– Parties urge the court to take immediate corrective action in response to renewed Request – – Filing asserts that DEA is using authority in these proceedings to thwart a proposal it vehemently opposes – – New evidence of widespread DEA wrongdoing necessitates Agency's removal from participation in proceedings – ORLANDO, Fla. and VANCOUVER, British Columbia, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) and Hemp for Victory (collectively ...

DELTA, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Pure Sunfarms Corp. (“Pure Sunfarms”), a wholly owned subsidiary of Village Farms International, Inc. (Nasdaq: VFF) and a leading global cannabis operation with top-performing brands, announces the launch of The Canna Czar presented by Soar. This twax blunt honours the artistry of the legacy Canna Czar through its recreation for today’s consumer. The Canna Czar is a 2.1g specialty twax blunt. The layered infused blunt is handmade with a golden shatt ...

Village Farms International (NASDAQ:VFF) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Michael DeGiglio - President and CFO Stephen Ruffini - EVP and CFO Ann Gillin Lefever - COO Conference Call Participants Aaron Grey - Alliance Global Partners Eric Des Lauriers - Craig Hallum Capital Group Michael Regan - Excelsior Equities Doug Cooper - Beacon Securities Pablo Zuanic - Zuanic & Associates Brenna Cunnington - ATB Capital Markets Operator Good morning, ladies and gentlem ...

Financial Data and Key Metrics - Total sales grew 20% year-over-year to $83.4 million, driven by strong growth in both Canadian cannabis and fresh produce segments [29] - Net loss narrowed to CAD 800,000 or CAD 0.01 per share from a CAD 1.3 million loss last year, with positive net income contributions from both Canadian cannabis and Fresh Produce [29] - Consolidated adjusted EBITDA was positive CAD 5.3 million, up 65% from CAD 3.2 million for Q3 last year [29] - Fresh Produce sales increased 20% year-over-year to $42.8 million, with gross margin improving by 400 basis points to 8% [9][30] - Canadian cannabis total net sales grew 29% year-over-year to CAD 15 million, with positive adjusted EBITDA of CAD 6.5 million and operating cash flow of CAD 6.1 million [11][32] Business Line Performance - Fresh Produce segment delivered positive adjusted EBITDA of $2.3 million and net income of $0.4 million, driven by higher volumes and improved pricing [9][30] - Canadian cannabis retail branded sales grew 22% to CAD 37.2 million, while non-branded sales increased 68% to CAD 10.1 million [11][33] - International medical sales doubled year-over-year, with strong growth in Germany, Australia, and the UK [11] - U S cannabis sales were CAD 3 9 million with a gross margin of 63% impacted by regulatory challenges in certain states [36] Market Performance - The company holds the 1 market share in Ontario and Quebec, Canada's two most populous provinces, and maintains the 1 position in flower with a 2 7% increase in market share during Q3 [13] - In the German market, the company's strains are ranked 1 and 3, reflecting strong international customer reception [12] - The company improved its market position in pre-rolls from 4 to 2 nationally, with a 2 3% increase in market share [13] Strategic Direction and Industry Competition - The company is focusing on higher ROI opportunities, particularly in international markets like Europe, while being cautious about capital allocation in Canada due to high excise taxes [23][53] - The company is expanding its presence in the Netherlands, with the Leli Holland subsidiary expected to begin sales in Q1 2025, targeting a EUR 3 billion to EUR 3 5 billion market opportunity [25][26] - The company is prioritizing profitability over volume in Canada, moving away from lower-margin SKUs and raising prices on others [21] Management Commentary on Operating Environment and Future Outlook - Management highlighted the challenges of excise taxes in Canada, which totaled CAD 24 million in Q3 and CAD 78 million year-to-date, impacting capital allocation decisions [35] - The company is optimistic about the potential for cannabis rescheduling in the U S and is participating in the DEA's upcoming hearing on the matter [44][46] - Management expressed confidence in the stabilization of the U S cannabis market and plans to invest in growth initiatives, including new SKUs and innovative product offerings [18][37] Other Important Information - The company completed construction of its indoor cultivation facility in the Netherlands and began cultivation in October, with first sales expected in Q1 2025 [25] - The company's Village Farms Clean Energy project generated net income of CAD 300,000 in Q3, with royalty payments providing incremental profits [38] - The company ended Q3 with cash of CAD 28 7 million and working capital of CAD 65 4 million, with total term debt of CAD 43 million [39] Q&A Session Summary Question: Allocation of product between Canada and international markets - The company is focusing on higher-margin markets internationally, particularly in Europe, while being cautious about expanding capacity in Canada due to high excise taxes and overcapacity [50][53] - The company is moving away from lower-margin SKUs in Canada and raising prices where possible, with a focus on profitability over volume [51] Question: Impact of stock-outs on Canadian cannabis sales - The stock-outs were due to higher-than-expected demand and internal supply chain issues, with normalization expected by Q1 2025 [56] Question: Pricing strategy in Canada - The company is focusing on SKU-by-SKU and brand-by-brand pricing opportunities, with no plans for across-the-board price increases [60][61] Question: Cost structure and profitability of the Netherlands facility - The company is confident in the profitability of the Netherlands facility, with expected pricing of EUR 6 per gram and no excise tax, leading to higher margins compared to Canada [64][65] Question: Market share in Canada - The company holds the 1 market share in Ontario and Quebec, with 4 in BC and 6 in Alberta, aiming to maintain a top-three position in Canada [74][75] Question: Growth outlook for the Canadian cannabis market - The overall Canadian cannabis market growth is expected to slow to mid-single-digits, with the company focusing on innovation and market share gains [77] Question: Netherlands market potential and capacity expansion - The company expects to ramp up to full capacity of 2,000 kilos of dry flower by Q2 2025, with strong demand expected to sell out inventory quickly [82][83] Question: Potential for M&A in international markets - The company is open to M&A opportunities in international markets, particularly in Europe, to gain more control over the route to market and vertical integration [93][95] Question: Impact of recent U S election results on cannabis rescheduling - Management is optimistic about the potential for cannabis rescheduling in the U S, citing bipartisan support and the health and wellness benefits of cannabis [113][115] Question: Gross margin decline in Canadian cannabis - The gross margin decline was primarily due to the mix of B2B sales, with branded product margins returning to the 30%-40% target range [110]

Village Farms (VFF) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this greenhouse operator would post a loss of $0.03 per share when it actually produced a loss of $0.10, delivering a surprise of -233.33%.Over the last four quarters, the company h ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Village Farms International Reports Strong Q3/24 Results • Total Sales Grew 20% Year-over-Year: 29% Canadian Cannabis Net Sales Growth; 20% Fresh Produce Sales Growth; 111% International Medicinal Cannabis Sales Growth • Canadian Cannabis Remained #2 by Market Share and was Fastest Growing LP over Last Year; 22% Year-over-Year Retail Branded Sales Growth • Commenced Cultivation in Netherlands; Company's First International Recreational Market • Canadian Cannabis Delivered ...

Canadian Cannabis Segment Performance - Canadian Cannabis segment achieved the number one market share in Quebec and maintained the number one market share in Ontario[54] - Canadian Cannabis segment saw year-over-year increases in international medicinal sales to Australia, Germany, and the United Kingdom for Q3 and year-to-date 2024[54] - Canadian Cannabis segment launched Neon Lambo cultivar in Q4 2024 with strong reception and plans new category launches through Q4 2024 and Q1 2025[54] - Canadian Cannabis net sales increased by 27% to $36,463 for the three months ended September 30, 2024, compared to $28,810 in the same period in 2023, driven by an 18% increase in branded sales and a 66% increase in non-branded sales[75] - Canadian Cannabis net sales for the nine months ended September 30, 2024, increased by 40% to $114.654 million, driven by a 30% increase in branded sales and a 128% increase in non-branded sales[89] - Canadian Cannabis gross margin decreased to 26% in Q3 2024 from 35% in Q3 2023, driven by unfavorable sales mix and higher non-branded sales[81] - Canadian Cannabis net income for Q3 2024 was $1.168 million, down from $2.863 million in Q3 2023, primarily due to higher tax provisions and increased SG&A expenses[83] - Adjusted EBITDA for Canadian Cannabis in Q3 2024 was $4.752 million, slightly up from $4.585 million in Q3 2023[84] - Adjusted EBITDA for Canadian Cannabis for the nine months ended September 30, 2024, was $13.643 million, compared to $13.273 million in the same period in 2023[92] - International sales in the Canadian Cannabis segment increased by 94% primarily due to higher sales to Germany, the United Kingdom, and Australia[75] - Canadian Cannabis excise duties increased by 37% to $57.193 million for the nine months ended September 30, 2024, due to higher branded sales volume[89] - No impairment indicators for Canadian Cannabis as of September 30, 2024 and September 30, 2023[129] U.S. Cannabis Segment Performance - U.S. Cannabis segment selected as one of 25 participants for the DEA's upcoming hearing on marijuana rescheduling, expected in January or February 2025[55] - U.S. Cannabis net sales for Q3 2024 decreased by 21% to $3.943 million, primarily due to new CBD sales restrictions and lower direct-to-consumer sales[93] - U.S. Cannabis gross profit for Q3 2024 was $2.500 million, with a gross margin of 63%, down from $3.185 million and a 64% margin in Q3 2023[95] - U.S. Cannabis net sales for the nine months ended September 30, 2024 decreased by $2,489 (16%) to $12,777 compared to $15,266 for the same period in 2023, primarily due to new restrictions on CBD sales in eight states and competition from unregulated hemp-derived products[98] - U.S. Cannabis gross profit for the nine months ended September 30, 2024 decreased by $2,157 to $7,824 (61% gross margin) compared to $9,981 (65% gross margin) in 2023, driven by lower sales and a shift in product mix[100] - U.S. Cannabis net loss for the nine months ended September 30, 2024 was ($13,173), significantly higher than the net loss of ($125) in 2023, primarily due to a 2024 impairment charge of ($11,939) and lower sales at a reduced gross margin[100] - The company recognized a goodwill and intangible asset impairment of $11,939 in the U.S. Cannabis segment due to recent historical performance and near-term forecasts[75] - The U.S. Cannabis segment's fair value was determined using a discounted cash flow projection with an average revenue growth rate of 6% between 2025 to 2028[126] - The company's U.S. Cannabis segment faced challenges due to new restrictions on CBD sales in eight states and the proliferation of unregulated hemp-derived products[126] - Impairment charge to goodwill of $10,039 recorded due to fair value being lower than carrying amount as of June 30, 2024[128] - Impairment charge to brand intangible of $1,900 allocated due to fair value being lower than carrying value of $1,900 as of June 30, 2024[128] VF Fresh (Produce) Segment Performance - VF Fresh (Produce) segment implemented new cultivation technologies, including artificial intelligence, to drive operational improvements[55] - VF Fresh sales for the three months ended September 30, 2024 increased by $7,058 (20%) to $42,770 compared to $35,712 in 2023, driven by a 25% increase in pounds sold from Company-owned greenhouses and a 6% increase in volume from supply partners[102] - VF Fresh gross profit for the three months ended September 30, 2024 improved to $3,481 (8% gross margin) compared to $1,492 (4% gross margin) in 2023, due to increased pounds sold at a lower cost per pound[104] - VF Fresh net income for the three months ended September 30, 2024 was $376, a significant improvement from a net loss of ($951) in 2023, driven by higher sales volume and stronger gross margins[106] - VF Fresh sales for the nine months ended September 30, 2024 increased by $11,758 (10%) to $125,883 compared to $114,125 in 2023, primarily due to a 12% increase in pounds sold and higher supply partner average selling prices[108] - VF Fresh gross profit for the nine months ended September 30, 2024 improved to $2,627 (2% gross margin) compared to a gross loss of ($654) (-1% gross margin) in 2023, driven by increased sales and lower costs per pound[110] - VF Fresh net loss for the nine months ended September 30, 2024 was ($7,810), compared to a net loss of ($4,268) in 2023, primarily due to the absence of a $5,584 legal settlement benefit recorded in 2023[112] Village Farms Clean Energy Segment Performance - Village Farms Clean Energy's Delta RNG Project began operations in April 2024, contributing incremental profit to the company[56] - Village Farms Clean Energy produced net income of $0.3 million in Q3 2024 through royalty payments from its clean energy partner[56] Financial Performance Overview - Sales for the three months ended September 30, 2024 increased by $13,858 (20%) to $83,368 compared to $69,510 in the same period in 2023, driven by growth in Canadian Cannabis and VF Fresh sales[66] - Gross profit for the three months ended September 30, 2024 increased by $1,087 (7%) to $15,708 compared to $14,621 in the same period in 2023, primarily due to higher gross profit at VF Fresh[66] - Adjusted EBITDA for the three months ended September 30, 2024 improved to $5,302 compared to $3,248 in the same period in 2023, driven by stronger performance from VF Fresh[70] - Sales for the nine months ended September 30, 2024 increased by $42,249 (20%) to $253,627 compared to $211,378 in the same period in 2023, driven by growth in Canadian Cannabis and VF Fresh sales[70] - Gross profit for the nine months ended September 30, 2024 increased by $2,049 (5%) to $40,469 compared to $38,420 in the same period in 2023, primarily due to higher gross profit at VF Fresh and Canadian Cannabis[70] - Adjusted EBITDA for the nine months ended September 30, 2024 decreased by $2,909 to $5,334 compared to $8,243 in the same period in 2023, mainly due to the inclusion of the ToBRFV Legal Settlement in 2023 and higher selling, general, and administrative costs in 2024[72] - Interest expense for the three months ended September 30, 2024 decreased by $204 (21%) to $784 compared to $988 in the same period in 2023, due to a decrease in the average outstanding debt balance[62] - Interest expense for the nine months ended September 30, 2024 decreased by $926 (26%) to $2,606 compared to $3,532 in the same period in 2023, due to a decrease in the average outstanding debt balance[68] - Loss before taxes for the three months ended September 30, 2024 decreased by $2,261 to $656 compared to $2,917 in the same period in 2023, primarily due to improved gross margins and a foreign currency gain[65] - Loss before taxes for the nine months ended September 30, 2024 increased by $17,273 (191%) to $26,313 compared to $9,040 in the same period in 2023, primarily due to an impairment of goodwill and intangible assets in the U.S. Cannabis segment[70] - Total sales for the three months ended September 30, 2024, were $83,368, with Fresh Produce contributing $42,770, Cannabis Canada $36,463, Cannabis U.S. $3,943, and Clean Energy $192[73] - Adjusted EBITDA for the three months ended September 30, 2024, was $5,302, with Cannabis Canada contributing $4,752, Fresh Produce $2,331, and Clean Energy $313[73] - Total sales for the nine months ended September 30, 2024, were $253,627, with Fresh Produce contributing $125,883, Cannabis Canada $114,654, Cannabis U.S. $12,777, and Clean Energy $313[75] - Adjusted EBITDA for the nine months ended September 30, 2024, was $5,334, with Cannabis Canada contributing $13,643, Fresh Produce ($1,991), and Clean Energy $354[75] - Net loss for the nine months ended September 30, 2024, was $27,221, with Cannabis Canada contributing $3,399, Fresh Produce ($7,810), and Cannabis U.S. ($13,173)[75] - Basic and diluted loss per share for the nine months ended September 30, 2024, was $0.25[75] - Total sales for the company reached $211.378 million, with Fresh Produce contributing $114.125 million, Cannabis Canada $81.987 million, and Cannabis U.S. $15.266 million[76] - Sales for the three months ended September 30, 2024, increased by 20% to $83.368 million compared to $69.510 million in 2023[125] - Adjusted EBITDA for the three months ended September 30, 2024, increased by 63% to $5.302 million compared to $3.248 million in 2023[125] - Sales for the nine months ended September 30, 2024, increased by 20% to $253.627 million compared to $211.378 million in 2023[126] - Adjusted EBITDA for the nine months ended September 30, 2024, decreased by 35% to $5.334 million compared to $8.243 million in 2023[126] - Cost of sales for the nine months ended September 30, 2024, increased by 23% to $213.158 million compared to $172.958 million in 2023[126] - Selling, general, and administrative expenses for the nine months ended September 30, 2024, increased by 5% to $52.593 million compared to $49.980 million in 2023[126] - Net income for the three months ended September 30, 2024, was a loss of $820 thousand, with significant contributions from Cannabis Canada ($1,168 thousand) and Clean Energy ($297 thousand), offset by losses in Cannabis U.S. ($192 thousand) and Corporate ($2,469 thousand)[121] - Adjusted EBITDA for the three months ended September 30, 2024, was $5.302 million, driven by strong performance in Cannabis Canada ($4.752 million) and Fresh Produce ($2.331 million), despite losses in Cannabis U.S. ($159 thousand) and Corporate ($1.935 million)[121] - For the nine months ended September 30, 2024, the company reported a net loss of $27.221 million, with Cannabis Canada contributing $3.399 million in income, while Fresh Produce and Corporate reported losses of $7.810 million and $9.975 million, respectively[122] - Adjusted EBITDA for the nine months ended September 30, 2024, was $5.334 million, with Cannabis Canada contributing $13.643 million, offset by losses in Fresh Produce ($1.991 million), Cannabis U.S. ($1.014 million), and Corporate ($5.658 million)[122] - Net loss for the three months ended September 30, 2023, was $1.299 million, with Cannabis Canada generating $2.863 million in income, while Fresh Produce and Corporate reported losses of $951 thousand and $3.232 million, respectively[123] - Adjusted EBITDA for the three months ended September 30, 2023, was $3.248 million, with Cannabis Canada contributing $4.585 million, offset by losses in Fresh Produce ($774 thousand), Clean Energy ($57 thousand), and Corporate ($2.275 million)[123] - Net loss for the nine months ended September 30, 2023, was $9.315 million, with a total adjusted EBITDA of $8.243 million[124] Financial Position and Liquidity - As of September 30, 2024, the company had cash and cash equivalents of $28,696 and working capital of $65,441, compared to $35,291 and $79,612, respectively, at December 31, 2023[114] - FCC Term Loan balance was $21,312 on September 30, 2024, down from $22,788 on December 31, 2023, with an interest rate of 8.81% per annum[116] - Operating Loan had an outstanding balance of $4,000 and future availability of $4,556 on September 30, 2024[116] - PSF Non-Revolving Facility outstanding amount was $7,028 on September 30, 2024, down from $8,298 on December 31, 2023, with an interest rate of 8.45%[117] - PSF Term Loan outstanding amount was $11,560 on September 30, 2024, down from $13,201 on December 31, 2023, with an interest rate of 8.45%[117] - BDC Credit Facility outstanding amount was $3,353 on September 30, 2024, down from $3,771 on December 31, 2023, with an interest rate of 10.20%[117] - Cash provided by operating activities for the nine months ended September 30, 2024 was $9,936, compared to $6,805 for the same period in 2023[117] - Cash used in investing activities for the nine months ended September 30, 2024 was ($8,227), primarily due to capital expenditures for the Netherlands-based cannabis production facility[117] - Cash used in financing activities for the nine months ended September 30, 2024 was ($8,118), including debt repayments of ($4,301) and acquisitions of additional ownership interests in Rose LifeScience and Leli[117] - Net cash decrease for the nine months ended September 30, 2024 was ($6,409), compared to a net cash increase of $18,842 for the same period in 2023[118] Market and Regulatory Developments - The company received notification from Nasdaq regarding non-compliance with the minimum bid price requirement, with a compliance deadline of April 16, 2025[56] - Leli Holland completed construction of its first indoor cultivation facility in Drachten, Netherlands, with cultivation beginning in October 2024 and first sales expected in Q1 2025[56] - Company monitors foreign exchange risk and matches sales and vendor payments to minimize net impact[131] - No material changes to market risks other than interest rate and foreign exchange risks[131]

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VANCOUVER, British Columbia and Orlando, Fla., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or "the Company") (NASDAQ: VFF) will participate in the Investor Summit Summer 2024 Virtual MicroCap Forum on Tuesday, August 20, 2024. Michael DeGiglio, President and Chief Executive Officer of Village Farms, will deliver a live presentation at 11:30 a.m. ET, which will be available to the public on the Company's web site at https://villagefarms.com/events. For those unable to ...

Village Farms International (NASDAQ:VFF) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Michael DeGiglio - President and Chief Executive Officer Stephen Ruffini - Executive Vice President and Chief Financial Officer Ann Gillin Lefever - Chief Operating Officer Conference Call Participants Aaron Grey - Alliance Global Partners Eric Des Lauriers - Craig-Hallum Capital Group Michael Regan - Excelsior Equities Doug Cooper - Beacon Securities Frederico Gomes - ATB Capital Market ...