Valens Receives Conditional Listing Approval on TSXV and Accelerates Q2 Filing Date

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UPDATE: as of July 8th, 2019, Valens has been accepted for listing on the TSX Venture Exchange. For more information please visit: Valens to Commence Trading on the TSX Venture Exchange.

Kelowna, B.C., June 17, 2019 – Valens GroWorks Corp. (CSE: VGW)(OTC: VGWCF) (the “Company” or “Valens”), a multi-licensed, vertically integrated provider of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification, as well as associated quality testing is pleased to announce that it has received conditional approval to list the common shares and warrants of the Company on the TSX Venture Exchange as a Tier 1 life sciences issuer. The listing is subject to the company fulfilling certain requirements of the TSXV in accordance with the terms of its conditional approval letter dated June 14, 2019.

The Company is actively working to satisfy these conditions and management is confident that all conditions for listing will be met in the coming weeks. Upon obtaining final approval, the Company will issue a further press release to inform shareholders when it anticipates that its common shares will commence trading on the TSXV. The Company anticipates that the common shares will trade under the trading symbol “VGW” and the warrants will trade under the symbol “VGW.WT”.

Management also confirms there remain 3,750,000 common shares reserved for issuance under certain management agreements as previously disclosed in the Company’s financial statements for the year ended November 30, 2018, and the first quarter ended February 28, 2019.

In addition, the Company is excited to announce that it has expedited the release date of its second-quarter financial results, which will be released after the market closes on July 15, 2019.

“We are very pleased to have received conditional approval from the TSXV and believe that this listing will provide the Company and its shareholders with many advantages, including greater visibility and enhanced market access for Canadian and international investors,” says Tyler Robson, CEO of Valens GroWorks Corp.

About Valens GroWorks

Valens GroWorks Corp. (CSE: VGW) (OTC: VGWCF) is a multi-licensed, vertically-integrated cannabis company focussed 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 Valens GroWorks or view the company’s Investor’s Deck.

For further information, please contact:

Scott Young
Valens GroWorks Corp.
Telephone: +1.705.888.2756

U.S. / Europe Investors
KCSA Strategic Communications
Phil Carlson / Elizabeth Barker
[email protected]
212.896.1233 / 212.896.1203

Media
KCSA Strategic Communications
Anne Donohoe
[email protected]
212.896.1265

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”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the 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 statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

The CSE or other regulatory authority has not reviewed, approved or disapproved the contents of this press release. We seek Safe Harbour.