Valens GroWorks Corp.
Valens GroWorks Corp. is a CSE-listed company with an aggressive acquisition strategy in progress, providing management, consulting, testing and support services to domestic and international licensees, as well as financing the buildout of established, fully-licensed operations. The Company seeks to capture a broad spectrum of clinical trial and R&D clients, medical marijuana users, as well as recreational users once legalized, in pursuit of its ambitious seed to sale and farm to pharma objectives.
The Company has two wholly-owned subsidiaries based in the Okanagan Valley of British Columbia: 1) Valens Agritech Ltd. (www.valensagritech.com) which holds a Controlled Drugs and Substances Dealers Licence at its state-of-the-art Health Canada inspected and approved two-acre secured site and 17,000 sf production facility in Kelowna, British Columbia, and is seeking to add a Licence to Produce and Licence to Sell to its operations, and 2) Supra THC Services Inc. (www.suprathc.com), a Health Canada Dealers-Licenced cannabis testing lab with an established scientific team supporting its operations, positioning to provide sector-leading analytical and proprietary services to Licensed Producers and ACMPR patients.
The Company's mission is to be the most profitable, fully-integrated Plants to Premium Products ("P2P") cannabis-focused company through the creation of a "Best Practices, R&D-backed, end-to-end Global Bioscience Platform".
Expansion of Kelowna Operations (Proposed)
Arizona – Joint Venture Cash Flow
MKV Ventures 1, LLC ("MKV"), a wholly-owned subsidiary of MKHS, LLC, has engaged VGW to help manage and fund expansion on its 9.5 acre operating site:
Near Term Business Catalysts
Sales & Brand Development
Positioning for the Future:
Premium Quality Specialty Cannabis and Services
High-Margin Natural Health Products (NHP)
Cannabis Natural Drug Discovery
Management and Directors
A. Tyler Robson, B.Sc., Director & Chief Executive Officer (Director of Operations, Valens Agritech)
Mr. Robson was Chief Operating Officer of the Company until taking the reins as Chief Executive Officer in May 2017. Mr. Robson provides consulting services on plant genetics, growing methods, and leading facility and soil grown techniques that ensures consistently produced medical marijuana of the highest quality.
Rob van Santen, CPA, CA, CMT, Director & Chief Financial Officer
Mr. van Santen has been Chief Executive Officer of the Company since October 2014 until May 2017, and led the Company's foray into the health science sector in 2015. Mr. van Santen has over 30 years of investment industry and financing experience. Mr. van Santen is Managing Director of Agilis Capital Corp.
Annie Storey, CPA, CA, BBA, Controller
Ms. Storey has over 25 years of accounting, reporting and financial management experience.
Gordon J. Fretwell, B.Com, LL.B., Secretary, Legal Counsel
Mr. Fretwell has been practicing securities law for over 25 years.
Dr. Rob O'Brien, Director (President, Valens Agritech, Chief Science Officer)
Dr. O'Brien is an innovation solution provider with a strong experience base in analytical chemistry, laboratory and research team management, scientific education and corporate management. He is a recognized expert and has been working with quality control protocols for Natural Health Products for over a decade.
David Gervais, Director
Mr. Gervais is a co-founder of Valens Agritech and former president of Northwest Supplements, a pharmaceutical wholesale company with international import/export capabilities. Since 2001 Mr. Gervais has focused on developing and implementing successful growing methods and systems, necessary to ensure healthy and successful commercial scale cannabis production.
John Binder, Independent Director
Mr. Binder is the founder, President and CEO of Avmax Group Inc., a Calgary based heavy aircraft maintenance and servicing facility, as well as Executive Vice-President for Regional Express Aviation Ltd. and Chairman of the Board and CEO of R1 Airlines Ltd. (and Regional 1's founder). Mr. Binder was recognized with the Ernst & Young Entrepreneur of the Year Award.
Timothy Tombe, Independent Director
Mr. Tombe is co-founder of Valens Agritech Ltd. and founded Advantage Microbial Solutions in 2009 to provide microbiological materials to the viticulture industry, and a wide variety of organically certified material for the agriculture and hydroponic industry.
On October 5, 2017, Valens GroWorks Corp. announced that its wholly owned subsidiary Valens Agritech Ltd. has signed a supply and sales agreement with Canopy Growth Corp. for the distribution, marketing and sale of the Company's branded products through Canopy Growth's extensive CraftGrow distribution network, including the Tweed Main Street website.
On October 3, 2017, Valens GroWorks Corp. announced that it has formed a research partnership with UBC Okanagan (University of British Columbia) and Thompson Rivers University. Dubbed the Cannabis Bioproducts Toolbox, this collaborative research project will explore the vast range of bioproducts that can be made from the plant – these include pharmaceuticals, nutritional products and industrial fibre.
On August 11, 2017, Valens GroWorks Corp. announced that is closing 3,250,615 units for proceeds of $3,250,615, the first tranche of its non-brokered private placement, to raise up to $4-million at a price of $1 per unit, as announced on July 26, 2017.
On July 26, 2017, Valens GroWorks Corp. announced that it has arranged a non-brokered private placement of up to four million units at a price of $1 per unit for gross proceeds of up to $4-million.
The net proceeds of the offering will be used for plant expansion, including additional growing and oil extraction capacity at existing facilities; marketing and branding initiatives; and other growth opportunities and general corporate purposes.