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SNDL Announces Restructuring, Consolidation Of Cannabis Segments: Here's What It Means
Tuesday, July 16, 2024 - 10:26am | 613SNDL Inc. (NASDAQ:SNDL), which announced its restructuring project on Tuesday, also said that as part of these operational adjustments, it is consolidating its cannabis segments into a single unit under the leadership of Tyler Robson. Why It Matters The consolidation is intended to enhance...
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More Savings, No Disruptions: Canadian Weed Co. Makes Strategic Move To Boost Operations
Friday, October 20, 2023 - 9:42am | 623SNDL Inc. (NASDAQ: SNDL) announced additional optimizations of its facility footprint on Thursday to boost its cannabis operations segment. What Happened The Calgary, Alberta-based company said it would consolidate all cultivation activities at its Atholville, New Brunswick facility following the...
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Cannabis Giant SNDL Grows Bigger: Finalizes Valens Acquisition Becoming 'A Leader And Trusted Partner' In Canadian Marijuana Space
Tuesday, January 17, 2023 - 11:31am | 768SNDL Inc. (NASDAQ: SNDL) completed the previously disclosed acquisition of all of the issued and outstanding common shares of The Valens Company Inc. (NASDAQ: VLNS) (TSX:VLNS), other than those held by SNDL and its subsidiaries, pursuant to a plan of arrangement under the Canada Business...
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Valens Shareholders Approve The Arrangement With SNDL
Wednesday, November 30, 2022 - 11:43am | 440The Valens Company Inc. (NASDAQ: VLNS) (TSX:VLNS) announced that its shareholders have voted in favor of the resolution approving the plan of arrangement pursuant to which SNDL Inc. (NASDAQ: SNDL) will acquire all of the issued and outstanding common shares of Valens on the basis of 0.3334 of a...
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Valens Secures License To Sell Micro Processed Cannabis Products From Its Pommies Beverage Facility
Thursday, November 3, 2022 - 10:08am | 373The Valens Company Inc. (TSX: VLNS) (NASDAQ: VLNS) has received a sales license amendment from Health Canada for its Pommies manufacturing facility located in the Greater Toronto Area to sell micro processed cannabis products directly to provincial distributors. Prior to this announcement, Valens...
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Valens Shares Slightly Up On Declining Quarterly Revenue
Thursday, October 13, 2022 - 8:58am | 473The Valens Company Inc. (TSX:VLNS) (NASDAQ: VLNS) reported Thursday its third quarter fiscal year 2022 financial results for the period ended August 31, 2022, revealing net revenue of CA$20.3 million ($14.1 million), down by 15.4% from CA$24.0 million in the previous quarter. Quarterly Highlights...
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The Valens Company Nominates Independent Director To Board Of Directors
Wednesday, July 20, 2022 - 7:41am | 460The Valens Company Inc. (NASDAQ: VLNS)(TSX:VLNS) revealed that Aïda Moudachirou-Rébois, senior vice president and global chief marketing officer at MAC Cosmetics, intends to stand for election to its board of directors at the annual general meeting of shareholders of The Valens Company...
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The Valens Company Q2 2022 Revenue Grows Slightly YoY, What About Adjusted EBITDA?
Thursday, July 14, 2022 - 9:05am | 545The Valens Company Inc. (NASDAQ: VLNS) (TSX:VLNS) released its second quarter fiscal year 2022 financial results for the period ended May 31, 2022, revealing net revenue of CA$24.0 million ($18,22 jmillion), representing an increase of 3.5% over Q1 2022. Q2 Fiscal 2022 Highlights: Adjusted gross...
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The Valens Company Signs Exclusive Cannabis Partnership With Coldhaus Distribution
Wednesday, June 22, 2022 - 8:18am | 379The Valens Company Inc. (NASDAQ: VLNS) (TSX: VLNS) has secured an exclusive cannabis partnership with Coldhaus Distribution to provide integrated logistics solutions for Valens-branded cannabis products across Ontario, Alberta, and British Columbia. Pursuant to the two-year partnership, Coldhaus in...
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The Valens Company Launches Exclusive Cannabis Brand In Quebec, Receives Notice From NASDAQ
Thursday, June 16, 2022 - 8:00am | 683The Valens Company Inc. (NASDAQ: VLNS) (TSX:VLNS) a leading manufacturer of branded cannabis products, launched a Quebec-exclusive brand, Bon Jak. Valens continues to build its presence in Quebec with the addition of several exciting new SKUs under the Bon Jak brand, which is focused on delivering...
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The Valens Company Secures Agreement For Green Roads Kiosks In Major Malls Across The US
Thursday, April 21, 2022 - 12:26pm | 396Green Roads, Inc. wholly-owned subsidiary of The Valens Company Inc. (NASDAQ: VLNS) (TSX:VLNS) has entered into an agreement with Signifi Solutions, Inc. to place cloud managed Green Roads smart kiosks in various premium mall locations around the U.S. Green Roads and Signifi Solutions, Inc. have...
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Valens Company Q1 Revenue Increases 26% Sequentially To $18.5M
Wednesday, April 13, 2022 - 8:02pm | 541The Valens Company Inc. (TSX: VLNS) (NASDAQ: VLNS), a leading manufacturer of cannabis products, reported its first-quarter fiscal year 2022 financial results late on Wednesday. Highlights Net revenue grew 26.1% sequentially to $23.2 million from $18.4 million in Q4 2021. Net revenue was primarily...
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The Valens Company Improves Recreational Cannabis Market Share In Canada
Thursday, March 17, 2022 - 8:18am | 272The Valens Company Inc. (Nasdaq: VLNS) (TSX:VLNS) provided an update on its recent recreational market share in Canada. Tyler Robson, CEO, co-founder and chair of The Valens company, stated "We have shown strong quarter-over-quarter growth, as we continue to execute on our business strategy...
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The Valens Company Posts 67% Higher Loss, Provides Strong 2023 Guidance With Revenue Of CA$225M
Tuesday, March 1, 2022 - 10:07am | 767The Valens Company Inc. (TSX: VLNS) (NASDAQ: VLNS) reported its fourth quarter and fiscal year financial results for the period ended November 30, 2021. "This quarter showcases the progress we have made in our business plan in key areas despite a competitive and challenging operating...
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The Valens Co. Begins Producing Cannabis-Infused Beverages At GTA Facility, Signs Manufacturing Partnership
Thursday, February 10, 2022 - 11:06am | 516The Valens Company Inc. (TSX: VLNS) (NASDAQ: VLNS) announced the successful commissioning and completion of first shipments from Pommies – also known as Southern Cliff Brands - located in the Greater Toronto Area. What Happened? The 30,000 square feet GTA facility received a micro-processing...