18:17:47 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Village Farms International Inc
Symbol VFF
Shares Issued 56,250,419
Close 2020-04-03 C$ 3.47
Market Cap C$ 195,188,954
Recent Sedar Documents

Village Farms' interest in Pure Sunfarms at 58.7%

2020-04-03 09:21 ET - News Release

An anonymous director reports

VILLAGE FARMS INTERNATIONAL ANNOUNCES COMPLETION OF PURE SUNFARMS' EXPANDED CREDIT FACILITY WITH EXISTING LENDER FOR UP TO $59 MILLION AND MAKES ADDITIONAL CAPITAL CONTRIBUTION TO PURE SUNFARMS TO INCREASE OWNERSHIP TO 58.7%

Village Farms International Inc.'s majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has satisfied all preconditions and completed its previously announced expansion of its credit facility with its existing lender to $59-million, including accordion provisions of $22.5-million.

As a precondition to completion of the debt facility, Village Farms has made an additional capital contribution of $8-million in Pure Sunfarms and, as a result, has further increased its majority ownership of Pure Sunfarms to 58.7 per cent from 57.4 per cent.

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.

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