Valen GroWorks Corp. (CSE: VGW) (OTC-QB: MYMSF) has announced this morning that the company has entered into an agreement with Harvest One (TSXV:HVT) to provide services in relation to the extraction of cannabinoids as well as the research & development of new cannabinoid derived products.
Valen GroWorks Corp. specializes in “proprietary extraction methodologies, distillation, cannabinoid isolation and purification.” Their company focuses on offering vertically integrated services related to extraction to companies involved in the cannabis and industrial hemp industries. Whereas, Harvest One has currently focused their business model on the development of cannabinoid focused wellness products to sell to the North American market.
Under the terms of this new agreement the two companies both have something to offer the other. Valen GroWorks Corp. will supply services to Harvest One that will allow the company to continue to develop an entensive product line. Cannabinoid derived products such as beverages, topicals, vape pens, and nutraceuticals.
“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.