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