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The Valens Company to Enter U.S. Market with Acquisition of Green Roads
Acquisition to expand Valens’ footprint, product offerings.
The Valens Company Inc. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Green Roads and its majority owned manufacturing subsidiary in a cash and share transaction for $40 million at closing, plus up to an additional $20 million in contingent consideration payable upon the business achieving certain EBITDA milestones.
With the acquisition of Green Roads, The Valens Company, Kelowna, BC, Canada, strengthens its capabilities to supply U.S. domestic and global markets with expanded product offerings. Additionally, the acquisition provides immediate entry into the U.S. market with a trusted and leading CBD health and wellness brand and an established manufacturing and distribution platform.