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Canopy Growth Enters into Multi-year Extraction Agreement with Valens GroWorks


On December 13, 2018, Canopy Growth Corporation entered into a multi-year extraction agreement with Valens GroWorks Corp., a licensed, vertically integrated provider of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification.

Under the terms of the multi-year agreement, Valens will utilize their proprietary technology and methodologies to process Canopy Growth’s whole flower and trim into high-grade cannabis resin. Canopy Growth expects the first shipment of product for extraction will occur before the end of December 2018.

Cassels acted for Canopy Growth with a team that included Luke Woolford and Jonathan Sherman (Business and Cannabis).

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