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The Valens Company Inc. (VLNS.TO)
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Canadian cannabis producers’ overdue excise taxes more than triple to CA$52M
At least 20% of all federally regulated companies owe the federal revenue agency money.
The Valens prophecy is coming true.
Valens ability to increase market share with more limited resources than other LPs is a sign of the product market fit they’re achieving. These are the companies that will ultimately survive in the space. There will be a ton of insolvency in the space this year, all the larger LPs will need to scale back costs and footprint to stay alive in a cash constrained market. This leaves even more opportunity for Valens to gain market share in 2022. Obviously a long way to go to sniff breakeven for most but encouraged by where the retail sales data is heading
So this is confusing, in the OCS right now, there's a 510 vape cartridge from Citizen Stash called Super Sour Diesel. When I look at the product details, it says the licensed producer is Hexo Operations and the growing region is Gatineau, Quebec. I would have assumed the LP should be Valens, the growing region could be, I guess, anywhere since Stash contracted out growing the plants. Maybe QC is a good place for indoor grow ops because electricity is cheap in that province, but why is Hexo producing Stash vape cartridges? I thought producing vapes was one of Valens' strengths?
Valens LinkedIn/Twitter Post:
The Valens Company continues to grow its Canadian recreational market share in April as momentum continues. Ranked #9, with 3.4% overall market share in April 2022 across all product categories, compared to 2.4% in November 2021 as per Hifyre data as of May 10, 2022, in British Columbia, Alberta, Ontario and Saskatchewan.
They are #9, and growing market share rapidly. Growing faster then the average of the top 10 licensed producers. We all know the bigger LPs are losing market share, and Valens is taking valuable market share away from them.
Like I said, and will continue to say again risk-reward is skewed to the upside
“We continue to expand our recreational market share as we develop strength within our brand portfolio through products that continue to resonate with consumers. Furthermore, Valens was the fastest growing company among the top ten licensed producers by market share, seeing retail sales growth of 53.8% from November 2021 to April 2022 based on Hifyre data in Ontario, Alberta, British Columbia, and Saskatchewan. Importantly, we were able to grow our market share across all product categories and overall market share increased by 90 basis points from 2.5% in November 2021 to 3.4% in April 2022. We continue to grow faster than the average of our top ten competitors who collectively saw their market share decline over the same period. In short, we are on track to hit our 2022 objectives to become a top five player in vapes, edibles and beverages and a top ten player in flower products by year end.”
Tyrobu, dispute that for me. If we are in the forefront of this, why are we still buying pop from those machines. We don’t need a salesmen to explain what we are buying. It’s absolutely how CBD will be sold going forward. Valens getting out in front of this is right. Nobody invested in this should se me that as a bad move. I suspect it will be huge.
Just FYI, BC God Bud is about $11 for 1/8th. Go to Cura’s or Trulieve’s site and check the prices. $40-50 for an 1/8th. You must be high if you think that’s sustainable. I can see continued margin compression for US MSO’s in the coming 24 months. And FYI, Valens is actually making margin with God Bud priced at $11 lol.
This is the news that matters. Eye on the prize.
Flower and beverage marketshare declined slightly from february
The Valens Company subsidiary Green Roads secures kiosks in major malls in United States
Based on a pattern of posts and “likes” I’ve seen on LinkedIn I won’t be surprised when Green Roads reveals they’ve been preparing for the medical use of psychedelics.
Everyone is touting MSO’s as “super undervalued and actually profitable”. Have any of you actually looked at the prices they’re charging? They’re 4-5 times more expensive than all of VLNS products! US legalization is coming, and when it does, what do you think God Bud will do to that market? Stop touting MSO’s…they have a monopoly now, but the reason they aren’t being valued is because retail is saturated, and the Canadians will eat there profits pretty easily. Just FYI….
We shall see the profitability metrics next Q after these market share gains. They've gone very aggressive on vape pricing and ramping new products, I'm expecting some possible margin compression.
Thanks for that moonshot. I hear people on this board who disagree with the kiosks. I believe that is because it’s a new idea in this sector. Pepsi and coke make huge money on that sales avenue. We don’t need staffing to explain CBD to anyone. Marijuana sales is a totally different story. That’s the real difference here. I see this as a no brainer and guarantee to be accretive to the bottom line. I’m sure others will follow this very soon. This isn’t new, and it has been proven to work for other product categories. I think this is very smart.
Curious: how many of you are long term holders and how many of you are recent buyers? Just trying to get a sense of people on this board …
Over a dollar in Canadian. Whoopee
And secondly …. what made you interested in Valens? And in your opinion has that changed or did something change after your purchase that is making you second guess whether or not you should continue to hold this position? If so, what is it? Let’s talk …
Vending machines will not grow sales materially. Let's take the soft drink industry as many like to use as a noteworthy comparison. The vast majority of product sales these days come from restaurant distribution and grocery stores. Vending machine for Coke and Pepsi are more promotional than anything else and account for very little of total revenue. So anyone who thinks that Green Roads' kiosk launch is going to translate into some phenomenal sales growth is misguided. Also note that they are testing these in a few markets first. Management knows this is a dice throw. At least you have to give them credit for saving the spending on their salaries. Ask yourselves...what ever became of the $100mm shoppers contract? A deal like that for Green Roads is where the money is at. I would love to see them loss lead their product into Costco, etc rather than mall kiosks for crying out loud. This telegraphs desperation IMO.
What's the source of the info that Tyler sold 22% of his shares on May 13 ?? Not according to this source, which shows he BOUGHT 11,000 on May 13 and 12,000 on May 15:
Good day 1 for the new Chair!
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