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Village Farms Drives Next Wave of Cannabis Convenience With Built-In Matchbook Accessory
Globenewswireยท 2025-10-29 20:30
Core Insights - Village Farms International, Inc. has launched a unique cannabis packaging innovation featuring a built-in matchbook accessory for its pre-roll offerings, enhancing convenience for consumers [1][3] - The convenience category is rapidly growing in the Canadian cannabis market, now representing 55% of total cannabis sales, driven by consumer demand for portable and easy-to-use products [2] Company Overview - Village Farms is a large-scale, vertically-integrated supplier of plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [4] - The company has transitioned from being a leading fresh produce supplier to focusing on high-growth cannabinoid opportunities while maintaining its produce assets [4] Cannabis Operations - In Canada, Village Farms' subsidiary Pure Sunfarms operates one of the largest cannabis facilities globally, with 2.2 million square feet of greenhouse production, and is recognized as a low-cost producer with high-quality products [5] - The company has an additional 2.6 million square feet of greenhouse capacity for future expansion and holds an 80% stake in Rose LifeScience, a leader in cannabis product commercialization [5] International Expansion - Village Farms is targeting international cannabis opportunities with significant growth potential, exporting medical cannabis to markets such as Germany, the UK, Israel, Australia, and New Zealand [6] - The company is also expanding its export business and investing in international production assets, including a license to grow and distribute recreational cannabis in the Netherlands [6] U.S. Market Strategy - Village Farms plans to enter the U.S. THC market by leveraging its Texas-based greenhouse assets, which include 2.2 million square feet of existing capacity and 950 acres of land for future expansion [7] 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 [8]