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The Valens Company Closes Acquisition of LYF Food Technologies Inc. and Enters Edibles Category with Launch of Soft Chews

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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 Kingdom , British Columbia , Tyler Robson , Matthew Amado , Paolo Pero , Valens Labs Ltd , Cannabis Co , Centre Of Excellence , Food Technologies Inc , Valens Company , Valens Company Inc , Valens Company Or , Experion Biotechnologies Inc , Verse Cannabis , Chief Executive Officer , Summit Wild Berry Soft Chews , Verse Soft Chews , Verse Baked Apple Soft Chews , Verse Sour Medley Soft Chews , Citizen Stash Strawberry Mac , Experion Biotechnologies , Plant Based Science , Thermo Fisher , Forward Looking , Annual Information Form , The Valens Company Inc ,

The Valens Company Inc closes C$24.9M deal for edibles manufacturer LYF Food Technologies Inc

The Valens Company Inc closes C$24.9M deal for edibles manufacturer LYF Food Technologies Inc
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Kelowna's LYF Food Technologies Inc. sold for $25M to another local cannabis company - Kelowna News

Kelowna's LYF Food Technologies Inc. sold for $25M to another local cannabis company - Kelowna News
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