Industry Overview - The outlook for investing in marijuana stocks has shifted, with the sector experiencing continuous dips and a lack of upward momentum, leading shareholders to consider cutting losses or remaining patient for market changes [1] - Historical volatility in trading has resulted in insufficient time for investors to take profits, prompting a focus on long-term strategies as hopes remain high for federal legalization of cannabis to ease market tensions [2] Company Highlights - **Tilray Brands, Inc.** has achieved a significant milestone by becoming the first authorized company to distribute medical cannabis in Italy, highlighting the therapeutic role of medical cannabis [6][7] - **Canopy Growth Corporation** operates in the production, distribution, and sale of cannabis and related products across multiple countries, including Canada, Germany, and Australia [7] - **Village Farms International, Inc.** has regained compliance with Nasdaq listing requirements, with its stock now meeting the minimum closing bid price of US$1.00 per share [14] Financial Performance - Village Farms International reported a net revenue decrease of 11% in Q4 FY2025, with a consolidated gross margin decline of 500 basis points to 16% [14] - The operating loss from continuing operations for Village Farms was $18 million in Q4 FY2025, showing an improvement of 83% [14] - Free cash flow for Village Farms was an outflow of $36 million in Q4 FY2025, which represents a 60% increase in outflow [14]

VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that it received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum closing bid price of US$1.00 per share listing requirement (Nasdaq Listing Rule 5550(a)(2)) and the matter is now closed. About Village Farms International Village Farms leverages decades of experience in ...

– Closing of transaction places Company in net cash position, poised for leadership in global cannabis industry – – Company plans to file proforma financial statements excluding discontinued operations within four business days – VANCOUVER, British Columbia, June 02, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that its pending transaction to privatize the majority of its fresh produce business closed on May 30, 2025. The transac ...

– Transaction creates new joint-venture in the North American produce industry backed by private investment firms – – Parties intend to provide additional capital to execute a roll-up strategy of other produce assets and operations – LAKE MARY, Fla., June 02, 2025 (GLOBE NEWSWIRE) -- Vanguard Food LP, a privately-held produce industry joint venture between Kennedy Lewis Investment Management, Sweat Equities, and Village Farms International, today announced the closing of a transaction which created a new, e ...

Financial Performance - Village Farms reported Q1 2025 consolidated sales of $77.1 million, a slight decrease from $78.1 million in Q1 2024[10]. - The company experienced a consolidated net loss of $6.7 million, or $0.06 per share, compared to a net loss of $2.9 million, or $0.03 per share in the prior year[10]. - Adjusted EBITDA for Q1 2025 was $0.1 million, down from $3.6 million in Q1 2024, indicating a significant decline in operational profitability[10]. - Sales for the three months ended March 31, 2025, were $77,074, a decrease of 1.3% from $78,077 in the same period of 2024[21]. - Gross profit for Q1 2025 was $11,340, down 27.0% from $15,513 in Q1 2024[21]. - Net loss attributable to Village Farms International Inc. shareholders increased to $6,703 in Q1 2025 from $2,852 in Q1 2024, representing a 134.5% increase[21]. - Adjusted EBITDA for Q1 2025 was $81, a significant decline from $3,591 in Q1 2024[21]. - Basic loss per share for Q1 2025 was $(0.06), compared to $(0.03) in Q1 2024[21]. - Total current assets decreased to $104,874,000 as of March 31, 2025, from $116,019,000 at December 31, 2024, a decline of 9.6%[45]. - Total liabilities decreased to $119,151,000 as of March 31, 2025, from $125,348,000 at December 31, 2024, a reduction of 4.5%[45]. - Cash and cash equivalents at the end of Q1 2025 were $15,125,000, down 38.5% from $24,631,000 at the end of Q4 2024[48]. - Net cash used in operating activities for Q1 2025 was $6,376,000, compared to a minimal usage of $50,000 in Q1 2024[48]. - Cash flows used in investing activities totaled $2,839,000 in Q1 2025, an increase from $1,876,000 in Q1 2024[48]. - Comprehensive loss attributable to Village Farms International, Inc. shareholders was $5,811,000 in Q1 2025, compared to $6,815,000 in Q1 2024, indicating a slight improvement[46]. Cannabis Operations - Canadian Cannabis net income increased 258% year-over-year to $3.0 million, with adjusted EBITDA rising 64% to $6.7 million[5][18]. - International medical export cannabis sales surged 285% year-over-year, contributing to gross margin expansion in Canadian Cannabis to 36%[5][10]. - Village Farms commenced cannabis sales in the Netherlands, marking its entry into the European recreational market, with sales beginning in late February 2025[5][10]. - The company plans to complete its Phase II facility in Groningen by Q1 2026, which is expected to quintuple annual production capacity[4][10]. - Retail branded sales in Canadian Cannabis decreased by 20%, while non-branded sales increased by 3% in Canadian dollars[10][19]. - The company maintained a top three market share position in Canada despite a reduction in lower-margin branded sales[5][16]. - Sales breakdown for Q1 2025 included $37,421 from VF Fresh, $34,837 from Canadian Cannabis, and $3,904 from U.S. Cannabis[23]. - The company is expanding its international presence by exporting medical cannabis to markets including Germany, the UK, Israel, Australia, and New Zealand[34]. - Village Farms plans to enter the U.S. THC market leveraging its 5.5 million square feet of greenhouse capacity in West Texas[35]. - Village Farms is one of the leading CBD and hemp-derived brands in the U.S. through its subsidiary Balanced Health Botanicals[35]. Strategic Initiatives - The company expects to receive $40 million in cash proceeds and a 37.9% equity ownership interest in Vanguard Food LP from the privatization of certain Fresh Produce segment assets[3][4]. - The partnership with Terreva Renewables is expected to reduce greenhouse gas emissions by 475,000 metric tons of CO2 annually[36]. - The company is focusing on high-growth cannabinoid opportunities internationally, with strategic investments in international assets[34]. - The proposed spin-out of produce assets into a new joint venture is part of the company's future growth strategy[38]. - Village Farms has 2.6 million square feet of additional greenhouse capacity available in Canada for future expansion[33]. Management Outlook - Management cautioned that the results for the three months ended March 31, 2025, may not be indicative of future performance[22]. - For the three months ended March 31, 2024, the total net loss was $2,852,000, with a significant loss from U.S. Cannabis operations amounting to $711,000[27]. - Adjusted EBITDA for the total company was $3,591,000, with the Canadian Cannabis segment contributing $4,073,000[27].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 (Mark One) FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended March 31, 2025 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from to Commission File Number 001-38783 VILLAGE FARMS INTERNATIONAL, INC. (Exact name of Registrant as Specified in its Charter) (State or other Jurisdiction of Inc ...

Company Simultaneously Announces Transformative Transaction to Privatize Certain Fresh Produce Segment Assets and Focus Resources on Global Cannabis Growth Opportunities Canadian Cannabis Delivers Strongest EBITDA Performance in 3 Years; Maintains Top 3 Market Share Nationally Despite Reduction in Lower-Margin Branded SalesCanadian Cannabis Net Income and Adjusted EBITDA Increased 258% and 64% Year-over-YearInternational Medical Export Cannabis Sales Increased 285% Year-Over-YearCommenced Cannabis Sales in ...

Core Viewpoint - Village Farms International, Inc. has entered into a definitive agreement to privatize certain assets of its Fresh Produce segment, creating a new joint venture, Vanguard Food LP, with private investment firms, allowing Village Farms to focus on its international business and cannabis opportunities [1][2][6]. Group 1: Transaction Overview - Village Farms will receive $40 million in cash and a 37.9% equity ownership interest in the newly formed Vanguard [1][5]. - The transaction involves the privatization of Village Farms' Texas-based greenhouse assets and produce-related intellectual property, with operational control transferred to Vanguard [4][5]. - The deal is expected to close in the second quarter of 2025, pending the satisfaction of closing conditions [4]. Group 2: Strategic Implications - Vanguard's growth strategy will leverage Village Farms' expertise in cultivation, sales, and distribution to execute a roll-up strategy of other North American produce brands [2][6]. - The partnership aims to create a premier branded consumer packaged goods (CPG) company focused on healthy lifestyles and sustainable farming practices [2][6]. - Village Farms will retain ownership of its Canadian cultivation assets and continue to supply fresh produce to Vanguard through service agreements [8][9]. Group 3: Leadership and Management - Charlie Sweat, founder of Sweat Equities, will serve as Chairman of Vanguard's Board, while Michael A. DeGiglio of Village Farms will be Interim CEO [3]. - The management team is expected to drive growth through mergers and acquisitions, capitalizing on shifting consumer preferences towards healthier food options [7][6]. Group 4: Future Prospects - Village Farms is positioned to expand its cannabis operations while allowing its fresh produce business to thrive independently [6][7]. - The transaction is seen as a significant step in unlocking long-term value for both Village Farms and Vanguard, with a focus on enhancing shareholder value [6][7].

Company Overview - Village Farms International, Inc. is a vertically integrated supplier focused on high-value, high-growth plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [4] - The company is a leading fresh produce supplier in the US and Canada and is expanding into high-growth opportunities in the cannabis and CBD markets [4] Cannabis Operations - In Canada, the company's subsidiary Pure Sunfarms is one of the largest cannabis operations globally and a top-selling brand [5] - Village Farms owns 80% of Rose LifeScience, a leading cannabis products commercialization expert in Québec [5] - The company exports medical cannabis from its EU GMP certified facility in Canada to various international markets, including Germany, the UK, Israel, and Australia [6] US Market Strategy - Village Farms plans to enter the US high-THC cannabis market, leveraging its extensive greenhouse operations in West Texas and expertise from Pure Sunfarms [7] Clean Energy Initiatives - Village Farms Clean Energy, in partnership with Terreva Renewables, generates clean energy from landfill gas, significantly reducing greenhouse gas emissions in Vancouver [8]

Core Viewpoint - Village Farms International, Inc. is set to discuss its first quarter 2025 financial results in a conference call scheduled for May 6, 2025, at 8:30 a.m. ET, following a news release at 7:00 a.m. ET on the same day [1][3]. Company Overview - Village Farms is a large-scale, Controlled Environment Agriculture-based supplier focused on high-value, high-growth plant-based Consumer Packaged Goods, with a strong foundation as a leading fresh produce supplier in the US and Canada [5]. - The company is capitalizing on growth opportunities in the cannabis and CBD sectors across North America, the Netherlands, and select international markets [5]. Cannabis Operations - In Canada, the company's subsidiary, Pure Sunfarms, is one of the largest cannabis operations globally and a leading brand in the market [6]. - Village Farms holds an 80% stake in Rose LifeScience, a prominent cannabis commercialization expert in Québec [6]. - The company is expanding its international cannabis and CBD presence, exporting medical cannabis to markets such as Germany, the UK, Israel, and Australia [7]. US Market Strategy - Village Farms plans to enter the US high-THC cannabis market, leveraging its extensive greenhouse operations in West Texas and the expertise gained from its Canadian operations [8]. Clean Energy Initiatives - Village Farms Clean Energy, in partnership with Terreva Renewables, generates clean energy from landfill gas, significantly reducing greenhouse gas emissions in Vancouver [9].