KELOWNA, BC, Aug. 19, 2019 /CNW/ - Valens GroWorks
Corp. (TSXV: VGW) (OTCQX: VGWCF) (the "Company" or
"Valens"), a vertically integrated provider of industry
leading extraction products and services; including a diverse suite
of extraction methodologies, next generation cannabinoid delivery
formats and an ISO 17025 accredited analytical lab is pleased to
announce the Company has qualified to trade on the OTCQX® Best
Market in the U.S.
The Company's shares will begin trading, at market open today,
on OTCQX under the ticker symbol "VGWCF". Quotes and market
information are now available at:
www.otcmarkets.com/stock/VGWCF/quote
"We are excited to begin trading on the OTCQX Best Market.
Access to trading on OTCQX, combined with the current work underway
to finalize the Company's DTC eligibility, will increase Valens'
presence with United States
investors, providing increased liquidity to the Company's growing
shareholder base," says Tyler
Robson, Valens CEO.
"We are pleased to welcome Valens GroWorks Corp. to the OTCQX
Best Market," said Jason Paltrowitz,
EVP of Corporate Services at OTC Markets Group. "Graduating to the
OTCQX Market from the OTCQB Market is an important milestone for
companies seeking to build visibility and long-term shareholder
value in the public market. Congratulations to Valens GroWorks on
upgrading to the OTCQX Market."
Valens' common shares continue to trade on the TSX Venture
Exchange under the symbol "VGW".
About Valens GroWorks
Valens GroWorks Corp. (TSXV:VGW) (OTCQX:VGWCF) is a
multi-licensed, vertically-integrated cannabis company focused on
being the partner of choice for leading Canadian and international
cannabis brands by providing best-in-class, proprietary services
including CO2, ethanol, hydrocarbon, solvent-less and terpene
extraction, analytical testing, formulation and white label product
development. Valens is the largest third-party extraction
Company in Canada with an annual
capacity of 425,000 kg of dried cannabis and hemp biomass at our
purpose-built facility in Kelowna,
British Columbia which is in the process of becoming
European Union (EU) Good Manufacturing Practices (GMP)
compliant. Additionally, our subsidiary Valens Labs is a Health Canada licensed ISO
17025 accredited cannabis testing lab providing sector-leading
analytical services and has partnered with Thermo Fisher Scientific
to develop a Centre of Excellence in Plant-Based Science. For
more information, please visit http://valensgroworks.com. The
Company's investor deck can be found specifically at
http://valensgroworks.com/investors/
Notice regarding Forward Looking Statements
This news release contains certain "forward-looking statements"
within the meaning of such statements under applicable securities
law. Forward-looking statements are frequently characterized by
words such as "anticipates", "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed", "positioned" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. These statements are only predictions. Various
assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout
this news release. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
The Corporation is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
The TSXV or other regulatory authority has not reviewed,
approved or disapproved the contents of this press release. We seek
Safe Harbour.
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SOURCE Valens GroWorks Corp.