Cannabis In Central America: Valens Co. Announces Strategic Distribution Agreement of Wellness Products in Costa Rica

The Valens Company Inc. VLNS VLNCF, a leading manufacturer of cannabis products, announced late Thursday that it has signed a regional distribution agreement with APOTEKA SRL, a division of GFI Costa Rica, a pharmaceutical holding company with operations throughout Central America and the Caribbean.

Under the agreement, APOTEKA will bring Valens' nūance brand, with future plans to include the Green Roads brand, into three core Central American markets: Costa Rica, the Dominican Republic and Panama.

Valens has developed two CBD tinctures for APOTEKA that combine known wellness ingredients with CBD.

Tyler Robson, CEO, and chair of The Valens Company said, "This partnership with APOTEKA, part of GFI Costa Rica, a multiregional conglomerate with a 45-year track record, is consistent with our distribution first, asset-light, growth model in international markets. The partnership represents a strategic expansion into Central America.

Recent Valens Company Moves

Earlier this month, Valens announced a white label partnership with Fire & Flower Holdings Corp. FAF FFLWF, a leading, cannabis retailer with over 90 corporate-owned stores in Canada.

Under the terms of the agreement, Valens will manufacture Fire & Flower’s Revity CBD oil for distribution in Ontario, Manitoba and Saskatchewan.

In addition, Valens completed a transaction to acquire Verse Cannabis including all of the Verse intellectual property.

This acquisition, and Valens' recently announced agreement to acquire Citizen Stash Cannabis Corp., positions Valens as top-tier cannabis licensed producer in the Canadian industry by total provincial listings and market share.

Robson said that Valens’ platform is now positioned to “better serve consumers through unique product offerings at attractive price points while maximizing shareholder value." 

 

Posted In: Central AmericanCosta RicaValensCannabisNewsPenny StocksSmall CapMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.