On January 10, 2017, Valens Groworks Corp. (CNSX:GEC) closed the transaction. The company issued 1,158,614 units for gross proceeds of CAD 753,100 in its second and final tranche. The company has received a total of CAD 1,399,574 in the transaction. The transaction was oversubscribed. The tranche included participation from insiders for 644,461 units.