Village Farms International Announces Election of Directors

Rhea-AI Summary

On June 25, 2020, Village Farms International (NASDAQ: VFF) held its annual meeting where all director nominees were successfully elected. Key results include high approval ratings for nominees, with Michael A. DeGiglio receiving 98.9% approval and John P. Henry 99.0%. Additionally, PricewaterhouseCoopers LLP was appointed as the company's auditor, and the directors were given authority to determine the auditor's remuneration. The company is recognized for its substantial greenhouse operations in North America and its strategic position in the cannabis and CBD markets.

Positive

• All director nominees were elected with a high percentage of approval, indicating strong shareholder support.
• Appointment of PricewaterhouseCoopers LLP as auditor shows commitment to effective financial oversight.

Negative

• None.

VANCOUVER, BC, June 25, 2020 /PRNewswire/ - Village Farms International, Inc. (the "Company" or "Village Farms") (NASDAQ: VFF) (TSX: VFF) announced today that all of the director nominees listed in the management information circular dated May 22, 2020 were elected as directors of the Company at the annual and special meeting of shareholders held earlier today (the "Meeting"). The results of the vote for each nominee director are set out below:

Nominee	Proxy Votes For	Proxy %     For	Proxy Votes Withheld	Proxy % Withheld
Michael A. DeGiglio	17,366,234	98.9%	195,599	1.1%
John P. Henry	17,391,611	99.0%	170,222	1.0%
David Holewinski	17,300,308	98.5%	261,525	1.5%
John R. McLernon	16,581,558	94.4%	980,275	5.6%
Stephen C. Ruffini	17,113,977	97.5%	447,856	2.5%
Christopher C. Woodward	17,016,997	96.9%	544,836	3.1%

In addition, PricewaterhouseCoopers LLP was appointed auditor of the Company to hold office until the next annual meeting of shareholders and the directors were authorized to fix the auditor's remuneration and the Company's quorum-related by-law amendment was ratified.

Final voting results of all matters voted on at the Meeting will be made available on SEDAR at www.sedar.com.

About Village Farms International, Inc.

Village Farms is one of the largest and longest-operating vertically integrated greenhouse growers in North America. Village Farms produces and distributes fresh, premium-quality produce with year-round distribution to national grocers in the U.S. and Canada from more than nine million square feet of Controlled Environment Agriculture (CEA) greenhouses in Canada and the U.S., as well as from its partner greenhouses in Canada and Mexico. The Company is leveraging its 30 years of experience as a large-scale, low-cost vertically integrated grower for the rapidly emerging global cannabis and CBD opportunities. In Canada, British-Columbia-based Pure Sunfarms (majority-owned by Village Farms) is one of the single largest cannabis operations in the world and one of the best-selling brands in the country. In the U.S., subject to compliance with all applicable U.S. federal and state laws, the Company is pursuing a strategy become a leading developer and supplier of branded and white-labeled CBD products targeting "big box" and other major retailers and consumer packaged goods companies, and with one the largest greenhouse operations in country, is well positioned for the potential federal legalization of high-THC cannabis.

View original content:http://www.prnewswire.com/news-releases/village-farms-international-announces-election-of-directors-301083898.html

SOURCE Village Farms International, Inc.

FAQ

What was the result of the Village Farms International director election on June 25, 2020?

All director nominees were elected with significant support, with Michael A. DeGiglio receiving 98.9% of the votes.

Who was appointed as the auditor for Village Farms International in 2020?

PricewaterhouseCoopers LLP was appointed as the auditor during the annual meeting on June 25, 2020.

What is the stock symbol for Village Farms International?

The stock symbol for Village Farms International is VFF.

Where can I find the final voting results for Village Farms International's annual meeting?

Final voting results will be published on SEDAR, accessible at www.sedar.com.