VGWCF - Valens Stock Down on Multi-Year White Label Vape Deal

Valens stock is down slightly on Friday after cannabis extraction firm Valens GroWorks Corp (TSXV:VGW) (OTCQX:VGWCF) announced that it had signed a multi-year white label agreement with BRNT Ltd to launch a line of cannabis vape pens in Canada.

Under the terms of the deal, the British Columbia-based firm will produce 2.2 million vape pens for BRNT over a two and a half year period, which will have a potential revenue return of more than $50 million CAD. The deal represents the largest multi-year white label agreement for ...