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Village Farms International, Inc. (symbol: VFF) is a leading North American grower and marketer of branded, high-quality, hydroponic greenhouse-grown produce. The company produces a variety of fresh vine-ripened tomatoes, bell peppers, and cucumbers that are handpicked at their peak flavor. With operations in British Columbia and Texas, Village Farms is committed to exceeding customer expectations through quality produce, food safety standards, and sustainable growing practices.
Village Farms prides itself on their HydroPerfect® growing methods, which allow for year-round production of vegetables that are healthier for both consumers and the planet. The company operates intensive agricultural greenhouse facilities and also delves into the cannabis industry through its wholly owned subsidiary, Pure Sunfarms, which supplies cannabis products to other licensed providers and provincial governments in Canada and internationally. Another subsidiary, Balanced Health, focuses on developing and selling CBD-based products including ingestible, edible, and topical applications.
The company’s core business is divided into four operating segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy, with a majority of revenue generated from the Produce segment. Village Farms has demonstrated consistent industry leadership, evidenced by its #1 position in Ontario's licensed producer market and significant market share gains in Quebec, Alberta, and British Columbia. Recent launches such as Super Toast have rapidly gained national momentum in Canada, reinforcing Village Farms' market standing.
Village Farms continues to expand its footprint and market presence, consistently retaining dominant positions in various categories across multiple provinces. As of May 2024, the company is poised to expand further into Atlantic Canada, ensuring nationwide availability of its leading brands.
Village Farms International (NASDAQ: VFF) announced that CEO Michael DeGiglio and CFO Stephen Ruffini will present at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 1:20 p.m. ET. The presentation will be available via live webcast on the company's website and archived for 90 days. Village Farms, a leading greenhouse grower, focuses on high-value plant-based Consumer Packaged Goods in cannabis and CBD. Its subsidiary, Pure Sunfarms, is among the largest cannabis producers worldwide and has been profitable for seven consecutive quarters.
Village Farms International announced that its Texas greenhouse operations remained stable despite severe weather conditions affecting the state. The company will report its fourth quarter and full-year financial results on March 16, 2021, with a conference call scheduled for the same day. Village Farms emphasizes its expertise in low-cost agriculture and its successful operations through its subsidiary, Pure Sunfarms, which has been profitable for seven consecutive quarters. The company is also pursuing opportunities in the cannabis and CBD markets.
Village Farms International (NASDAQ: VFF) announced the full repayment of a C$19.9 million promissory note related to the acquisition of Pure Sunfarms Corp., eliminating any remaining debt to Emerald Health Therapeutics. Additionally, Village Farms increased its equity stake in Altum International from 6.6% to nearly 10%, highlighting a focused strategy on the Asia-Pacific cannabis market with significant long-term growth potential. CEO Michael DeGiglio emphasized that the investment aligns with the company's international cannabis strategy, leveraging emerging market opportunities.
Village Farms International's subsidiary, Pure Sunfarms, has launched its first cannabis-infused edible products, Real Fruit Gummies, in British Columbia. This product line includes Sour Black Cherry and Sour Raspberry gummies, with plans for more flavors. The gummies are made from real fruit, featuring natural flavors and vegan ingredients. Pure Sunfarms aims to capture a significant share of the growing edibles market in Canada, where it already ranks among the top producers. The company has generated profitability for seven consecutive quarters and is well-positioned for future growth.
Village Farms International has completed a registered direct offering, raising approximately US$135 million by selling 10,887,097 common shares at US$12.40 each. The gross proceeds are intended for general working capital purposes. Post-offering, the company has 77,818,908 common shares outstanding. The offering was co-led by A.G.P./Alliance Global Partners and Raymond James, with Roth Capital Partners also participating as co-placement agent.
Village Farms International has entered into definitive agreements for a registered direct offering of 10,887,097 common shares, aiming for gross proceeds of approximately US$135 million. Each share is priced at US$12.40, with net proceeds intended for general working capital purposes. The offering is conditioned upon customary closing requirements and is expected to finalize by January 20, 2021. A.G.P./Alliance Global Partners and Raymond James are acting as co-lead placement agents, while Roth Capital Partners is a co-placement agent.
Village Farms International (NASDAQ: VFF) announced a virtual presentation at the ICR Conference 2021 on January 13 at 2:30 p.m. ET. CEO Michael DeGiglio and CFO Stephen Ruffini will discuss the success of Pure Sunfarms, its leading cannabis brand in Canada, which has been profitable for seven consecutive quarters. The Company aims to leverage its extensive greenhouse operations in the U.S. for potential opportunities in the cannabis market. A live webcast will be available on the Company’s website, with recordings accessible for 90 days.
Village Farms International (NASDAQ: VFF) announced that it is unaware of any undisclosed material information causing recent stock price increases and trading volume spikes, per IIROC's request. The company is a major greenhouse grower in North America and is expanding into high-growth plant-based goods in cannabis and CBD. Its Pure Sunfarms division is a leading, cost-effective producer in Canada, showing profitability for seven quarters. In the U.S., Village Farms aims to capitalize on the CBD market, while also exploring cannabis opportunities in Asia-Pacific.
Village Farms International, Inc. (NASDAQ: VFF) announced an exclusive partnership with White Rabbit OG for developing cannabis-infused gummies using White Rabbit's EAT ME Technology. This proprietary all-natural emulsion ensures effective THC and CBD dosing. The gummies will be unique in Canada for using real fruit and are plant-based, allergen-free, and vegan. Additionally, Pure Sunfarms will launch high-THC vape products, consisting of pure cannabis extract. The agreement with White Rabbit lasts two years, emphasizing Village Farms' growth strategy in the expanding cannabis market.
Village Farms International (VFF) announced that DutchCanGrow Inc. (DCG), a Netherlands-based cannabis company in which it holds a 16% stake, did not receive one of the ten cannabis production licenses in a recent lottery. Instead, DCG is eighth on a waiting list. Only 40 out of nearly 150 applicants were considered for the licenses. The review of the top ten applicants will take 8 to 12 weeks. Village Farms highlights its capability to contribute significantly to the Dutch cannabis market, focusing on providing safe and quality cannabis.
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