Valens Closes $40 Million Acquisition of CBD Manufacturer Green Roads

The Valens Company Completes Acquisition of Leading US CBD Company, Green Roads Creating a global leader in the cannabis health and wellness market Purchase of Green Roads for US$40 million equating to approximately 1.8x 2020 revenue with maximum earnout of US$20 million subject to achieving certain EBITDA milestones in 2022, which if fully achieved implies ~4.5x fiscal 2022E EBITDA1 […]