logo-loader
viewValens Groworks Corp

Valens Groworks to use Thermo Fisher Scientific’s instruments to study cannabis

The collaboration will showcase the level of Valens’ scientific expertise, CEO Tyler Robson says

A greenhouse with marijuana plants
A Valens subsidiary holds a standard processing and standard cultivation license under Canada’s Cannabis Act

Valens Groworks Corp (CNSX:VGW) (OTCMKTS:MYMSF) said Thursday that it is teaming up with Thermo Fisher Scientific Inc (NYSE:TMO) and will use the company’s instruments to study cannabis.

Kelowna, British Columbia-based Valens said in a press release that the collaboration’s findings will be promoted in application notes, publication of peer-reviewed articles, conference presentations and webinars.

READ: Valens Groworks shares advance as it strikes deal to process dried pot for GTEC Holdings

"This research collaboration showcases the level of expertise of our scientific personnel and their drive to lead the industry in the analysis of cannabis,” Valens CEO Tyler Robson said in a statement.

Keith Bisogno, corporate senior director for market development at Waltham, Massachusetts-based Thermo Fisher, added that “our collaboration with Valens will allow us to improve workflows and validate methods."

Valens subsidiary Valens Agritech holds a standard processing and standard cultivation license under Canada’s Cannabis Act. The subsidiary Valens Labs is a licensed ISO 17025- accredited cannabis testing lab providing analytical services.

Separately, the company said it has granted 50,000 options to a consultant to purchase common shares of the company at C$1.25 per share, expiring November 27, 2020. The options are subject to regulatory approval.

Shares of Valens climbed C$0.08 to C$1.28 in Wednesday’s Canadian trading. They advanced US$0.07 to US$0.97 on the OTC market. Thermo Fisher gained US$5.49 to US$247.40 in New York trading.


Contact Dennis Fitzgerald at [email protected]

Quick facts: Valens Groworks Corp

Price: 2.95 CAD

TSX-V:VGW
Market: TSX-V
Market Cap: $365.3 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Valens Groworks Corp named herein, including the promotion by the Company of Valens Groworks Corp in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Valens GroWorks raises over 43 million dollars to grow expansion.

Valens GroWorks (CNSX:VGW) Executive Vice President of Strategy and Investment Everett Knight joined Steve Darling from Proactive investors to talk about the company recent raise of over 43 million dollars.  Knight also chatted about a data report released about Valens GroWorks and...

on 11/4/19

2 min read