Valens GroWorks Corp (CVE:VGW) (OTCMKTS:MYMSF) has boosted its footprint, opening new offices in Toronto, as it pushes forward its geographic expansion.
"Toronto will be a hub for international growth and business development and complement the incredible operational platform we have built in Kelowna," said CEO Tyler Robson. "This is an exciting milestone as we continue to advance our business and accelerate our growth into new regions. Having a base in Toronto also increases our access to the institutional investment community."
The firm said opening offices in downtown Toronto is a "key next step" in the evolution of Valens.
"A Toronto office improves the company's ability to realize on a number of international opportunities, increases its ability to attract and retain top talent, coordinate global operations, manage international customer relationships and expand access to the institutional investment community," noted the firm in a release.
Kelowna-based Valens is a multi-licensed provider of cannabis products and its services are focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification, as well as associated quality testing. Valens has extraction processing and supply agreements with a number of leading producers across Canada.
Shares of Valens were at C$3.52 on Tuesday.
Contact Katie Lewis at [email protected]