The Valens Company expands cannabis distribution network into Manitoba
The Valens Company Inc (TSX:VLNS) (OTCQX:VLNCF) (FRA:7LV) said it has entered into an agreement with the Manitoba Liquor & Lotteries Corporation to supply and distribute a wide range of cannabis products to LGCA-licensed private retailers in the Canadian province of Manitoba.
The cannabis products maker said the deal expands its distribution network to five provinces in the country, with its business already sending products to Alberta, British Columbia, Ontario, and Saskatchewan.
READ: Valens set to launch Verse Cannabis products on the Medical Cannabis by Shoppers platform
Valens said it has already shipped several products to Manitoba, including A1 Cannabis’ Summit 10 THC beverages, Verse Cannabis’ Tropic Lemon and Sunset Peach vape carts, and 1:20 CBD oil, with additional product formats across various categories expected to be shipped in the coming weeks.
Expansion into other Canadian provinces and territories such as Quebec is expected in the short term, the company said, adding that discussions are continuing with provincial and territorial boards and private retailers.
“Expanding our domestic distribution capabilities is one of our top strategic initiatives to drive growth this year and beyond. Our entry into the Manitoba market takes us a step further toward capturing larger market share and bringing the Valens advantage to consumers in a new province, enabling greater access to our high-quality products across Canada,” Valens chief executive, co-founder, and chair Tyler Robson said in a statement.
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Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/946053/the-valens-company-expands-cannabis-distribution-network-into-manitoba-946053.html
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