VGW Stock Drops Despite Receiving License Amendment

VGW Stock

Valens GroWorks CorpĀ (TSXV:VGW) (OTCQX:VGWCF) has announced that it has received an amended sales license from Health Canada, yet VGW stock is down 3%.

Significant Step Forward for Valens

The amended license is a significant step forward for the BC-based firm as it now allows the company to sell its product directly to provincial distributors and regulators. Previously, the company would have to acquire cannabis product from a licensed producer, extract it, and then resell the extract back to the producer. While this new arrangement removes a major step in the supply chain, VGW stock has ...

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