VGWCF - VGW Stock Drops Despite Receiving License Amendment

Valens GroWorks Corp (TSXV:VGW) (OTCQX:VGWCF) has announced that it has received an amended sales license from Health Canada, yet VGW stock is down 3%.

The amended license is a significant step forward for the BC-based firm as it now allows the company to sell its product directly to provincial distributors and regulators. Previously, the company would have to acquire cannabis product from a licensed producer, extract it, and then resell the extract back to the producer. While this new arrangement removes a major step in the supply chain, VGW stock has ...