The Valens Company to acquire Green Roads for $60m.

The Valens Company, a manufacturer of cannabis products, agreed to acquire Green Roads, a CBD company, for $60m. The transaction is expected to close in June 2021. "After analyzing over a hundred companies across the US CBD market, we clearly recognized the value in the Green Roads platform with its best-selling brand. Our complementary businesses, culturally aligned teams, and shared 'it's personal' mission to provide consumers with high quality, innovative cannabis products led to an undeniable combination that we believe will disrupt the industry. The acquisition of Green Roads represents only the first step in our US expansion strategy as we expect to continue to unlock complementary, revenue-generating opportunities while we forge our presence and build our reputation in the world's largest cannabinoid market," Tyler Robson, The Valens Company CEO, Co-Founder and Chairman.