Valens GroWorks, a Vertically Integrated Provider of Cannabis Products, Announces a Non-Brokered Private Placement – Video News Alert on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – July 28, 2017) – Valens GroWorks (CSE: VGW), a vertically integrated provider of cannabis products, has announced a non-brokered private placement. The company plans to raise gross proceeds of up to $4 million from the issuance of up to 4 million units priced at $1.00 per unit.

InvestmentPitch Media has produced a “video news alert” which provides a brief overview of this news. If this link is not enabled, please visit http://ift.tt/1h0J9Vw and enter “Valens” in the search box. It is also available for viewing on YouTube (click here).

Cannot view this video? Visit:
http://ift.tt/2tPUiIY

Each unit consists of one share and one-half a warrant, with each full warrant exercisable at $1.50 for 12 months, subject to an acceleration clause. The company anticipates significant insider participation in the offering.

Proceeds will be used for plant expansion, including additional growing and oil extraction capacity at existing facilities, marketing and branding initiatives, other growth opportunities and general working capital.

The company has two wholly-owned subsidiaries based in the Okanagan Valley of British Columbia. Valens Agritech (http://ift.tt/2u4JoKH) holds a Controlled Drugs and Substances Dealers Licence at its state-of-the-art production facility in Kelowna, British Columbia. Supra THC Services, (www.supraTHC.com) a Health Canada licensed cannabis testing lab, provides sector-leading analytical and proprietary services to Licensed Producers and ACMPR patients.

The company has an aggressive buildout strategy in progress, as it seeks to capture a broad spectrum of clinical trial and R&D clients, medical marijuana users, as well as adult recreational users once legalized, in pursuit of its ambitious seed-to-sale and farm-to-pharma objectives. The company also provides management, consulting, testing and support services to domestic and international licensees, as well as financing and managing the buildout of fully-licensed 3rd party operations.

The shares are currently trading at $1.05, and with 53.2 million shares outstanding, the company is capitalized at $55.9 million.

For more information, please visit the company’s websites http://ift.tt/2lrs81J, contact Greg Patchell at 250-860-8634 or by email at info@ValensGroWorks.ca.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

from Newsfile Corp News Releases http://ift.tt/2tQ3b5d

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s