The Valens Company (VLNS) Reports Q2 Loss Per Share of C$2.13
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The Valens Company Reports Second Quarter Fiscal 2022 Financial Results
July 13, 2022 5:00 PM EDTRealized initial benefits of Integration Initiatives, with SG&A as a percent of revenue declining 908 basis points in Q2 2022 from Q1 2022
In five months, Valens has actioned $15 million in annual cost savings and has identified in excess of $5 million additional cost savings to be actioned over the next few quarters exceeding management's original $20 million target
Achieved double-digit revenue growth in Green Roads, B2B, & International revenue segments. Provincial sales rebounded strongly in June with record monthly revenue
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