19:05:39 EDT Tue 22 Jun 2021
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Village Farms International Inc
Symbol VFF
Shares Issued 81,191,191
Close 2021-06-10 C$ 12.78
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Village Farms shareholders OK all matters at AGSM

2021-06-10 17:52 ET - News Release

An anonymous director reports


Village Farms International Inc. has released the voting results from its annual and special meeting of shareholders held earlier today. A total of 49,330,959 common shares of the company, representing 60.76 per cent of the issued and outstanding common shares of the company, were voted in connection with the meeting by shareholders and proxyholders.

All of the matters put forward before the company's shareholders for consideration and approval, as set out in the company's proxy statement dated May 6, 2021, were approved by the requisite majority of votes cast at the meeting. Directors were elected as shown in the attached table.

Nominee                    Proxy votes     Proxy %       Proxy votes          Proxy %  
                                   for         for          withheld         withheld

Michael A. DeGiglio         32,242,381      94.31%         1,945,778            5.69%      
John P. Henry               32,418,671      94.82%         1,769,487            5.18%      
David Holewinski            32,526,521      95.14%         1,661,638            4.86%      
John R. McLernon            31,603,513      92.44%         2,584,645            7.56%      
Stephen C. Ruffini          31,815,046      93.06%         2,373,112            6.94%      
Christopher C. Woodward     27,605,322      80.75%         6,582,837           19.25%      

Also, PricewaterhouseCoopers LLP was reappointed auditor of the company to hold office until the next annual meeting of shareholders, and the directors were authorized to fix the auditor's remuneration. In addition, the shareholders of the company approved the renewal of, and certain amendments to, the company's amended and restated equity plan as well as all unallocated awards under the plan, as further described in the proxy statement.

Final voting results of all matters voted on at the meeting will be made available on SEDAR.

About Village Farms International Inc.

Village Farms is one of the largest and longest-operating greenhouse growers in North America. The company leverages decades of experience in large-scale, low-cost intensive agriculture as a vertically integrated produce supplier to pursue high-value, high-growth, plant-based consumer packaged goods opportunities in cannabis and CBD in North America and select markets internationally.

The company's wholly owned Canadian subsidiary, British Columbia-based Pure Sunfarms, is currently one of the single largest cannabis operations in the world, one of the lowest-cost greenhouse producers and one of the best-selling brands in Canada.

In the United States, subject to compliance with all applicable U.S. federal and state laws, Village Farms is pursuing a strategy to become a leading developer and supplier of branded and white-labelled CBD products targeting major retailers and consumer packaged goods companies. Village Farms has one of the largest greenhouse operations in the country, and is strategically positioned to utilize its agricultural experience and Pure Sunfarms's operational and product expertise to pursue potential high-THC cannabis opportunities as legally permitted to do so.

Internationally, Village Farms evaluates and targets select, nascent, legal cannabis and CBD opportunities with significant long-term potential, with an initial focus on the Asia-Pacific region through its investment in Australia-based Altum International.

We seek Safe Harbor.

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