Valens GroWorks Corp. (TSX:VLNS) (OTC:VLNCF) just recently announced a custom manufacturing agreement with Verse Cannabis to custom-manufacture a range of innovative, new cannabis products, including hydrocarbon-derived crumble.
Here’s what you need to know…
- Under the initial 5-year agreement, Valens GroWorks will manufacture and distribute a range of cannabis products, such as hydrocarbon-derived crumble and more.
- The first line of products will be manufactured under the brandย Verse Originals,ย which will include a range of high-quality essential products, such as vapes and oils.
- To follow, Valens GroWorks will produce and manufacture a line of innovative formats under the brand Verse Concentrates, including live resin vape pens and various water-based products leveraging SลRSE by Valens emulsion technology.
- Under the terms of the custom manufacturing agreement, Valens will pay Verse royalties over the five-year term.
- According to Valens, due to Canada’s phased rollout of cannabis concentrates, the illicit market for these products continue to thrive and outperform these products in the legal cannabis market.
- Valens GroWorks believes that manufacturing popular, advanced concentrate products can put into motion an major consumer shift from the illegal market to the legal market.
Be sure toย subscribe to cannabis stock updates here so you never miss an important update. To read the full Valens GroWorks Corp. press release, click here.
Get Real-Time Updates from MJobserver.com
