Valens Cannabis Company Raises $46M Via Bought Deal Offering Of Units

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) has secured some $46 million in financing through a bought deal public offering of its units.

The British Columbia-based cannabis company said Tuesday it had sold some 13,940,300 of its units at $3.3 per unit, including 1,818,300 units sold pursuant to the exercise of the underwriters’ over-allotment option.

Each Unit is comprised of one common share and one-half of a common share purchase warrant of the Company, with each warrant allowing …

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