.

“We are excited to announce this significant advancement in our annual extraction capacity as we make room for more demand from our partners,” said Tyler Robson, CEO of Valens GroWorks. “This increase in scale together with our unique and comprehensive offering of CO2, ethanol, hydrocarbon, solvent-less, and terpene extraction methodologies as well as our consumer product development and manufacturing capabilities position us to be the partner of choice for leading cannabis brands both in Canada and internationally.”

Jeffrey Fallows, President of Valens GroWorks, commented, “Our highly-customized infrastructure leverages a variety of extraction technologies from around the world, placing us at the cutting edge of the industry and uniquely positioning us to provide next generation products to our partners.”

Valens is also announced that construction has commenced on its recently acquired adjoining facility in Kelowna, British Columbia. This purpose-built facility will significantly increase the Company’s footprint and is anticipated to be completed in H1 2020 bringing Valens’ extraction capacity to over 1,000,000KG per annum. This new facility will also expand Valens’ white label capacity including capsules, vaporizers, topicals, edibles and concentrates.

Mr. Robson commented, “We are ramping up our white label product development activities as edibles and concentrates are expected to hit shelves later this year. With over 100 years of combined extraction experience on our team, we have worked hard on our formulation portfolio which will be essential to the development of new innovative products coming this year, enabling our partners to differentiate their offerings. While we continue to operate as a best-in-class provider of crude oil, winterized oil, distillate, and isolate to the cannabis market, our new capacity will also allow us to expand our capabilities in product development and manufacturing to meet changing consumer market demands.”