Sunday, October 19, 2025

Latest

Valens Company Looks To Raise US$22.5 Million For “Strategic Growth Initiatives”

The Valens Company (TSX: VLNS) is doing what it can to keep its operation funded, announcing last night it would be conducting a bought deal financing. The financing will see the company look to raise up to US$22.5 million.

Lead by Stifel Nicolaus Canada and Alliance Global, the offering will see the company sell units of the company at a price of C$2.65 per each. Each unit is to consist of one common share and one half warrant, with warrants valid for four years from the date of issuance and containing an exercise price of C$3.20 per share.

A total of 10.6 million units are expected to be issued under the offering, while the company has granted the underwriters an over-allotment option to expand that figure by up to 15%. The offering is expected to close by April 5, 2022.

Proceeds from the offering are to be used for general corporate purposes, working capital, and for strategic growth initiatives.

The funding follows the company last month announcing it is looking to cut costs by up to $20 million by year end, as it looks to remove excess expenses after a series of acquisitions conducted last year. $10 million in savings has reportedly already been found, with a further $10 million more yet to be found.

As of November 30, the company reported a cash position of $16.1 million, and has since sourced a $40.0 million term loan which is intended to fund the growth of the company.

The Valens Company last traded at $2.92 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Valens Company Completes Acquisition Of Lyf Food Tech

The Valens Company (TSX: VLNS) has officially closed the acquisition of LYF Food Technologies. The...

Friday, March 5, 2021, 07:28:26 AM

Sundial Growers Retakes 10% Ownership In Valens Company

Sundial Growers (NASDAQ: SNDL) evidently remains bullish on The Valens Company (TSX: VLNS). The firm,...

Tuesday, September 21, 2021, 08:45:11 AM

Valens Company Receives License Amendment To Sell Dried Cannabis Products

Whereas most cannabis-related firms appear to be moving away from dried flower products, The Valens...

Friday, February 12, 2021, 07:15:17 AM

Valens: Canaccord Maintains $3.50 Price Target Following First Quarter Results

Last week, The Valens Company (TSX: VLNS) reported first quarter financial results. The company reported...

Saturday, April 17, 2021, 12:05:00 PM

Valens Signs New Contract Manufacturing Agreement

The Valens Company (TSX: VLNS) appears to be pulling ahead as the premier cannabis extractor...

Thursday, June 18, 2020, 08:54:03 AM