The Valens Company and Fire & Flower Have Entered Into A White Label Partnership
According to the partnership terms agreed upon, The Valens Company (TSX: VLNS) (OTCQX: VLNCF) will undertake the responsibility of manufacturing and distribution of CBD Oil for Revity CBD, the wellness-focused CBD private label brand of Fire & Flower (TSX: FAF) (OTCQX: FFLWF).
About The Valens Company Inc.
Among all the players in the manufacturing sector of cannabis products, one would find the mention of The Valens Company more often. It is entirely justified as it is the leading manufacturer in the industry. The competition is fierce among the players but The Valens Company has always been leading the market from the front.
It has experienced tremendous growth, which was made possible due to its consistency in fulfilling the mission of taking the benefits of cannabis products to all the customers in the world. So far, it has achieved its mission by selling the products in the market of the U.S. through Green Roads, its subsidiary. The Valens Company has also marked its international presence in Australia, where it sells cannabis products through Valens Australia.
While manufacturing cannabis products is its core service, the company also offers support in the development and commercialization of cannabis consumer packaged goods. Every product in the portfolio is critically supervised for the sale to the segment of consumers who specifically need it for medical, health & wellness, and recreational purposes.
Innovation has always been a crucial part of The Valens Company. Manufacturing and getting one product in the market does not end the story. The company continues to come up with unique products with the assistance of its Canada-based Valens Lab.
The Valens Lab, also known as The Centre of Excellence in Plant-Based Science by Thermo Fisher Scientific, handles the testing and research & development part of cannabis products. The lab happens to be the only ISO-17025 accredited analytical service lab in Canada.
More about The Valens Company White Label Partnership
The White Label Partnership between The Valens Company and Fire & Flower has marked a new beginning for both of them. According to the partnership terms agreed by both of them, one of the many operations of Fire & Flower will now be handled by The Valens Company.
Fire & Flower, a cannabis retailer, currently operates 90 corporate retail stores in 6 different locations. These locations are British Columbia, Alberta, Manitoba, Yukon Territory, Ontario, and Saskatchewan.
Out of these locations, The Valens Company will distribute Revity CBD Oil for three locations. These three locations are Manitoba, Ontario, and Saskatchewan.
Revity CBD Oil is a brand that falls under the management of Fire & Flower. The White Label Partnership gives The Valens Company the right to distribute that product for the above-mentioned 3 locations. Additionally, it will also deploy its technology to manufacture the products of the said brand.
Tyler Robson, the Chief Executive Officer – Co-Founder – Chair of The Valens Company, issued a statement saying, “Fire & Flower is one of the leading cannabis retailers in Canada with a wide reach in this rapidly growing market. We admire their focus on consumer education and best-in-class retailing and are proud to partner with them.”
He called Fire & Flower the best retailer in Canada and said that the partnership would allow The Valens Company to strengthen and expand its wellness-focused manufacturing portfolio as Fire & Flower has a wide reach in the rapidly growing market.
Valens would put into use its proprietary technology to remove the impurities from Revity CBD Oil. This would enable both the companies to take the distinct cannabinoids to the customers. The focus has also been laid on the consistent use of the product by integrating it with a dispenser.
Trevor Fencott, the Chief Executive Officer and President of Fire & Flower, called the signing of the White Label Partnership a proud moment. He said that he was confident of The Valens Company in meeting the quality and expectations of the Canadian consumers.
He added that Valens was a clear choice for the White Label Partnership due to its proven excellence and experience in producing high-quality wellness products.