Valens enters into cannabis extraction agreement with Organigram.
M2 PHARMA-January 30, 2019-Valens enters into cannabis extraction agreement with Organigram
(C)2019 M2 COMMUNICATIONS
Cannabis services company Valens GroWorks Corp (CSE:VGW)(OTC:VGWCF) said on Tuesday that it has signed a agreement for cannabis and hemp extraction services with Organigram Inc (TSXV:OGI)(OTC:OGRMF) with immediate effect.
Under the terms of the multi year agreement, Valens will extract cannabis flowers and trim from Organigram's Moncton operation as well as hemp to produce extract concentrate. The concentrate will be used by Organigram to produce oils and eventually, derivative edible and vaporizable cannabis products.
Pursuant to the agreement, Valens will provide lab services for Organigram as needed.
The legalization of cannabis edibles and other derivative based products in Canada is expected later this year.
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|Date:||Jan 30, 2019|
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