December 22, 2021 at 7:23 am
Revealed by NCV Newswire
The Valens Firm Enters Manufacturing Partnership with MTL Hashish for Extraction and Manufacturing of Pre-rolls and Vapes
KELOWNA, BC, Dec. 22, 2021 /PRNewswire/ – The Valens Firm Inc. (NASDAQ: VLNS) (TSX: VLNS) (the “Company” or “The Valens Company”), a number one producer of hashish merchandise, declares it has entered into a producing partnership with Montreal Hashish Médical Inc. (“MTL” or “MTL Cannabis”) to offer manufacturing and extraction providers for MTL’s pre-rolls and vapes.
Valens expects the contract to start on the finish of the primary quarter of fiscal 2022.
MTL is a flower first firm dedicated to bringing craft hashish to the plenty by way of a five-step course of that features an award-winning hydroponic system, hang-drying, and hand-trimming. With industry-leading yields, MTL provides prime quality hashish at a aggressive worth level. Since its adult-use market launch in October 2020, MTL Hashish has emerged as one among Canada’s fastest-growing dried flower client manufacturers, inserting within the prime 5 in dried flower gross sales in most provinces.
MTL has demonstrated the form of success, consistency and high quality that The Valens Firm appears to be like for in a companion.
Tyler Robson, CEO of The Valens Firm
We’re excited to increase our presence with one of many quickest rising and respected flower client manufacturers in Canada.
“Valens not only has one of the broadest ranges of manufacturing capabilities but also shares the same commitment to consumers and quality that we do,” mentioned Richard Clement, CEO of MTL Hashish. “We look forward to working with Valens to expand our offering for consumers in a greater variety of formats.”
At Valens, it’s private.
About The Valens Firm
The Valens Firm is a number one producer of hashish merchandise with a mission to carry the advantages of hashish to the world. The Firm offers proprietary hashish processing providers, along with best-in-class product improvement, manufacturing, and commercialization of hashish client packaged items. The Valens Firm’s high-quality merchandise are formulated for the medical, well being and wellness, and leisure client segments, and are provided throughout all hashish product classes with a deal with high quality and innovation. The Firm additionally manufactures, distributes, and sells a variety of CBD merchandise in the US by way of its subsidiary Inexperienced Roads, and distributes medicinal hashish merchandise to Australia by way of its subsidiary Valens Australia. In partnership with model homes, client packaged items corporations and licensed hashish producers across the globe, the Firm continues to develop its various product portfolio in alignment with evolving hashish client preferences in key markets. By way of Valens Labs, the Firm is setting the usual in hashish testing and analysis and improvement with Canada’s solely ISO17025 accredited analytical providers lab, named The Centre of Excellence in Plant-Primarily based Science by companion and scientific world chief Thermo Fisher Scientific. Uncover extra on The Valens Firm and its subsidiaries at http://www.thevalenscompany.com.
MTL Hashish is a privately-owned Canadian Licence Holder situated in Montreal, Quebec. As a flower-first firm constructed for the fashionable avenue, MTL Hashish is a 57,000 sq ft licensed facility with room to increase to 130,000 sq ft within the current 2 buildings and attainable growth to over 300,000 sq ft. Beneath the prevailing footprint, the indoor facility makes use of proprietary hydroponic rising methodologies supported by handcrafted strategies to provide merchandise which are actually craft for the plenty. MTL Hashish at present produces over 13,000 kgs yearly, yielding over 2kg per mild. With provide offers in 9 Canadian provinces, the corporate constantly hits prime 5 in dried flower gross sales. MTL is the recipient of the Develop Up Awards ‘Craft Grower of the Year’ and ‘Best Hydroponic System’ and KIND Journal’s Budtenders Selection for ‘Sativa of the Year’ for its signature pressure, Sage n’ Bitter.
MTL Hashish’ purpose has been clear from the beginning, be the model that brings the perfect of the road to the cabinets by staying dedicated to the craft. Please go to http://www.mtlcannabis.ca/
Unique press launch