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Cannabis

The Valens Company ships first batch of beverages from its Greater Toronto Area manufacturing facility; inks beverage manufacturing partnership

The first shipment was shipped to Ontario at the end of January and purchase orders for British Columbia, Alberta Manitoba, and Yukon are expected to be fulfilled in the coming days

The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc announced it had successfully commissioned and completed its first shipments of its Pommies beverage from its manufacturing facility in the Toronto area.

The first shipment was shipped to Ontario at the end of January and purchase orders for British Columbia, Alberta Manitoba, and Yukon are expected to be fulfilled in the coming days, the company said in a statement.

The GTA facility gives Valens an additional 30,000 square feet of licensed production and manufacturing space for its cannabis-infused beverage commercialization and distribution strategy.

READ: The Valens Company announces integrative initiative; identifies $10M in annual cost efficiencies

The facility can support eight million units per year on a single shift and can produce cannabis-infused beverages in both cans and PET bottles across various sizes and formats, according to the Kelowna, BC-based company.

"The GTA facility is highly automated and built to fulfill today's growing volumes while significantly bolstering our strategic potential by providing us with the operational footprint and expertise to make Valens the go-to name in cannabis-infused beverages in Canada," said Tyler Robson, CEO of The Valens Company (TSX:VLNS, OTCQX:VLNCF).

"We are expanding our branded beverage offering with the introduction of new exciting formats and flavours which will be coming to market over the next few quarters as well as expanding relationships with new and existing B2B partnerships to further fill capacity."

The firm also announced its first beverage manufacturing agreement since the launch of the Pommies facility to produce a customized line of beverages for the Canadian market under an expanded agreement with an existing licensed producer partnership.

"Valens has worked in close collaboration with cannabis enthusiasts to bring to market a selection of fresh new beverages made with natural flavours in a ready-to-drink format that appeal to both connoisseurs and first-time consumers,” Robson added.

The Valens Company is a leading manufacturer of cannabis products that provides proprietary cannabis processing services, in addition to product development, manufacturing, and commercialization of cannabis consumer packaged goods.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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