The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc announced the expansion of its cannabis products sales in Quebec — the third-largest cannabis market in Canada which represents 15% of the country’s cannabis retail sales.
The Kelowna-based company said it signed a letter of intent with Société québécoise du cannabis (SQDC) and that its cannabis products are expected to become available in Quebec at the start of next year.
Quebec marks The Valens Company's eighth provincial distribution supply agreement, it said.
READ: The Valens Company sees 3Q revenue climb 16% to C$21M on strong retail demand
"This an important milestone for The Valens Company with a national distribution platform that now makes our products accessible to over 95% of the Canadian population,” Tyler Robson, CEO of The Valens Company, said in a statement.
“This letter of intent showcases our innovation and consumers should expect new product offerings coming to the Québec marketplace soon. We expect our products to be first available at the beginning of 2022," he added.
The cannabis consumer products company holds expertise in manufacturing cannabinoid-based products, serving consumers for recreational, health and wellness, and medical purposes in Canada and internationally through its subsidiary Valens Australia.
Contact Ritika at ritika@proactiveinvestors.com