The Valens Company Inc to buy US CBD product producer Green Roads in US$40M cash and stock deal

Valens to buy US CBD product producer Green Roads in US$40M cash and stock deal
The move provides Valens with immediate entry into the US market with a leading CBD health and wellness brand that has an established manufacturing and distribution platform
Green Roads, based in south Florida, is the largest privately owned CBD company in the US
The Valens Company Inc (TSX:VLNS) (OTCQX:VLNCF) said it has reached a definitive agreement to acquire CBD company Green Roads and its majority-owned manufacturing subsidiary in a cash and share transaction worth US$40 million, plus up to US$20 million more in milestone payments.

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