The Chief Executive Officer of The Valens (Other OTC: VLNCF) is Selling Shares

By Carrie Williams

Yesterday, the Chief Executive Officer of The Valens (VLNCFResearch Report), A. Tyler Robson, sold shares of VLNCF for $1.48M.

In addition to A. Tyler Robson, 3 other VLNCF executives reported Sell trades in the last month.

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Based on The Valens’ latest earnings report for the quarter ending February 29, the company posted quarterly revenue of $31.98 million and quarterly net profit of $2.54 million. In comparison, last year the company earned revenue of $2.22 million and had a GAAP net loss of $6.37 million. VLNCF’s market cap is $222 million and the company has a P/E ratio of 207.20. Currently, The Valens has an average volume of 198.37K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $6.26, reflecting a -72.8% downside.

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Valens GroWorks Corp. is a biotechnology company. It is engaged in the provision of cannabis products developed from the firm’s proprietary extraction techniques. The firm also offers management, consulting, testing, and support services to domestic and international licensees, as well as financing and managing the build out of fully-licensed third party operations. The company was founded on January 14, 1981 and is headquartered in Kelowna, Canada.