The Valens Company increases domestic reach via distribution agreement with Yukon territory

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV), a leading manufacturer of cannabis products, has announced its entry into the Yukon market with a cannabis purchase and sale agreement with the Yukon Liquor Corporation (YLC).

The Kelowna, British Columbia-based company said the agreement allows for the sale and distribution of Valens-manufactured products to licensed cannabis retailers in Yukon and on Cannabis Yukon, Yukon Liquor Corporation’s e-commerce platform.

Valens said it expects to bring a range of “Cannabis 2.0 and 3.0 products to the Yukon market,” which could include “vapes, concentrates, beverages, topicals and edibles,” expanding the variety of innovative formats available in the territory.

READ: The Valens Company overcomes coronavirus restrictions to post fiscal Q1 revenue bump

“Our entry into the Yukon market not only furthers our ability to capture market share in Canada, but also broadens the selection and quality of products that consumers in the territory can access,” Valens co-founder and CEO Tyler Robson said in a statement.  

“We have made significant progress growing our cannabis distribution network and we expect to increase our national position in the short-term as we continue discussions with other private and government-regulated retailers across the country.”

The company said its manufactured products “will be shipped to Yukon and available to consumers in the coming quarters.”

Valens can process over 425,000 kilograms of biomass per year and its services include numerous types of proprietary extraction, analytical testing, formulation, cultivation, as well as white label product development. Its products include tinctures, soft gels, oral sprays, and vape pens as well as beverages, edibles, injectables, natural health products and it has a strong pipeline of next-generation products in development. 

Contact the author Uttara Choudhury at [email protected]

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Story by ProactiveInvestors