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Valens to Enter Quebec Cannabis Market in Preliminary Agreement with Province

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Submitted by Marijuana News on Mon, 10/18/2021 - 12:15

Valens Co. said Monday that it will enter the Quebec marketplace after signing a preliminary commitment with the provincial cannabis distributor there.

The Canadian manufacturer of cannabis products said that it executed a letter of intent with the Societe quebecoise du cannabis, a subsidiary of the government-owned Societe des alcools du Quebec, for the distribution of its cannabis products in the province.

It said it expects its products to be first available in early 2022.

"This marks a significant milestone for Valens entering the third-largest cannabis market in Canada, representing approximately 15% of Canadian cannabis retail sales in the country and approximately 22% of the Canadian population," the company said.

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Marijuana Business News
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Quebec

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