Valens Expands Extraction Services Agreement with Tilray

Valens GroWorks (CSE: VGW) (OTC: VGWCF) has updated its multi-year agreement with Tilray (NASDAQ: TLRY), which is focused on cannabis research, cultivation, production, and distribution.

The company has expanded the volume of extraction services and has added an option to provide contract manufacturing services to the arm’s length, binding agreement announced in February with Tilray.

Under the initial two-year term of the expanded agreement, Valens will extract on a fee for service basis a minimum annual quantity of 60,000kg of dried cannabis and hemp biomass, up 300% from the 15,000kg annual commitment outlined in the original agreement.

Additionally, the company may provide contract manufacturing services for tincture bottles and gel caps, with the option to offer contract manufacturing services for

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