Valens Company Expands to Quebec
Oct 19, 2021 By MarketDepth
The Valens Company (TSX: VLNS) (OTCQX: VLNCF) announced its entry into the Quebec market yesterday. The company executed a letter of intent with Société québécoise du cannabis to distribute its cannabis within the province.
Quebec Third Largest Market in Quebec
We are pleased to announce the entrance into the Québec marketplace,” said Tyler Robson, Chief Executive Officer, Co-Founder, and Chair of The Valens Company. Quebec is the third largest cannabis market in Canada, as over 20% of the Canadian population calls the province home, which accounts for approximately 15% of Canadian cannabis retail sales in the country. Valens Company products will soon be available to over 95% of the Canadian population, and Quebec marks its 8th provincial distribution agreement.
“This is an important milestone for The Valens Company with a national distribution platform that now makes our products accessible to over 95% of the Canadian population. This letter of intent showcases our innovation and consumers should expect new product offerings coming to the Québec marketplace soon. We expect our products to be first available at the beginning of 2022.”Tyler Robson, CEO, Co-Founger and Chair of The Valens Company