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Harvest One enters into cannabis extraction agreement with Valens
Harvest One enters into cannabis extraction agreement with Valens Canada NewsWire ...
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[{"type":"text","content":"\n\n\n\nHarvest One enters into cannabis extraction agreement with Valens\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 14, 2018\n\n\n\nTSXV – HVT        \n VANCOUVER, Nov. 14, 2018 /CNW/ - Harvest One Cannabis Inc. (TSXV:HVT) (\"Harvest One\" or the \"Company\") is pleased to announce that it has entered into a multi-year Extraction Services Agreement (the \"Agreement\") with Valens GroWorks Corp. (CSE: VGW) (\"Valens\") for cannabis extraction and value-added services.\n\n \n \n\n \nUnder the terms of the Agreement, Harvest One's subsidiary, United Greeneries, will ship bulk quantities of dried cannabis to Valens over an initial three-year term. Valens will process the cannabis on a fee-for-service basis into bulk resin or other cannabis oil derivative products.\nAs a component of the Company's product development strategy, Valens will also conduct R&D to support the expansion of Harvest One's product lines including health and wellness products, beverages, vape pens, and nutraceuticals using cannabis oil derivative products. The significance of these products is reflected in the more developed markets in the US where raw flower makes up less than half of the products sold. \n\"This agreement with Valens represents a valuable opportunity to accelerate Harvest One's product development strategy,\" said Grant Froese, CEO of Harvest One. \"We are excited to leverage Valens' industry leading expertise to further expand our recreational, and health and wellness products, under United Greeneries, Satipharm and Dream Water. Furthermore, this partnership gives Harvest One the ability to diversify our medical product offerings to better serve our patients.\"\n\"We are excited for the opportunity to utilize our extraction services and R&D technology platform to support Harvest One in  delivering innovative, high quality consumer packaged goods to the market,\" said Tyler Robson, CEO of Valens GroWorks Corp. \"Valens' expertise in both cannabis extraction and cannabis derivatives offe...