Village Farms International Creates Global Strategy Officer Role and Appoints Brian Stevenson

Core Insights - Village Farms International, Inc. has appointed Brian Stevenson as the Global Chief Strategy Officer to lead the company's strategic agenda focused on long-term growth and global market assessment [1][4] - The appointment reflects the company's commitment to disciplined global expansion and long-term value creation in regulated markets, particularly in cannabis [4] Company Overview - Village Farms is a large-scale, vertically-integrated supplier of high-value, plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [5] - The company has a strong foundation as a leading fresh produce supplier in the US and Canada, now focusing on high-growth cannabinoid opportunities while maintaining its produce assets [5] Cannabis Operations - In Canada, Village Farms operates Pure Sunfarms, one of the largest cannabis operations globally, with 2.2 million square feet of greenhouse production and plans for future expansion with an additional 2.6 million square feet [6] - The company owns 80% of Rose LifeScience, a leader in cannabis product commercialization in Quebec [6] International Expansion - Village Farms is targeting legal cannabis opportunities internationally, exporting medical cannabis from its EU GMP certified facility in Canada to markets such as Germany, the UK, Israel, Australia, and New Zealand [7] - The company is expanding its export business and making investments in international production assets, including a license to grow and distribute recreational cannabis in the Netherlands [7] US Market Strategy - In the US, Village Farms' subsidiary Balanced Health Botanicals is a leading CBD and hemp-derived brand, with plans to enter the US THC market leveraging its Texas-based greenhouse assets [8][9] - The company has 2.2 million square feet of existing greenhouse capacity and 950 acres of owned land for future expansion in the US [9] Renewable Energy Initiatives - Village Farms Clean Energy, in partnership with Terreva Renewables, generates renewable natural gas from landfill gas, receiving royalties on all generated revenue [9]