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The Valens Company Closes Previously Announced Bought Deal Financing Including Exercise Of Over-Allotment Option

PRIVATEApr 05, 2022

Round Type

Funding Round

KelownaCommunity And LifestyleConsumer GoodsHealth CareFood And Beverage

Description

The Valens Company Inc. (TSX: VLNS) (NASDAQ: VLNS) (the "Company," "The Valens Company" or "Valens"), a leading manufacturer of cannabis products, is pleased to announce the closing of its previously announced bought deal public offering (the "Offering") of units of the Company (the "Units") for total gross proceeds of approximately CDN$32.3 million. The Company sold 12,205,186 Units at a price of CDN$2.65 per Unit, including 1,591,979 Units sold pursuant to the exercise of the underwriters' over-allotment option.

Quick answer

The Valens Company raised an undisclosed amount in a Funding Round round, dated April 5, 2022. The Valens Company is based in Kelowna, British Columbia, Canada.

How much did The Valens Company raise?
The Valens Company raised an undisclosed amount in a Funding Round round on April 5, 2022.
What does The Valens Company do?
The Valens Company is a leading manufacturer of cannabis products with a mission to bring the benefits of cannabis to the world.
Where is The Valens Company based and how big is it?
The Valens Company is based in Kelowna, British Columbia, Canada.

Source: Fundz verified event record.

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.

  • Toothsi raised $40M (Funding Round) on May 2, 2022.
  • JoyBridge Kids raised an undisclosed amount on May 16, 2022.
  • Love Pharma raised an undisclosed amount (Funding Round) on May 6, 2022.
  • UPSIDE Foods raised $400M on May 5, 2022.
  • Upty raised an undisclosed amount (Seed) on April 25, 2022.
  • Sten Ti T raised $1.9M (Seed) on April 25, 2022.

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Company Information

Company

The Valens Company

Location

Kelowna, British Columbia, Canada

About

The Valens Company is a leading manufacturer of cannabis products with a mission to bring the benefits of cannabis to the world. The Company provides proprietary cannabis processing services, in addition to best-in-class product development, manufacturing, and commercialization of cannabis consumer packaged goods. The Valens Company's high-quality products are formulated for the medical, health and wellness, and recreational consumer segments, and are offered across all cannabis product categories with a focus on quality and innovation. The Company also manufactures, distributes, and sells a wide range of CBD products in the United States through its subsidiary Green Roads, and distributes medicinal cannabis products to Australia through its subsidiary Valens Australia. In partnership with brand houses, consumer packaged goods companies and licensed cannabis producers around the globe, the Company continues to grow its diverse product portfolio in alignment with evolving cannabis consumer preferences in key markets. Through Valens Labs, the Company is setting the standard in cannabis testing and research and development with Canada's only ISO17025 accredited analytical services lab, named The Centre of Excellence in Plant-Based Science by partner and scientific world leader Thermo Fisher Scientific. Discover more on The Valens Company at http://www.thevalenscompany.com.

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