Cannabis products manufacturer The Valens Company Inc (OTCMKTS:VLNCF) announced the launch of a range of new products yesterday, but the company’s stock actually declined by 1%.
The company announced yesterday that it teamed up with Verse Cannabis and by way of the partnership, it is going to launch edibles, pre-rolls and concentrates. It is a significant development for the company and one that is likely to be watched closely by investors over the course of the coming days.
The company is looking to expand its offerings of next-generation cannabis products across a wide range of categories and is focused on providing the Canadian market with the best products in the market. One of the products that is going to be launched is the Double Chocolate Brownie, which is the first of its kind confectionery product to be introduced in the Canadian cannabis market. It remains to be seen if the Valens stock can mount a recovery today.