CAN (BC): The Valens Company to acquire Citizen Stash

The Valens Company has acquired Citizen Stash.

"As we enter the premium flower category, Valens now boasts a manufacturing and brands portfolio that focuses on two high growth categories of premium flower and 2.0 products. This is just the first step into the premium cannabis product category and consumers can stay tuned to see how we further leverage Citizen Stash's asset light genetics portfolio to launch new products in the future," said Tyler Robson, Chief Executive Officer and Chair of the board of directors of The Valens Company. 

Valens intends to cause Citizen Stash to apply to the relevant regulatory authorities to cease to be a reporting issuer in the provinces of Canada in which it is a reporting issuer, such provinces being British Columbia, Alberta, and Ontario.