Valens GroWorks Commences Cannabis Oil Production
Valens GroWorks Corp. (CSE: VGW) (the “Company” or “Valens”), a multi-licensed, vertically integrated provider of cannabis products, is pleased to announce the successful completion of its initial batch of supercritical CO2-extracted cannabis oil at wholly-owned subsidiary Valens AgriTech in Kelowna.
The Company’s current 400 kg per month processing capacity is expected to increase to 1,000 kg over March, and to 6,000 kg per month with the addition of several double-capacity machines, scheduled for delivery starting mid-March.
Solvent selection is very important for applications in the food, nutraceutical, and pharmaceutical industries, where health and safety legislation place severe restrictions on the types of solvents that can be used. Supercritical CO2 removes the concern of toxic solvent residues in our products. CO2 extracts are pure and require minimal post-processing. Carbon dioxide is generally recognized as safe by the FDA and EFSA, making CO2 the ideal solvent for processing food and medical extracts.
Valens’ utilization of a full-spectrum extraction process allows greater control and tuneability for multiple throughputs and sales objectives, is closed-loop so the evaporating CO2 is captured and reused, and extracts a significant amount of the terpenes in cannabis, the fragrant oils that give cannabis its aromatic diversity.
Terpenes are secreted in the flower’s sticky resin glands, the same ones that produce THC, CBD, and other cannabinoids. Lab-testing is the only way of knowing a strain’s terpene potency. Valens’ oils will be continuously batch-tested through Supra THC Services, our in-house Health Canada licensed cannabis testing lab, to assure the highest quality and content essential to our branding objectives.
About Valens GroWorks
Valens GroWorks Corp. is a vertically integrated provider of Canadian cannabis products, specializing in proprietary extraction techniques, with three wholly-owned subsidiaries located in Kelowna, BC. Subsidiary Valens GroWorks 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 Valens GroWorks Labs is a Health Canada licensed 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 GroWorks Farms is in the process of becoming a purpose-built facility in compliance with European Union (EU) Good Manufacturing Practices (GMP) standards. This will ensure the product from this facility can be exported anywhere in the world where Cannabis is nationally legal for medical or adult usage purposes. Valens will be the first company to encompass the ‘whole plant’ extraction process which reduces costs and produces a premium extract. For more information, please visit Valens GroWorks, Valens GroWorks Agritech, Valens GroWorks Labs, or Valens GroWorks Farms.
On behalf of the Board of Directors, VALENS GROWORKS CORP.
(signed) “Tyler Robson”
Chief Executive Officer
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