Canadian firms SNDL and Valens are merging in a CAD138m deal that aims to create a vertically integrated cannabis platform that will become one of Canada’s largest adult-use cannabis manufacturers and retailers and a top-five player in CBD vaping products.
In its second-quarter financial results, announced in July, Valens stated that its top objective for 2022 was to “grow adult recreational market share in Canada by seeking to become a top five player in vaping, edibles and beverages and a top 10 player in flower products”.
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