Click to enlargeAfter striking a recent white-label supply deal with TREC Brands, Kelowna, BC-based cannabis extraction company Valens GroWorks Corp. (CSE: VGW) said late last week it will work with Verse Cannabis to sell new extractable products to the Canadian market in a five-year supply deal.

Valens will make a ‘hydrocarbon-derived crumble’ and a line of vape devices under a new Verse-managed brand. In an announcement to clients, Canaccord Genuity analyst Kimberly Hedlin said interest in these new products is likely to be high. She added that Valens’ move to work with a relatively unknown partner “suggests that Valens likely received very favourable terms on the contract.”

Tyler Robson, Chief Executive Officer of The Valens Company, commented:

“We are excited to develop new, long-awaited products with a brand that values quality and innovation as much as we do. In partnership with Verse, we will be introducing a wide assortment of reimagined cannabis products yet to be seen in the legal Canadian market, but very much in line with the expectations of experienced cannabis users.”

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