Kelowna’s LYF Food Technologies Inc. sold for $25M to another local cannabis company – Kelowna News – Castanet.net
A Kelowna cannabis company and leader in Canadian edibles manufacturing, LYF Food Technologies Inc. has been purchased by another Kelowna-based cannabis firm.
The Valens Company purchased LYF Food Technologies Inc. for $24.9 million in cash and stock, plus up to $17.5 million if certain milestones are achieved.
“LYF has set the standard of what high-quality edibles should be and has developed a diverse and flexible manufacturing platform to play a dominant role in the Canadian edibles market. LYF…