Village Farms International Finalizes Privatization of Fresh Produce Business, Paving Way for Global Cannabis Expansion

Reuters

02 Jun

Village Farms International Finalizes Privatization of Fresh Produce Business, Paving Way for Global Cannabis Expansion

Village Farms International Inc. has announced the closing of its transaction to privatize the majority of its fresh produce business, which was finalized on May 30, 2025. This strategic move transforms Village Farms into a global cannabis expansion platform, boasting ownership of 160 acres of advanced greenhouse facilities. The company aims to enhance its international market presence through its export sales and operations in the Netherlands, alongside an ownership interest in Vanguard Food LP. CEO Michael A. DeGiglio expressed excitement about this new chapter, highlighting the company's transition to focus on cannabis operations. Village Farms plans to file pro forma financial statements excluding discontinued operations within four business days to reflect the impact of this transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Village Farms International Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9461331-en) on June 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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