Buying into extraction

Poised for significant growth, Valens GroWorks has caught the eye of a popular investment vehicle.

The Horizons Marijuana Life Sciences Index ETF (HMMJ) has added Valens, a Kelowna-based pot extraction company, to its portfolio in its quarterly rebalance.

The HMMJ was the first exchange-traded fund to track the cannabis industry. 

With edibles and concentrates coming to market in December, Valens is expected to see a dramatic boost in business. It has extraction agreements with licensed producers Hexo and Tantalus Labs, among others.

Valens is the largest third-party extraction company in Canada and plans to expand its annual extraction capability to 1 million kilos.

The HMMJ has a diverse portfolio, including major cannabis players:

Premier admits logjam

Sense by Soleil

At $6.99 a gram, this Sour Kush far exceeds expectations.

An offering from Aphria’s budget brand Soleil, Sense is a solid product. The packaging is simple, unique and elegant. The buds are sweet and fragrant, with a peppery pop. It’s a tangy hybrid with a potent psychoactive punch. Sense produces a happy feeling, relaxed and thoughtful.

It's 18% THC, with dominant terpenes of caryophyllene, limonene and myrcene.

Sense hits a lot of high points: smell, taste, looks, and price.

This is one of the best low-budget buys available.

Hear ye, hear ye!

• Canopy Growth turfing co-founder and co-CEO Bruce Linton
• The Okanagan's first retail cannabis customer
• The rise of CBG
• Canada's necessary role in global cannabis education

Dad jokes

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