The Valens Company Inc. (TSX:VLNS) is looking for mergers and acquisitions. The Valens Company Inc. has closed its previously announced bought deal public offering of units of the company for total gross proceeds of $39,696,200. The company sold 19,364,000 units at a price of $2.05 per unit, including 2,284,000 units sold pursuant to the exercise of the underwriters' overallotment option. The company plans to use $32-million of the net proceeds of the offering to pursue strategic mergers and acquisitions, and business expansion opportunities in Canada and international markets, with the balance of the net proceeds for working capital requirements and general corporate purposes.