The Valens Company Shares Surge On $54.3M Citizen Stash Cannabis Acquisition

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) revealed Monday it has completed its previously announced acquisition of Citizen Stash Corp. (TSXV: CSC) (OTCQB: EXPFF) (FRANKFURT: MB31) for $54.3 million in stock.

Under the terms of the arrangement, Citizen Stash shareholders are entitled to 0.1620 of a Valens common share for each Citizen Stash Common Share held. The outstanding in-the-money Citizen Stash options were transferred to Citizen Stash in exchange for the applicable entitlement to the in-the-money amount for such options, payable in Valens Shares, net of applicable withholdings.

"With the completion of this strategic acquisition, Valens is poised to strengthen its …

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