Village Farms International Inc. has announced a significant transaction to privatize certain assets of its Fresh Produce segment. This involves the transfer of its Texas-based, 40-acre Marfa II and 40-acre Fort Davis greenhouse assets, along with its produce-related intellectual property and produce distribution facilities, to a newly-formed joint venture called Vanguard Food LP. The transaction aims to reposition Village Farms' fresh produce business independently, supported by new strategic capital partners. The deal is set to close in the second quarter of 2025.
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