The Valens Company enters into pre-roll manufacturing and distribution services deal with Experion Biotechnologies

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) has entered into a custom manufacturing agreement with Experion Biotechnologies Inc, a partner of the company’s recently acquired LYF Food Technologies Inc.  

Experion is a licensed cultivator, processor, and brand builder with a portfolio of premium products, Valens said. 

Under the agreement, Valens said it will provide end-to-end pre-roll manufacturing and product distribution services to Experion — Valens’ first custom manufacturing agreement of this nature following the receipt of its Health Canada licence amendment to sell dried cannabis products.  

READ: The Valens Company closes C$24.9M deal for edibles manufacturer LYF Food Technologies

In the partnership, Valens and Experion will expand the pre-roll offering for Experion’s popular Citizen Stash brand, which is focused on providing consumers the highest quality handcrafted, small-batch cannabis.

“We are excited to kick off our pre-roll manufacturing services with the commencement of our agreement with Experion and expedite the entry of Valens-manufactured dried cannabis products into the Canadian market,” said Valens CEO Tyler Robson in a statement Thursday.

“Citizen Stash is synonymous with best-in-class products and we are proud to be chosen as a partner who can deliver on customized and premium quality products for the brand.”

Experion CEO Jarrett Malnarich said the partnership will allow his company to expand production to facilitate broader consumer access to its award-winning Citizen Stash products.

“Partnering with an industry leader such as Valens allows us to immediately multiply our capacity and positions us to quickly develop next generation product lines,” Malnarich said.

“We believe this relationship demonstrates to the market that we are laser-focused on driving revenue by expanding our capacity to deliver premium cannabis products across Canada.”

Minimum two-year partnership

Valens said the terms of the agreement support a minimum two-year partnership with monthly minimum order quantities. 

Valens also said it is in continued discussions with Experion to expand the existing agreement to include additional product development and custom manufacturing services for a range of next-generation products beyond gummies, which are currently being manufactured at its LYF facility, and pre-rolls. 

There is, however, no assurance that any such deal would be reached, the company added.

LYF, which Valens acquired on March 5, produces chocolate, confectionery, baked, and health food cannabis-infused edibles. The group offers white label and private label services and a comprehensive portfolio of in-house brands. 

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Story by ProactiveInvestors