KELOWNA, BC, June 22, 2020 /CNW/ – The Valens Company Inc.(formerly Valens GroWorks Corp.) (TSX: VLNS) (OTCQX: VLNCF) (the “Company” or “The Valens Company“), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, today announced that it has completed its continuance out of British Columbia and its incorporation under the Canada Business Corporations Act as “The Valens Company Inc.”
The common shares of the Company will begin trading under the Company’s new name on the Toronto Stock Exchange (the “TSX“) and the OTCQX (the “OTC”) on June 24, 2020, marking the completion of its previously announced rebranding to “The Valens Company”. All of the stock symbols for the Company’s securities will remain the same (i.e. “VLNS” and “VLNS.WT” for the Company’s shares and warrants, respectively on the TSX and “VLNCF” for the Company’s common shares on the OTC). The new CUSIP numbers assigned to the Company’s common shares and warrants are 91914P108 and 91914P124 respectively. No further action is required to be taken by shareholders of the Company in connection with the continuance and name change.
“Since announcing our rebrand at the end of 2019, we have been working tirelessly to bring on new partners and launch innovative product lines and brands poised to dominate the oil-based market in Canada. As we continue to expand and diversify our platform, we look to further demonstrate to the market that we are positioned for long-term global success with our bespoke cannabinoid-based product development and manufacturing capabilities. Moving forward, we are eager to bring the Valens advantage to new customers, consumers and markets as we expect to unlock opportunities for growth at home and abroad,” said Tyler Robson, CEO of The Valens Company.