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Share this article Creating one of the leading cannabis consumer packaged goods platforms in Canada Integration already gaining traction with launch of soft chews in partnership with A1 Cannabis and Verse Cannabis  Company, Valens ),  a leading manufacturer of cannabis products, is pleased to announce the closing of its previously announced acquisition of all of the issued and outstanding shares of LYF Food Technologies Inc. ( LYF ). The cash and share transaction ( LYF Acquisition ) totaled CDN$24.9 million payable on closing, plus approximately CDN$17.5 million in post-closing consideration subject to achieving certain earn-out EBITDA milestones. With this acquisition of LYF, Valens has accelerated its footprint in the edibles category, which is one of the fastest-growing segments of the Cannabis 2.0 and 3.0 markets.

United kingdomBritish columbiaTyler robsonMatthew amadoPaolo peroValens labs ltdCannabis coCentre of excellenceFood technologies incValens companyValens company incValens company orExperion biotechnologies incVerse cannabisChief executive officerSummit wild berry soft chews