The Valens Company
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
The Valens Company was a Kelowna, British Columbia-based cannabis company co-founded in 2012 by Tyler Robson, a former CFL linebacker with a biochemistry degree. Billing itself as the 'one-stop shop for cannabis,' it built one of Canada's largest extraction platforms (425,000 kg of annual capacity) with proprietary processes, an ISO 17025-accredited lab, and white-label product development and manufacturing of edibles, vapes, beverages and topicals for brands including Canopy and Tilray. It employed 250 people and traded on the TSX and Nasdaq under VLNS.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Tyler Robson co-founds Valens outside Vancouver to focus on cannabis extraction and derivatives after learning the trade under Canada's MMAR and MMPR programs.
- Rebrand
Valens GroWorks Corp. rebrands as The Valens Company Inc. and begins trading under the new name on the TSX.
- Acquired by SNDL
On January 17, 2023, SNDL completes its acquisition of The Valens Company for approximately CA$138 million (SNDL shares plus assumption of Valens' $60M loan), creating one of Canada's largest vertically integrated cannabis companies.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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