The Valens Company Inc (OTCMKTS:VLNCF) is one of the biggest operators in the cannabis products manufacturing space but its stock has performed poorly in recent weeks and has tanked by as much as 21% over the course of the past month.
That being said, the company made a major announcement yesterday and investors could do well to take a closer look. The Valens Company announced yesterday that it inked a regional distribution agreement with the entity APOTEKA SRL. It should be noted that APOTEKA is a part of the Costa Rica based pharmaceutical holding company named Grupo Farmanova Intermed “GFI Costa Rica”.
The distribution agreement is a significant one for The Valens Company considering the fact that APOTEKA will be responsible for distributing the nuance brand of product to three major Central American markets in Panama, Costa Rica and the Dominican Republic. However, that is not all. It is also necessary to point out that as per the terms of the agreement between the two parties; more brands are going to be included in the future. One of the brands that is all set to be included in the future is the Green Roads brand from The Valens Company.