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rift basin resources corp (RIF/H) Details

Valens GroWorks Corp., a biotechnology company, engages in the scientific research of phytopharmaceutical material primarily producing cannabis and cannabis related products. It is also involved in the analytical laboratory testing of cannabis. The company has collaborative research partnerships with UBC Okanagan and Thompson Rivers University. Valens Groworks Corp. is headquartered in Kelowna, Canada.

25 Employees
Last Reported Date: 03/13/19

rift basin resources corp (RIF/H) Top Compensated Officers

CEO & Director
Total Annual Compensation: C$360.8K
Compensation as of Fiscal Year 2017.
rift basin resources corp
Valens GroWorks Corp. Signs Multi-Year Cannabis Extraction Agreement with Tantalus Labs

Valens GroWorks Corp. announced that it has entered into an arm's length binding multi-year extraction services agreement to provide cannabis extraction services to Tantalus Labs ("Tantalus"). The agreement has an initial 2-year term from the date of the first shipment from Tantalus. Valens will process the cannabis biomass provided by Tantalus on a fee for service basis into premium quality resins and distillates using the Company's leading proprietary extraction processing methods. The agreement contains provisions under which it may be terminated with 180 days written notice after the one-year anniversary. Valens expects to receive and begin processing the first shipment from Tantalus early in fiscal the third quarter of 2019 and currently holds all required licensing from Health Canada to carry out its obligations under the agreement.

Valens Groworks Corp. Appoints Jeffrey Fallows as President, Effective June 1, 2019

Valens GroWorks Corp. announced that Jeffrey Fallows, LLB/MBA, CFA has been appointed as President of Valens, effective June 1, 2019. Mr. Fallows will be focused on executing on domestic and international growth opportunities, capital markets strategy and assisting with the overall corporate strategy of the Company. Mr. Fallows is an accomplished finance professional with over 17 years of experience working on a wide range of financial advisory mandates in the cannabis, consumer products and industrial products industries including mergers and acquisitions, initial public offerings, private placements, and strategic reviews both domestically and internationally. Prior to joining Valens, Mr. Fallows was a Managing Director at AltaCorp Capital Inc. where he was the Head of the Life Sciences and Diversified Industries investment banking teams.

Valens GroWorks Corp. Appoints Deepak Anand to its Board of Directors as an Independent Member

Valens GroWorks Corp. announced that Deepak Anand has been appointed to its Board of Directors as an independent member. Mr. Anand currently serves as the co-founder & CEO of Materia Ventures.


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Valuation RIF/H Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 139.1x
Price/Book 6.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 153.0x

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