singhinvestor16
6 years ago
Valens Groworks Attracting Big Money
There is an interesting pattern developing in the cannabis market. I have noticed about 5 stock market plays in the United States where highly successful real estate developers have created a hybrid partnership with cannabis companies. The end result is a world class commercial real estate play dedicated to cannabis cultivation.
Any commercial real estate developer knows that long-term tenants are a key part of the formula of a successful real estate venture in the commercial real estate market. Some market experts say which I believe that cannabis is the next great American market which will become the next great world market. It may in time dwarf the tobacco market. Large commercial real estate money is now flowing into the cannabis market. In other words, smart money with deep pockets is flowing into the cannabis market. I would suggest to look at these public companies that are forming these partnerships.
Take a look at Kosha in the press release below and as you can see, this is exactly what is happening with Valens. In one particular opportunity, I was part of a discussion with a multi-billion dollar Los-Angeles-based commercial real estate developer building a facility for the express purpose of partnering with a cannabis play.
Valens Groworks seems to be doing the same thing. Here is the press release.
Valens Groworks Finalizes Greenhouse Production Plans
Kelowna, B.C. -- June 20, 2018 -- InvestorsHub NewsWire -- Valens GroWorks Corp. (CSE: VGW) (the “Company” or “Valens”), a multi-licensed, vertically integrated provider of cannabis products and services utilizing proprietary extraction processes, is pleased to provide an update on subsidiary Valens Farms’ state-of-the-art, purpose-built 400,000 sq ft, expandable (to 800,000 sq ft) cannabis cultivation and production facility, currently under development.
“I am extremely excited to confirm the following highlights and key participants brought together to complete the Valens Farms facility.” said Tyler Robson, Valens CEO. “The intent is to build a facility nothing short of world-class as Valens continues to evolve into a vertically-integrated provider of Valens-branded cannabis consumer products with the ability to quality control every batch of input.”
About Valens Farms - $75,000,000 joint venture development of prime acreage with a purpose-built, state-of-the-art, European GMP-certified cultivation center within the municipality of the City of Armstrong.
• Phase 1 buildout to 400,000 sq ft (permitted for up to 800,000 sq ft);
• Zero cash outlay for Valens, with Kosha contributing 100% of land, building and equipment costs;
• All hard assets will be split 50/50 between Kosha and Valens, thereby providing $37.5 million of net assets to Valens’ balance sheet with no cash outlay or liability incurred;
• Valens’ current Dealers License and GMP-certified facility in Kelowna is leveraged through Valens Farms’ production, enhancing opportunities to export cannabis products internationally;
• Initial crop planting at joint venture facility is expected in Q4 2018, with Valens and Kosha to split profits on a 50/50 basis following cost recovery by Kosha;
• Valens Farms is expecting Phase 1 production of up to 56,000 kg per year of premium monocrop cannabis, primarily for extraction purposes. Monocropping minimizes grow time, allows greater crop turnover, and is expected to enhance profit margins;
• Subsidiary Valens Agritech will extract cannabis all produced at Valens Farms for further processing into higher-margin Valens-branded products for medical, as well as the expected recreational cannabis markets in Canada and internationally.
Valens Farms has contracted a proven, professional team to help reach its objective of capitalizing on a systematic and efficient growing approach that enhances productivity and efficiency and reduces waste and maintenance costs in comparison to a retrofitting of existing buildings approach.
In addition to the specific contributions and skillsets of each of the partners, the following are some of the key contributors to the Valens Farms buildout:
• Nexus Greenhouse Systems is an industry leader in greenhouse construction, with 50 years of in-house engineering experience and the successful installation of many cannabis greenhouse projects all over North America. Their System 420TM hybrid greenhouses offer engineering excellence and high-quality design. Greenhouse growing allows Valens Farms to maximize the use of natural sunlight along with supplementary lighting to grow vigorous, lush crops while reducing production utility bills by up to 75%.
• DIRTT Environmental Solutions is designing and constructing the headhouse. They are known for constructing quality special-purpose interiors efficiently, which conforms to our aggressive build-out strategy and GMP certification process. The headhouse will be fully integrated with our automated intelligence systems, providing the ability to maintain perfect environmental control within dedicated drying/curing and product storage rooms.
• Argus Controls is providing an advanced environmental control system customized to our requirements, and adaptable to changing needs, enabling our team to set and maintain optimal conditions to efficiently and consistently grow cannabis of the highest quality.
• Dramm Corporation is providing fully automated irrigation systems with the ability to precisely fertigate our plants multiple times a day, substantially reducing the cost of labor. Utilizing Dramm's option for water reclamation, we will minimize costs as well as our environmental footprint.
• PIPP Horticulture has been contracted to provide solutions that maximize our grow space by taking advantage of generally unused vertical square footage, particularly in our mother and vegetative grow rooms.
• Hove’s Canna Gutter Bench is providing additional solutions to help maximize grow space and work efficiency through the aid of rolling benches, taking usable grow space from 60% to as much as 90% while significantly aiding workers’ flow and ergonomics.
About Valens GroWorks
Valens GroWorks Corp. is a vertically integrated provider of Canadian cannabis products developed from our proprietary extraction techniques, with three wholly-owned subsidiaries located in and around Kelowna, BC. Subsidiary Valens Agritech has initiated cannabis production, processing and sales under a Health Canada Dealer’s Licence, which includes a supply agreement with Canopy Growth Corporation under their extensive CraftGrow distribution network. Subsidiary Supra THC Services is a Health Canada licensed ISO 17025 accredited cannabis testing lab providing sector-leading analytical services and has partnered with Thermo Fisher Scientific to develop a Centre of Excellence in Plant Based Medicine Analytics. Subsidiary Valens Farms is in the process of becoming a purpose-built facility in compliance with European Union (EU) Good Manufacturing Practices (GMP) standards, ensuring the product from this facility can be exported anywhere in the world where Cannabis is nationally legal for medical or adult usage purposes. For more information, please visit http://valensgroworks.com, http://www.valensagritech.com and http://www.suprathc.ca.
About Kosha Projects
Kosha’s principal, Ashley McGrath, has been involved in real estate development for 14 years as the president and owner of Glencoe Developments Inc. He has overseen all facets of the development business from land acquisition, planning, construction, finance and sales for over 850,000 square feet of development space. He owns and oversees the management of a $22.5 million rental portfolio of residential and commercial real estate. Mr. McGrath is also a shareholder in agribusiness operating over 400,000 square feet of indoor livestock production as well as a 23,000-acre grain farm.
For further information, please contact:
Scott Young
Telephone: +1.705.888.2756
Notice regarding Forward Looking Statements
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “anticipates”, "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", “positioned” and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
The CSE or other regulatory authority has not reviewed, approved or disapproved the contents of this press release. We seek Safe Harbour.
NYOptionsGuy
7 years ago
Valens GroWorks Creates Valens Farms subsidiary
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/04/11/VGW-Valens-GroWorks-Creates-Valens-Farms-subsidiary
VANCOUVER, April 11, 2018 /CNW/ - Valens GroWorks Corp. (CSE:VGW) (the "Company" or "Valens"), a multi-licensed, vertically integrated cannabis company specializing in extraction, processing and premium quality cultivation is pleased to announce the creation of a new subsidiary company, Valens Farms, to commercially produce premium quality specialty-strain cannabis using dedicated, sustainable monocropping technology, and to further expand our supercritical CO2-extracted cannabis oil capacity.
"This is a pivotal initiative for the Okanagan Valley, for British Columbia, the Canadian cannabis sector, and our goal of providing premium cannabis and derivatives to the world's natural health products industry," said Tyler Robson, CEO of Valens GroWorks. "We are very proud of what Valens Farms represents, as an important contributor to the local economy through investments and job creation, and as a partner in our previously announced Centre of Excellence in Plant Based Medicine Analytics initiative underway in nearby Kelowna."
Valens Farms enters into Joint Venture with Kosha Projects Inc.
Valens Farms is pleased to announce that it has broken ground and initiated construction on a purpose-built $75 million 400,000 square foot commercial cannabis production facility, being built in joint venture partnership with Kosha Projects Inc. ("Kosha"). The municipality of the City of Armstrong has approved the building of up to 851,200 square feet of greenhouse and indoor facilities, representing 40% site coverage on the 50-acre property currently owned by Kosha.
Ashley McGrath, President of Kosha states "I feel very fortunate to have the opportunity to work with a company that is passionate about what they do, about the products they produce, and has a particular focus on innovation and value. Valens benefits from our real estate planning and development experience and as an off-balance sheet funding source, and we in turn participate in the exciting growth potential of this nascent industry."
The joint venture partnership will see Kosha contribute the land and all facility development and construction costs and related expertise. Valens will provide design and outfitting inputs, budgetary guidance, consulting and advisory services during construction and development of the facility.
Valens Farms will operate the facility to commercially produce premium quality cannabis and expand the Company's supercritical CO2-extracted cannabis oil capacity. Upon initial construction and development cost recoupment by Kosha, each of Valens Farms and Kosha are entitled to 50% of the revenues earned, and a 50% interest in all the assets connected therewith.
About Valens Farms
Valens Farms is a wholly-owned subsidiary established to develop purpose-built cannabis-specific facilities to enable sustainable closed-system premium hybrid cannabis production of our specialty strains, where Valens' Master Growers can control the fundamentals from day one, rather than converting a greenhouse built for other purposes.
The first initiative for Valens Farms is to complete a 400,000 square foot controlled-environment strain-segregated hybrid greenhouse as part of a large-scale indoor facility on the 50-acre property through its joint venture with Kosha. All-in development costs to Kosha are estimated at $75 million. This property also allows for additional expansion beyond the current 40% site coverage limitation should the City of Armstrong recognise cannabis greenhouse cultivation similarly to other crop greenhouse operations, currently allowed 75% site coverage. Also, once Health Canada approves outdoor cultivation as anticipated, significant additional cannabis under cultivation is enabled, unbounded by current site coverage restrictions, which provides the Company with increased control over cannabis supply dedicated to our extraction capacity. Valens Farms is positioning to be the first partnership to serve the international medical cannabis market as well as the upcoming adult use Canadian recreational market.
About Kosha Projects
Kosha's principal is Ashley McGrath who has been involved in real estate development for 14 years as the president and owner of Glencoe Developments Inc. He has overseen all facets of the development business from land acquisition, planning, construction, finance and sales for over 850,000 square feet of development space. He owns and oversees the management of a $22.5 million rental portfolio of residential and commercial real estate. Mr. McGrath is also a shareholder in agribusiness operating over 400,000 square feet of indoor livestock production as well as a 23,000-acre grain farm.
About Valens GroWorks
Valens GroWorks is a multi-licensed, vertically integrated provider of Canadian cannabis products located in Kelowna, British Columbia. Subsidiary Valens Agritech has initiated cannabis production, processing and sales under a Health Canada Dealers Licence, which includes a supply agreement with Canopy Growth Corporation (TSX:WEED) under their extensive CraftGrow distribution network. Subsidiary Supra THC Services is a Health Canada licensed cannabis testing lab providing sector-leading analytical services and has partnered to develop a Centre of Excellence in Plant Based Medicine Analytics. For more information, please visit http://valensgroworks.com,
http://www.valensagritech.com and http://www.suprathc.ca.
On behalf of the Board of Directors,
VALENS GROWORKS CORP.
(signed) "Tyler Robson"
Chief Executive Officer
Notice regarding Forward Looking Statements
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
The CSE or other regulatory authority has not reviewed, approved or disapproved the contents of this press release. We seek Safe Harbour.
gogtrader
8 years ago
Valens GroWorks Announces Receipt of Dealer's Licence
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/18/17 -- Valens
GroWorks Corp. (CSE: VGW)(CSE: VGW.CN)(CNSX: VGW) (the "Company" or
"Valens") is pleased to announce Valens Agritech Ltd. ("VAL"), a
wholly owned subsidiary of the Company, has received a Dealer's
Licence pursuant to the provisions of the Controlled Drugs and
Substances Act and its Regulations and will now begin operations. The
issuance of the licence follows an extensive multi-year process that
included application, design, construction and security clearance of
key personnel.
Licensed activities will occur in VAL's 17,000 square foot production
facility located on two acres in Kelowna, British Columbia. VAL will
be able to conduct research and possess, produce and package cannabis
and cannabis derivatives. It can also undertake research and begin
development of products for future market opportunities.
"Pursuing and achieving this Dealers Licence reinforces our strong
commitment to the science and opportunities presented by this amazing
plant," said Tyler Robson, CEO of Valens GroWorks. Dr. Rob O'Brien,
President and Chief Science Officer of Valens Agritech added "This is
a critical milestone for Valens as it enables us to optimize our
process for growing the highest quality cannabis plant material and
converting this to oils and other derivatives."
About Valens GroWorks Corp.
Valens GroWorks Corp is a CSE-listed company with an aggressive
acquisition strategy in progress, financing the proposed buildout of
late-stage LP applicant Royal Green Acres Manufacturing, the
expansion of a third party's fully licensed operations in Arizona, as
well as providing management, consulting, testing and support
services to domestic and international licensees.
The Company has two wholly-owned subsidiaries based in the Okanagan
Valley of British Columbia: 1) Valens Agritech Ltd. ("VAL") which now
holds a Controlled Drugs and Substances Dealers Licence, and 2) Supra
THC Services Inc. ("Supra"), a Health Canada Dealers-Licensed
cannabis testing lab with an established scientific team supporting
its operations, positioning to provide sector-leading analytical and
proprietary services to Licensed Producers and ACMPR patients.
On behalf of the Board of Directors,
VALENS GROWORKS CORP.
Robert van Santen, Chief Financial Officer
Notice regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects" or "does not expect", "is expected",
"estimates", "intends", "anticipates" or is "anticipating", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company or its subsidiaries to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Examples of such statements include
statements regarding the use of proceeds from a proposed funding.
Such forward-looking statements are based on a number of assumptions
which may prove to be incorrect, including, but not limited to: the
ability to obtain any necessary financing; the economy generally;
competition; regulation and anticipated and unanticipated costs and
delays. The forward-looking statements included in this news release
are made as of the date of this news release and the Company does not
undertake an obligation to publicly update such forward-looking
statements to reflect new information, subsequent events or otherwise
unless required by applicable securities legislation. Neither the
Canadian Securities Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of this
release. We seek safe harbor.
Contacts:
Greg
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