The Valens Company Awarded Wholesale Licences to Sell and Supply Cannabis-Derived Medical Products in Australia

KELOWNA, BC, Nov. 3, 2020 /PRNewswire/ –The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company” or “The Valens Company”),a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, today announced that the Victoria State Government in Australia has granted its wholly-owned subsidiary, Valens Australia Pty Ltd. (“Valens Australia”), the wholesale licences required to sell and supply Schedule 4 and Schedule 8 cannabis-derived products under its own title in accordance with the Drugs, Poisons and Controlled Substance Act 1981, further expanding the Company’s capabilities in Australia.

With the wholesale licences, Valens Australia is permitted to provide premium derivative products containing Cannabidiol (CBD) and/or Tetrahydrocannabinol (THC) directly to the medicinal cannabis market in Australia. The two wholesale licences remain active for one year after which they are eligible for renewal. The Company will continue…