Valens Signs Multi-Year Cannabis Extraction Agreement with Organigram

Published: January 30, 2019

Valens Signs Multi-Year Cannabis Extraction Agreement with Organigram

Valens GroWorks Corp., 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 has entered into a multi-year extraction services agreement with Organigram Inc. for cannabis and hemp extraction services.

Under the terms of the agreement, Valens will extract cannabis flowers and trim from Organigram’s Moncton operation as well as hemp to produce extract concentrate. In turn, the concentrate will be used by Organigram to produce oils and, eventually, derivative edible and vaporizable cannabis products. The legalization of cannabis edibles and other derivative based products in Canada is expected later this year. In addition, under the terms of the Agreement, Valens will also provide lab services for Organigram as needed.

“Looking ahead to another year of unprecedented firsts in the national and global cannabis industries, our growth strategy is aggressive,” said Greg Engel, CEO, Organigram. “A key element of that success is partnerships with companies like Valens who can offer the capacity, quality and expertise to help ensure we deliver on our ongoing commitment to meeting the increasing demand of the global medical and adult recreational cannabis markets.”

“We are pleased to be a trusted partner of Organigram and the Canadian cannabis industry,” says Tyler Robson, CEO of Valens GroWorks Corp. “We are proud to collaborate with companies like Organigram who continue to look for innovative technologies that will best serve the long-term needs of their customers.”

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