This leading cannabis consumer company is looking to strengthen its dominance in the recreational cannabis market with high growth and innovative products.
The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) has acquired the Citizen Stash Cannabis Corp., as Valens looks to strengthen its position in the recreational market with the ownership of premium cannabis genetics, strains and products.
The acquisition of Citizen Stash provides a rapidly growing adult-use premium cannabis brand offered in nine Canadian province. Valens now has a manufacturing and brands portfolio that focuses on two high growth categories of premium flower and 2.0 products.
Shares of Valens were trading up 16 percent on the news.
