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The Valens Company Inc. Strengthens Edibles Platform with LYF Food Technologies Acquisition
Valens and LYF launch THC-infused soft chews.
The Valens Company Inc. has closed on its acquisition of all of the issued and outstanding shares of LYF Food Technologies Inc.
The cash and share transaction totaled CDN$24.9 million payable on closing, plus approximately CDN$17.5 million in post-closing consideration subject to achieving certain earn-out EBITDA milestones. With this acquisition of LYF, Valens has accelerated its footprint in the edibles category, which is one of the fastest-growing segments of the Cannabis 2.0 and 3.0 markets.