Village Farms International Commences Sales at Leli Holland Subsidiary in Netherlands
Village Farms International (VFF) has initiated order processing and deliveries through its wholly-owned subsidiary Leli Holland in the Netherlands, meeting previously announced timelines. Following the completion of its first harvest in December from the Drachten indoor cannabis facility, deliveries to Dutch coffeeshops will begin on February 7, 2025.
Leli Holland holds one of only 10 licenses for recreational cannabis production and distribution in the Netherlands' regulated program. The Drachten facility, completed in October 2024, is expected to be fully operational by Q2 2025. Starting April 7, 2025, coffeeshops in participating municipalities must exclusively source and sell cannabis products from regulated license holders.
The Dutch market is highlighted as a prime cannabis investment opportunity, featuring established legal consumption, zero-tax policy on regulated products, and more favorable pricing compared to Canada.
Village Farms International (VFF) ha avviato il processo di ordinazione e consegna attraverso la sua controllata interamente posseduta Leli Holland nei Paesi Bassi, rispettando i tempi previsti precedentemente annunciati. Dopo il completamento del suo primo raccolto a dicembre presso l'impianto indoor di cannabis di Drachten, le consegne ai coffeeshop olandesi inizieranno il 7 febbraio 2025.
Leli Holland detiene una delle sole 10 licenze per la produzione e distribuzione di cannabis ricreativa nel programma regolamentato dei Paesi Bassi. L'impianto di Drachten, completato nell'ottobre 2024, è previsto essere completamente operativo entro il secondo trimestre del 2025. A partire dal 7 aprile 2025, i coffeeshop nei comuni partecipanti dovranno ottenere e vendere esclusivamente prodotti a base di cannabis da titolari di licenze regolamentate.
Il mercato olandese è evidenziato come un'opportunità di investimento nella cannabis di prim'ordine, caratterizzato da un consumo legale consolidato, una politica di zero tasse sui prodotti regolamentati e prezzi più favorevoli rispetto al Canada.
Village Farms International (VFF) ha iniciado el procesamiento de pedidos y entregas a través de su subsidiaria de propiedad total Leli Holland en los Países Bajos, cumpliendo con los plazos previamente anunciados. Tras la finalización de su primera cosecha en diciembre en la instalación interior de cannabis de Drachten, las entregas a los coffeeshops holandeses comenzarán el 7 de febrero de 2025.
Leli Holland posee una de solo 10 licencias para la producción y distribución de cannabis recreativo en el programa regulado de los Países Bajos. La instalación de Drachten, completada en octubre de 2024, se espera que esté completamente operativa para el segundo trimestre de 2025. A partir del 7 de abril de 2025, los coffeeshops en los municipios participantes deberán obtener y vender exclusivamente productos de cannabis de los titulares de licencias reguladas.
El mercado holandés se destaca como una oportunidad de inversión en cannabis de primer orden, presentando un consumo legal establecido, una política de cero impuestos sobre productos regulados y precios más favorables en comparación con Canadá.
Village Farms International (VFF)는 네덜란드에 있는 전액 출자 자회사 Leli Holland를 통해 주문 처리 및 배송을 시작했으며, 이전에 발표된 일정에 맞춰 진행하고 있습니다. 드라흐텐 실내 대마초 시설에서 12월에 첫 번째 수확을 완료한 후, 네덜란드 커피숍으로의 배송은 2025년 2월 7일부터 시작될 예정입니다.
Leli Holland는 네덜란드의 규제 프로그램에서 레크리에이션 대마초 생산 및 유통을 위한 10개 라이센스 중 하나를 보유하고 있습니다. 2024년 10월에 완공된 드라흐텐 시설은 2025년 2분기까지 완전히 운영될 것으로 예상됩니다. 2025년 4월 7일부터는 참여하는 자치단체의 커피숍이 반드시 규제 라이센스 보유자로부터만 대마초 제품을 조달하고 판매해야 합니다.
네덜란드 시장은 법적으로 소비가 확립되어 있고, 규제 제품에 대해 세금이 없는 정책과 캐나다보다 유리한 가격을 특징으로 하는 우수한 대마초 투자 기회로 강조됩니다.
Village Farms International (VFF) a lancé le traitement des commandes et les livraisons via sa filiale en propriété exclusive Leli Holland aux Pays-Bas, respectant les délais annoncés précédemment. Suite à la récolte de décembre de ses installations de cannabis intérieures à Drachten, les livraisons aux coffeeshops néerlandais commenceront le 7 février 2025.
Leli Holland détient l'une des seules 10 licences pour la production et la distribution de cannabis récréatif dans le programme réglementé des Pays-Bas. L'installation de Drachten, achevée en octobre 2024, devrait être entièrement opérationnelle d'ici le deuxième trimestre de 2025. À partir du 7 avril 2025, les coffeeshops des communes participantes devront se fournir et vendre exclusivement des produits à base de cannabis auprès de titulaires de licences réglementées.
Le marché néerlandais est mis en avant comme une opportunité d'investissement de premier ordre dans le cannabis, avec une consommation légale établie, une politique de zéro taxe sur les produits réglementés et des prix plus favorables par rapport au Canada.
Village Farms International (VFF) hat die Auftragsbearbeitung und Lieferungen über ihre hundertprozentige Tochtergesellschaft Leli Holland in den Niederlanden initiiert und dabei die zuvor angekündigten Fristen eingehalten. Nach Abschluss der ersten Ernte im Dezember aus der Indoor-Cannabis-Anlage in Drachten beginnen die Lieferungen an niederländische Coffeeshops am 7. Februar 2025.
Leli Holland hält eine von nur 10 Lizenzen zur Produktion und Verteilung von Freizeit-Cannabis im regulierten Programm der Niederlande. Die Anlage in Drachten, die im Oktober 2024 fertiggestellt wurde, soll bis zum zweiten Quartal 2025 vollständig betriebsbereit sein. Ab dem 7. April 2025 müssen Coffeeshops in teilnehmenden Gemeinden ihre Cannabisprodukte ausschließlich von regulierten Lizenzinhabern beziehen und verkaufen.
Der niederländische Markt wird als eine erstklassige Investitionsmöglichkeit im Bereich Cannabis hervorgehoben und bietet etablierten legalen Konsum, eine Nullsteuerpolitik auf regulierte Produkte und günstigere Preise im Vergleich zu Kanada.
- Secured one of only 10 licenses in the Netherlands' regulated cannabis program
- Dutch market features zero-tax policy and better pricing environment than Canada
- Mandatory exclusive sourcing from licensed producers starting April 7, 2025
- Production facility completed and operational ahead of market opening
- None.
Insights
Village Farms' entry into the Dutch cannabis market represents a strategic coup in the European cannabis sector. As one of only ten licensed producers in a market of 18 million people, the company has secured a privileged position in what could become a blueprint for European cannabis regulation.
The Dutch market's structure offers several compelling advantages:
- Zero-tax policy on regulated products, enabling higher margins compared to other markets
- Premium pricing environment versus Canada, suggesting stronger revenue potential
- Mandatory sourcing requirement from April 7, 2025, creating a captive market for licensed producers
- Established cannabis culture with existing consumer base through coffeeshops
The Drachten facility's operational timeline, with full ramp-up expected in Q2 2025, aligns perfectly with the regulatory transition. This positions Village Farms to capture significant market share during the critical initial phase of the regulated market. With approximately
The strategic importance extends beyond immediate revenue potential - success in the Netherlands could position Village Farms as a preferred partner for other European markets considering cannabis regulation. The Dutch model, particularly its zero-tax approach and license framework, could influence future regulatory frameworks across Europe, potentially creating first-mover advantages in additional markets.
– Company meets previous guidance on commencement of sales with deliveries of first flower harvest to coffeeshops –
ORLANDO, Fla. and VANCOUVER, British Columbia, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced it has begun processing orders and deliveries at its wholly-owned Leli Holland subsidiary (“Leli”) in the Netherlands, meeting its previously-disclosed guidance on its timeline to commencement of sales in the Dutch market. The Company completed its first harvest from its indoor cannabis production facility in Drachten, Netherlands in December and will begin deliveries of cannabis to Dutch coffeeshops on February 7, 2025.
Leli Holland holds one of 10 licenses to produce and distribute recreational cannabis in the regulated program in the Netherlands, which has a population of 18 million people. Leli Holland’s production facility in Drachten was completed in October 2024, and the Company expects Drachten operations to be fully ramped in the second quarter of 2025. On April 7, 2025, all coffeeshops in participating municipalities will be required to buy and sell cannabis products solely from regulated license holders.
Michael DeGiglio, President and Chief Executive Officer of Village Farms International commented, “Today’s news marks the culmination of nearly five years of work by our team to commercialize Leli’s operations, and we are thrilled to begin deliveries to Dutch coffeeshops and meet our previously-disclosed timeline to launch of sales. With a long-established culture of legal cannabis consumption, a zero-tax policy toward regulated products, and a considerably more favorable pricing environment than Canada, the Dutch market represents one of the most attractive cannabis investment opportunities globally. We are confident in our ability to continue executing a profitable international growth strategy, and look forward to continued collaboration with the Dutch government to create a model for success in regulating cannabis internationally.”
About Village Farms International
Village Farms leverages decades of experience as a large-scale, Controlled Environment Agriculture-based, vertically integrated supplier for high-value, high-growth plant-based Consumer Packaged Goods. The Company has a strong foundation as the leading and longest-tenured leading fresh produce supplier to grocery and large-format retailers throughout the US and Canada and is capitalizing on new high-growth opportunities in the cannabis and CBD categories in North America, the Netherlands and selected markets internationally.
In Canada, the Company's wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer and one of Canada’s best-selling brands. The Company also owns
Internationally, Village Farms is targeting selected, nascent, legal cannabis and CBD opportunities with significant medium- and long-term potential. The Company exports medical cannabis from its EU GMP certified facility in Canada to a growing list of international markets including Germany, the United Kingdom, Israel, and Australia. The Company is expanding its international presence with additional export contracts to new countries and customers in the Asia-Pacific and European regions, as well as select strategic investments in operating assets. In Europe, wholly-owned Leli Holland has one of 10 licences to grow and distribute recreational cannabis products.
In the US, wholly-owned Balanced Health Botanicals is one of the leading CBD and hemp-derived brands and e-commerce platforms in the country. Subject to compliance with all applicable US federal and state laws and stock exchange rules, Village Farms plans to enter the US high-THC cannabis market via multiple strategies, leveraging one of the largest greenhouse operations in the country (more than 5.5 million square feet in West Texas), as well as the operational and product expertise gained through Pure Sunfarms' cannabis success in Canada.
Village Farms Clean Energy (VFCE), through a partnership with Atlanta-based Terreva Renewables, creates clean energy from landfill gas at its Delta RNG facility. VFCE receives royalties on all revenue generated. This partnership reduces Vancouver’s greenhouse gas emissions by 475,000 metric tons of CO2 per year, equivalent to removing more than 100,000 vehicles off the road or the energy use equivalent of powering 51,300 homes for one year.
Contact Information
| Sam Gibbons Senior Vice President, Corporate Affairs Phone: (407) 936-1190 ext. 328 Email: sgibbons@villagefarms.com |
FAQ
When will Village Farms (VFF) begin cannabis deliveries to Dutch coffeeshops?
How many cannabis production licenses were issued in the Netherlands' regulated program?
When will VFF's Drachten facility be fully operational?
What is the mandatory start date for Dutch coffeeshops to buy from licensed producers?
What advantages does the Dutch cannabis market offer VFF compared to Canada?
