KELOWNA, BC – The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) (the “Company” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, announces that the Company’s application to list its common shares on Nasdaq Capital Market (“Nasdaq”) has been approved. The Company’s common shares (the “Common Shares”) are expected to commence trading on Nasdaq under the symbol “VLNS” on December 9, 2021.
Valens’ common shares will continue to be listed and trade on the Toronto Stock Exchange (TSX) under the symbol “VLNS”. The Company’s shares will continue to trade on the OTCQX under the symbol “VLNCD” until trading on Nasdaq commences. Shareholders are not required to take any action as a result of the up-listing and symbol change.
Tyler Robson, Chief Executive Officer and Chair of The Valens Company said, “Our Nasdaq listing represents yet another important milestone that reflects our commitment to all of our shareholders as we continue to advance our global growth initiatives by capitalizing on the legalization of cannabis around the world and strengthening our corporate governance. I’m exceptionally proud of our team and the platform we have built here in Canada. Looking forward, we will continue to build a company focused on product innovation and advancing our intellectual property to create products that consumers enjoy. Listing on Nasdaq is the next step to our capital markets strategy. We believe this listing will enable Valens and its shareholders greater access to liquidity, increased corporate visibility, and a broader shareholder base, in an effort to create long-term shareholder value.”
The Company’s listing on Nasdaq remains subject to satisfaction of all applicable listing and regulatory requirements. In conjunction with this Nasdaq listing, Valens’ common shares will become DWAC/FAST eligible for U.S. shareholders.
At Valens, it’s Personal.
About The Valens Company
The Valens Company is a leading manufacturer of cannabis products with a mission to bring the benefits of cannabis to the world. The Company provides proprietary cannabis processing services, in addition to best-in-class product development, manufacturing, and commercialization of cannabis consumer packaged goods. The Valens Company’s high-quality products are formulated for the medical, health and wellness, and recreational consumer segments, and are offered across all cannabis product categories with a focus on quality and innovation. The Company also manufactures, distributes, and sells a wide range of CBD products in the United States through its subsidiary Green Roads, and distributes medicinal cannabis products to Australia through its subsidiary Valens Australia. In partnership with brand houses, consumer packaged goods companies and licensed cannabis producers around the globe, the Company continues to grow its diverse product portfolio in alignment with evolving cannabis consumer preferences in key markets. Through Valens Labs, the Company is setting the standard in cannabis testing and research and development with Canada’s only ISO17025 accredited analytical services lab, named The Centre of Excellence in Plant-Based Science by partner and scientific world leader Thermo Fisher Scientific. Discover more on The Valens Company at http://www.thevalenscompany.com.
