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The Valens Company Announces Change to its Board of Directors

Ms. Renee Merrifield steps down following her election as MLA of KelownaMission district in British Columbia

The Valens Company, a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, announced that Ms. Renee Merrifield has stepped down from the Company’s Board of Directors following her election as Member of the Legislative Assembly (MLA) of the KelownaMission district of British Columbia in the provincial general election.

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Ms. Merrifield served on The Valens Company’s Board of Directors as an independent member and a member of the Board Nominating and Corporate Governance Committee since June 2020. Her resignation will allow her to devote her full attention to the Legislative Assembly of British Columbia, and her role as CEO and Co-Founder of her land and real estate development company, Troika Management Corp. Ms. Merrifield’s resignation is effective immediately.

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“Although for a short time, serving on the Valens Board alongside many talented and passionate individuals was a pleasure,” said Ms. Merrifield. “The Valens Company is well-positioned for a bright future, and I look forward to following its growth for years to come.”

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“On behalf of the Board of Directors and Executive leadership team, I would like to congratulate Ms. Merrifield on this exciting next step in her career and wish her the best for the future. We thank Ms. Merrifield for her valuable leadership expertise and contributions to our team,” said Tyler Robson, Chief Executive Officer of The Valens Company.

The Board Nominating and Corporate Governance Committee will immediately begin the search process for a new independent board member to succeed Ms. Merrifield. As laid out in the Nominating and Corporate Governance Committee Charter, the diversity of the Board will be considered when selecting a nominee.

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