Valens Grow Works Corp. has been added to The Cannabis ETF which trades on the New York Stock Exchange. Valens is a provider of extraction products and services using diverse extraction methodologies, delivery formats, and laboratories. Now being a part of The Cannabis ETF, it provides further opportunities to expand and increase the profile among investors in the US. Investors are looking for value and have found this in Valens as their business grows internationally.
THCX follows the Innovation Labs Cannabis Index – a modified market capitalization index with a portfolio of 36 stocks that are expected to benefit from the growth of legalization. Valens is part of THCX’s expansion which includes a variety of cannabis industry subthemes. Many combine science and technology and were created to appeal to investors looking for differentiation outside of traditional seed-to-sale. The index rebalances on a monthly basis and is now considered the lowest cost US-listed cannabis ETF that is passively managed.