The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) revealed that it has received its first purchase order from Cannabis NB, a subsidiary of New Brunswick Liquor Corporation (ANBL), which is the only legal recreational cannabis retailer in New Brunswick.
With the purchase order, Valens, which is Canada's most profitable public cannabis company, has now become “an official supplier” of cannabis products to the province of New Brunswick.
"Our expansion into New Brunswick marks the third regional market we have entered since the beginning of 2021 – a milestone we are incredibly proud of," said Valens co-founder and CEO Tyler Robson.
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"While we recently announced our first foray into the CBD market in the US, we also remain committed to continuing our growth here at home in Canada as we continue to increase sales channels expected to drive revenues and national market share. We are focused on leveraging our expanding domestic distribution network to bring more Canadian consumers a range of new and unique products we expect to launch with our partners throughout the summer."
Cannabis NB operates 20 stores across 15 communities and offers a portfolio of cannabis products including flower, extracts, concentrates, edibles, beverages, and accessories. Valens' first shipment to New Brunswick will include flower, pre-rolls, vapes and concentrates.
“Products created in partnership with Verse Cannabis will be included in the first shipment, such as the Verse Originals vape cartridges in Summer Berry and Sunset Peach and the newly launched Live Terp Killer Kush vape cartridge from the Verse Concentrates line,” said the company.
Valens said the Live Terp Killer Kush vape cartridge consists of “pure live cannabis terpenes in a full spectrum extract” created from ultra-premium British Columbia sun-grown Killer Kush cannabis offering a rich terpene profile. According to Valens, their products are expected to be in stores and online in New Brunswick at the start of the third quarter.
In addition to New Brunswick, the distribution network for Valens stretches into Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, and the Yukon. Valens said it is engaging in discussions to bring its products to other private and government-regulated retailers across Canada.
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