The Valens Company Inc. announced an exclusive partnership with Epsilon Healthcare Limited for access to Epsilon's Good Manufacturing Practices (GMP) facility in Australia for manufacturing products, furthering its international expansion to GMP markets in Latin America, Europe, UK and the Asia-Pacific regions. Products will be distributed through Valens' Australian Distribution Partner, Cannvalate PTY Ltd. ("Cannvalate"), and will be the large quantity of products provided to Cannvalate for distribution to date (collectively, the "Transaction"). The partnership is reflected in the terms of the Binding Heads of Agreement between the Epsilon, THC Pharma (the Epsilon's wholly owned subsidiary, and owner of the Southport Facility), Valens, and Valens Australia Pty Ltd. (Valens' wholly owned subsidiary) (the "Agreement"). With this partnership The Valens Company continues its "revenue first, capital efficient" strategy of expanding internationally. As part of the Agreement with Epsilon and Cannvalate, Valens will be provided with access to Epsilon's GMP manufacturing capabilities at the Southport Facility (as defined below) located in Queensland, Australia, cannabis manufacturing facility in the Southern Hemisphere, and at domestic scale with complimentary Therapeutic Good Administration (TGA) and EU GMP capabilities. The partnership also marks the first GMP manufactured products to be sold through Valens in Australia, and provides Valens with the capability to deliver GMP-grade products to Latin America, Europe, UK and Asia-Pacific.