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BRIEF-Valens Groworks Sees Fourth-Quarter Revenue Of $27 Million To $30 Million

Published 2019-12-16, 09:35 a/m
BRIEF-Valens Groworks Sees Fourth-Quarter Revenue Of $27 Million To $30 Million
VLNS
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Dec 16 (Reuters) - Valens Groworks Corp VGW.V :

* VALENS ANNOUNCES REVENUE GUIDANCE FOR FOURTH QUARTER 2019 AND INTENTION TO COMMENCE A NORMAL COURSE ISSUER BID

* VALENS GROWORKS CORP - ANNOUNCES Q4 2019 REVENUE GUIDANCE OF $27 MILLION - $30 MILLION

* VALENS GROWORKS CORP - ALSO EXPECTS TO EXTRACT OVER 24,400 KILOGRAMS OF CANNABIS & HEMP BIOMASS IN Q4 2019

* VALENS GROWORKS CORP - EXPECT WHITE LABEL SALES TO CONTINUE TO RAMP UP AS WE INCREASE NUMBER OF WHITE LABEL CONTRACTS

* VALENS GROWORKS CORP - EXPECTS TO SEE A RETURN TO "AGGRESSIVE" VOLUME GROWTH THROUGH ITS FACILITIES

* VALENS GROWORKS CORP - ESTIMATED 2019 ANNUAL REVENUE OF $55 MILLION - $58 MILLION

* VALENS GROWORKS - INTENDS TO LAUNCH BID FOR PURCHASE & CANCELLATION OF UP TO 6.28 MILLION SHARES, REPRESENTING ABOUT 5.0% OF ISSUED AND OUTSTANDING SHARES

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