Investment News: Cannabis Extraction Agreement

May 3, 2019

Valens GroWorks and HEXO Corp sign 2 Year Extraction Agreement

This contract allows Valens to provide cannabis and hemp extraction services for HEXO.In this 2-year term. HEXO will supply 30,000 KG of cannabis and hemp in the first year and 50,000 KG in the second.After, Valens extracts this material with their leading extraction processing methods on a fee for service basis into resins and distillates.In addition to being a cannabis product and service provider, Valens is known for their "best in class" extraction services. While, HEXO is a leading cannabis producer.The process awaits to start early Q3 of 2019. However, after the first year the contract can close with 90 days written notice.Overall, both parties are happy to work together and look forward to creating high-class and innovative products.“As the cannabis market continues to evolve with the pending legalization of additional auxiliary products later this year, we are honoured to be recognized by the leaders in the industry like HEXO...” says Tyler Robson, CEO of Valens GroWorks according to the press release.For more information on Valens (VGW:CSE) and HEXO Corp. (HEXO:TSX) read the press release here and please fill out the form below.

More about Investment News

BTV- Business Television’s Investment News is a weekly segment piece of market investor opportunities and announcements from small cap companies.

No tags

Detailed Quote

Invalid Symbol:

You might also like

BTV
BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

Tune into BTV-Business Television and Discover Investment Opportunities featuring seven standout companies making major moves globally.

BTV
Freshslice Pizza: A Franchise Built for Success

Freshslice Pizza is revolutionizing the franchise model with a cost-effective system, eliminating royalties and maximizing franchisee profitability.

Content Broadcast on: BNN Bloomberg, CNBC, FOX Business News, BIZTV, Reuters, The Globe and Mail, YouTube and more!