VGW stock is sinking on Tuesday after Valens GroWorks Corp (TSXV:VGW) (OTCQX:VGWCF) announced that it had acquired beverage firm Pommies Cider Co in order to create a platform for cannabis-infused beverages.
Valens Looks to Capitalise on 2.0 MarketInfused beverages look set to be one of the most sought-after, and highly profitable, products in the cannabis 2.0 market, and Valens has seized on this opportunity with the $7.5 million CAD stock and cash deal. The takeover will see Valens take control of Pommies’ 32,000 square foot facility in the Greater Toronto Area, which is equipped with ...
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