Valens Groworks Grants Option to Buy 320,000 Shares

Valens Groworks Corp. (CSNX:VGW) has granted incentive stock options to an incoming consultant of the company’s wholly owned subsidiary, Valens Agritech Ltd., to purchase up to 320,000 common shares of the company at a price of $1.25 per common share.
The stock purchase options are exercisable on or before Feb. 29, 2020, and vest in stages over the course of three years, with 20,000 options to vest immediately and 20,000 options to vest in each three-month period over three years. The remaining 80,000 options may be vested at the discretion of the board of directors based upon the achievement of specific corporate objectives.
The stock options are being granted pursuant to the terms of the company’s stock option plan and are subject to regulatory approval.
About Valens Groworks Corp.
Valens Groworks is a Canadian Securities Exchange-listed company with two proposed acquisitions in progress, proposes to provide management, consulting, testing and support services to domestic and international licensees, and seeks to capture a broad spectrum of medical marijuana users, as well as recreational users once legalized, in pursuit of its ambitious farm-to-pharma objectives.
The company’s wholly owned subsidiary, Valens Agritech, is a postinspection applicant awaiting the granting of a controlled drugs and substances dealer’s licence for the cultivation and processing of marijuana. Based in the Okanagan Valley of British Columbia, Valens Agritech anticipates participation in clinical trial programs researching the efficacy of medical cannabis.
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