5 Valens will continue to enhance its reputation by growing its partnership network, actively pursuing complementary business areas, and offering a potential entry point into the legal cannabis market if and when it is permitted by US federal law and subject to requirements of the TSX. Valens gained exposure to the US CBD market through the Green Roads Acquisition. Additionally, Florida, which has a significant state-legal medicinal cannabis programme, is where Green Roads is ideally placed.
The Valens Company has strengthened its capacity to provide an extended product offering to domestic and international markets with the acquisition of Green Roads. Additionally , the acquisition gives a trusted and top-tier CBD health and wellness brand with a well-established manufacturing and distribution platform an immediate entry point into the US market . In 2021, the Green Roads Acquisition is anticipated to increase the company’s value. The transaction represents roughly 4.5x fiscal 2022 EBITDA if all Milestones are reached in 2022. Pro forma results in a company with total revenue of C$111.6M in 20204 from the union of Valens and Green Roads.a
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