KELOWNA, BC, Sept. 12, 2019 /CNW/ - Valens GroWorks
Corp. (TSXV: VGW) (OTCQX: VGWCF) (the "Company" or
"Valens"), a vertically integrated provider of industry
leading extraction products and services; including a diverse suite
of extraction methodologies, next generation cannabinoid delivery
formats and an ISO 17025 accredited analytical lab is pleased to
announce it has entered into an arm's length, binding,
five-year, white label cannabis infused beverage contract with the
cannabis division of Iconic Brewing, one of the leading innovative
beverage companies in Canada.
Valens is excited to announce a white label agreement with
Iconic to provide high quality extracts, formulation
services, and SōRSE™ emulsion IP for its cannabis infused
beverages. Iconic will brand and market the final product
across Canada. Under the terms of
the agreement, a minimum of 2.5 million cannabis infused beverages
will be produced over five years with the opportunity to expand on
the partnership with new product offerings in the near future.
"We are thrilled to partner with Iconic Brewing, one of the
fastest growing alcohol beverage companies in eastern Canada, to help create their new line of
cannabis-infused beverages," said Tyler
Robson, CEO of Valens. "Their ability to formulate and
forecast trends is second to none, as demonstrated by the success
of their current beverage products including Cottage Springs Vodka
Soda, Picnic Wine Co, Liberty
Village, and Cabana Coast. To service this agreement, we
will be using our proprietary emulsion solution,
SōRSE™ Technology, which creates oil-based ingestible
products, including beverages, that offer a consistent experience
with fast onset and offset."
Cole Miller, who leads Iconic's
cannabis division, commented "We are extremely proud to partner
with Valens on a new line of cannabis-infused beverages. We
have an unwavering commitment to fostering a safe and comfortable
experience for new cannabis users through low dosage and
unparalleled product education. Coupled with Valens' proprietary
emulsion solution, SōRSE™ Technology, we are excited to
deliver on our promise of developing one of the world's most
sought-after cannabis infused beverage lines."
About Iconic Brewing Company
Iconic Brewing Company is headquartered in Toronto, Ontario. With current beverage
alcohol distribution in Ontario,
Manitoba, Saskatchewan, Nova
Scotia, New Brunswick,
Alberta and British Columbia, Iconic Brewing Company has
quickly emerged as a leader in Canada's "better for you" beverage alcohol
space, and has planted strong roots and relationships for a
successful launch of their cannabis division. Iconic Brewing
Company's cannabis division was founded on the same principles,
creating better-for-you cannabis products, built for the healthy
and active consumer, to seamlessly integrate into their daily
routines in an effort to maximize recovery and
recreation. Brands to launch will include Summit, a THC
forward line of products, Basecamp, a CBD-only line of products,
and Counting Sheep, a line of products to be added to the nighttime
routine.
About Valens GroWorks
Valens GroWorks Corp. (TSXV:VGW) (OTCQX:VGWCF) is a
multi-licensed, vertically-integrated cannabis company focused on
being the partner of choice for leading Canadian and international
cannabis brands by providing best-in-class, proprietary services
including CO2, ethanol, hydrocarbon, solvent-less and terpene
extraction, analytical testing, formulation and white label product
development. Valens is the largest third-party extraction
Company in Canada with an annual
capacity of 425,000 kg of dried cannabis and hemp biomass at our
purpose-built facility in Kelowna,
British Columbia which is in the process of becoming
European Union (EU) Good Manufacturing Practices (GMP)
compliant. Additionally, our subsidiary Valens Labs 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 Science. For
more information, please visit http://valensgroworks.com. The
Company's investor deck can be found specifically at
http://valensgroworks.com/investors/
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",
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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
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SOURCE Valens GroWorks Corp.