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Valens Company Inc (OTCMKTS: VLNCF) Acquires Leading, Premium Craft Licensed producer, Citizen Stash Cannabis Corp

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Valens Company Inc (OTCMKTS: VLNCF), a leading manufacturer of cannabis products, announced that it entered into an agreement with Citizen Stash Cannabis Corp on August 31. According to the arrangement agreement, Valens Company will acquire all the outstanding common shares of Citizen Stash under the Canada Business Corporation Act. Moreover, the overall transaction is valued at $54.3 million. As per the agreement, Citizen Stash shareholders will acquire 0.1620 of a Valen share by the exchange ratio. 

Agreement’s Highlights

The Acquisition of Citizen Stash is expected to be gradual to Valens in 2021 and 2022 before cooperation and will provide Valens with flower from asset-light expansion and pre-rolls. This acquisition is expected to harden Valen’s position as a top and strong cannabis company by advancing its market share and adding premium and innovative flower brands to its portfolio. By closing the transaction of Citizen Stash will mark the third acquisition, Valens Company made this year. This acquisition will allow Valens to create a dominating global cannabis manufacturing platform, acquire market share by launching innovative products with unique consumer experiences, and expand its distribution network for the worldwide opportunity. 

Citizen Stash is a leading cultivator and processor of premium cannabis products, which will provide the best opportunity to gain additional growth for Valens with its specialized portfolio in the premium pre-roll and flower segments. Moreover, Citizen Stash is one of the top manufacturing premium brands in the flower and pre-roll categories. According to the Hifyre data, Citizen Stash is the highest-ranked brand in the flower category. 

Tyler Robson’s Statement

Chief Executive Officer of the Valens Company, Taylor Robson, said that Valens is excited to partner with Citizen Stash’s team and wider their offering in the flower and pre-roll with the best class brand. The premium price tier of the segments represents the expansion chance for their company in the flower category, as premium brands are not that easy to build while also acquiring the highest margins. Moreover, the asset-light model and genetics of the Citizen Stash will enable Valens to provide operational flexibility and a chance to leverage the developing capabilities of Valens’ existing LP partners. 

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