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.
The Valens Company Inc closes C$24 9M deal for edibles manufacturer LYF Food Technologies Inc
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Kelowna s LYF Food Technologies Inc sold for $25M to another local cannabis company - Kelowna News
castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.