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The Valens Company Reports Financial Results for the First Quarter of Fiscal 2021
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Net revenue of $20.0 million in Q1 2021, up 24.7% versus $16.0 million in Q4 2020
Q1 2021 provincial sales growth of 7.6% quarter over quarter amid provincial inventory rightsizing initiatives across the sector
Estimated share of the extract-based market increased to ~5.5% in Alberta, British Columbia and Ontario in Q1 2021 from ~4.9% in Q4 2020, based on Headset data and not including B2B LP manufacturing
Manufactured approximately 1.4 million units of finished goods over the twelve months ended February 28, 2021
KELOWNA, BC, April 14, 2021 /PRNewswire/ -
The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the Company, The Valens Company or Valens ), a leading manufacturer of cannabis products, is pleased to report its first quarter financial results for the period ended February 28, 2021.
The Valens Company Reports Financial Results for the First Quarter of Fiscal 2021 apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
The Valens Company expands cannabis distribution network into Manitoba
The cannabis products maker said the deal with the Manitoba Liquor & Lotteries Corporation expands its distribution network to five Canadian provinces The business is already sending products to Alberta, British Columbia, Ontario, and Saskatchewan
The Valens Company Inc (TSX:VLNS) (OTCQX:VLNCF) (FRA:7LV) said it has entered into an agreement with the Manitoba Liquor & Lotteries Corporation to supply and distribute a wide range of cannabis products to LGCA-licensed private retailers in the Canadian province of Manitoba.
The cannabis products maker said the deal expands its distribution network to five provinces in the country, with its business already sending products to Alberta, British Columbia, Ontario, and Saskatchewan.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
The Valens Company Expands Cannabis Distribution Network with Entry into Manitoba Market
April 7, 2021 GMT
The Valens Company (CNW Group/The Valens Company Inc.)
Valens’ distribution network now includes five Canadian provinces with additional expansion expected in the short-term
KELOWNA, BC, April 7, 2021 /PRNewswire/ - The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, today announced that it has entered into an agreement with the Manitoba Liquor & Lotteries Corporation to supply and distribute a wide range of cannabis products to LGCA-licensed private retailers in the Province of Manitoba. With this agreement, Valens expands its distribution network to five provinces in the country.