Amount Raised
C$40 Million
Round Type
Debt Financing
KelownaCommunity And LifestyleConsumer GoodsHealth CareFood And BeverageDescription
The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) (the "Company" "The Valens Company" or "Valens"), a leading manufacturer of cannabis products, announces that it has entered into a secured non-revolving term loan (the "Loan Agreement") with 2361380 Ontario Limited , a private institutional lender, for an aggregate principal amount up to CAD$40 million (the "Loan"). The Loan will accrue interest at a rate of 10% per annum, payable quarterly, and matures on December 15, 2023 with an initial interest payment date on December 31, 2021. Proceeds from the Loan will further strengthen the Company's balance sheet, allowing it to execute on its corporate strategy and fund working capital needs as the business continues its aggressive growth trajectory, as well as immediately retire the remaining $7.5 million outstanding under its existing debt facility.
Who else raised in Community And Lifestyle and Consumer Goods around the same time
Companies in the same sectors as The Valens Company that raised within 45 days of this round, from Fundz verified event records.
- PetPlate, Inc. raised $16M on December 17, 2021.
- PetPlate, Inc. raised $19M (Series B) on December 15, 2021.
- Vangst raised $19M (Series B) on January 13, 2022.
- Cresco Labs raised $62M on December 21, 2021.
- Day Three Labs Inc raised $4.4M (Seed) on December 16, 2021.
- Medicine Man Technologies, Inc. raised an undisclosed amount (Funding Round) on December 3, 2021.
Who to call at The Valens Company, and when
A new round usually means The Valens Company is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day The Valens Company raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at The Valens Company, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at The Valens Company. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment The Valens Company raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
The Valens Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.