Topic: How To Invest

Q: Pat: What do you think about Valens GroWorks as a speculative marijuana stock? Thanks.

Article Excerpt

A: Valens GroWorks Corp., $1.83, symbol VGW on the Canadian Securities Exchange (Shares Outstanding: 72.6 million; Market cap: $132.9 million; www.valensgroworks.com), is involved in three main areas of the cannabis industry: the extraction of cannabis oils; research into cannabis and its chemical compounds; and growing cannabis. The Canadian Securities Exchange (CSE), formerly the Canadian National Stock Exchange (CNSX), is an alternative stock exchange. The company operates through three main businesses: Valens Agritech focuses on the company’s cannabis extraction services and has production capacity of 6,000 kilograms of cannabis per month. The company now has just a small growing facility to supply marijuana for extraction. It also aims to provide extraction services to other cannabis producers. In March 2018, Valens announced the successful completion of its initial batch of supercritical CO2-extracted cannabis oil. Its 400 kilograms per month processing capacity was recently increased to 6,000 kilograms per month with the addition of several new machines. CO2 can be turned into a liquid when you expose…