Cannabis Corner: Valens is your flower among the weeds

Article Excerpt

First, the good news: cannabis legalization will eventually lead to some great business successes. The bad news is that only a few of the multitude of cannabis stocks today will pay off for investors. Consumer cannabis demand is high, but growing and distributing it across multiple markets is more difficult. With “Cannabis Corner,” we focus on quality stocks (see our exclusive rating system right) that are most likely to emerge as winners in the “Wild West” of marijuana investing. VALENS GROWORKS CORP. $3.20 (Toronto Venture symbol VGW; TSINetwork Rating: Speculative) (778-755-0052; www.valensgroworks.com; Shares o/s: 121.7 million; Market cap: $389.4 million; TSI Cannabis Quality Rating [CQR]:  ) continues to sign extraction agreements to process marijuana from third-party producers into cannabis resins and oils. Its customers include Canopy Growth, Tilray, Hexo Corp., and more. Valens’ Agritech unit focuses on the company’s cannabis extraction services and has processing capacity of 425,000 kilograms of dried cannabis and hemp biomass per year. The company also operates a cannabis…