Valens Groworks Corp (CNSX:VGW) reported that its subsidiary unit Valens Agritech Ltd. a Health Canada Licensed Dealer, has finalized a supply and sales deal with Canopy Growth Corp (TSE:WEED) for the marketing, sale and distribution of the firm’s branded offerings through Canopy Growth’s CraftGrow distribution network to take effect upon Valens obtaining a Health Canada license under the ACMPR. The agreement secures a diverse supply of curated offerings for Canopy Growth and a dependable sales channel and source of revenue for Valens.
Tyler Robson, the CEO of Valens GroWorks, expressed that this supply and sales deal with Canopy Growth is a notable milestone guaranteeing a secure revenue stream from their production while establishing brand recognition via a substantial distribution pipeline, after turning a Licensed Producer under the ACMPR.
This is the start of a long-term association through which they will be able to commercialize their innovative product strains and unique technologies for mutual benefit. By joining CraftGrow, they also have the prospect to work with Canopy’s expert team to share technology, best growing practices and know-how to increase yield and ensure the top quality offerings.
Canopy Growth is Canada’s renowned cannabis firm with global reach and a reputation for associating with some of the leading names in the cannabis market. Valens joins a select group of firms in the CraftGrow plan. Mark Zekulin, the President of Canopy Growth, reported that they welcome Valens to their family and look forward to associating with their team to offer a high-quality and steady source of cannabis offerings to increase product variety for their consumers.
CraftGrow intends to establish an ecosystem of fantastic alternatives for patients and they look forward to counting the Valens offering into their shop and onto store shelves as the company continue work through provincial jurisdictions to ensure a national presence for its brands and partners.