An anonymous director reports

VILLAGE FARMS INTERNATIONAL COMPLETES $20 MILLION BOUGHT DEAL PUBLIC OFFERING OF COMMON SHARES

Village Farms International Inc. has completed its previously announced bought deal offering of one million common shares in the capital of the company at a price of $20 per offered share for aggregate gross proceeds to the company of $20-million. The offering was conducted by a syndicate of underwriters led by Beacon Securities Ltd. and including Canaccord Genuity Corp. and GMP Securities LP.

The company intends to use the net proceeds for working capital purposes, including the growth capital needs of the company's U.S. hemp business. Further details can be found in the company's short form prospectus dated April 12, 2019, which is available on SEDAR.

Upon closing of the offering, there were 49,112,003 issued and outstanding common shares of the company.

About Village Farms International Inc.

Village Farms International is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada. Village Farms International produces and distributes fresh, premium-quality produce with consistency 365 days a year to national grocers in the United States and Canada from more than nine million square feet of controlled environment agriculture (CEA) greenhouses in British Columbia and Texas, as well as from its partner greenhouses in British Columbia, Ontario and Mexico. The company is now leveraging its 30 years of experience as a vertically integrated grower for the rapidly emerging global cannabis opportunity through its 50-per-cent ownership of British Columbia-based Pure Sunfarms Corp., one of the single largest cannabis-growing operations in the world. The company also intends to pursue opportunities to become a vertically integrated leader in the U.S. hemp-derived cannabidiol market, subject to compliance with all applicable U.S. federal and state laws.

We seek Safe Harbor.