iHub News
1 month ago
Village Farms Shares Slide After $15 Million Equity Financing Announcement (VFF)June 5, 2026 9:30 AM
IH Market News Village Farms International Inc. (NASDAQ:VFF) shares dropped 8.9% in premarket trading on Friday after the company unveiled plans to raise approximately $15 million through a share sale to institutional investors. The financing will be completed through a registered direct offering involving the issuance of 7.5 million common shares under securities purchase agreements signed with participating investors. Offering Expected to Close Next Week The transaction is scheduled to close on or around June 8, subject to the satisfaction of customary closing requirements. Following completion of the deal, Village Farms expects its total number of issued and outstanding common shares to reach 121,811,130, increasing the company’s share count and diluting existing shareholders’ ownership stakes. Company Maintains Strong Cash Position Village Farms noted that it ended the first quarter of 2026 with approximately $55 million in cash. Management also said it expects to continue building its cash reserves through positive operating cash flow during the remainder of the year, suggesting that the fundraising is not being driven by immediate liquidity concerns. Investor Interest Prompted the Transaction According to the company, the financing opportunity emerged after discussions between management and two institutional investment partners. Those meetings generated interest in a direct investment that had not previously been under consideration. A.G.P./Alliance Global Partners is serving as the sole placement agent for the offering. Proceeds Earmarked for Corporate Purposes Village Farms plans to allocate the net proceeds from the transaction toward working capital needs and broader corporate initiatives. The company estimates gross proceeds of approximately $15 million before deducting placement agent commissions and other related expenses. CEO Says Capital Raise Strengthens Financial Flexibility President and Chief Executive Officer Michael DeGiglio emphasized that the company was not seeking funding out of necessity but viewed the transaction as an opportunity to further reinforce its financial position. DeGiglio stated that Village Farms’ balance sheet does not require additional capital but that management chose to proceed with the offering to enhance the strength and quality of the company’s shareholder base. While the announcement weighed on the stock due to dilution concerns, the company maintains that the transaction provides additional flexibility to support future growth initiatives and corporate objectives. Village Farms International stock price Original: Village Farms Shares Slide After $15 Million Equity Financing Announcement (VFF)
Pisd
1 month ago
Village Farms Announces $15 Million Registered Direct Equity Investment from Leading U.S. Institutional Investors
June 05 2026 - 8:00AM
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Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced it has entered into securities purchase agreements for the purchase and sale of 7,500,000 common shares of the Company in a registered direct offering (the “Offering”). The Offering follows a series of meetings conducted with Village Farms management and two highly selective new institutional capital partners which created considerable interest in a direct investment that was not previously being contemplated.
Michael DeGiglio, President and Chief Executive Officer of Village Farms commented, “We believe that today’s announcement reflects an extraordinary statement of confidence in our future by well renowned U.S. institutional investors who clearly recognized our expanding leadership position and competitive advantages across Europe and North America. While our balance sheet does not require a capital infusion, we took this opportunity as we believe it will enhance the strength of our cap table and welcome institutional capital partners of very high caliber who will support our future growth. We’re proud to see increasing institutional interest ahead of expected further regulatory progress, and believe this represents a tremendous endorsement of Village Farms.”
The Offering is expected to result in gross proceeds of approximately $15 million before deducting placement agent fees and other Offering expenses, enhancing the Company’s strong liquidity position after closing the first quarter of 2026 with $55 million in cash. Net proceeds from the Offering are intended to be used for working capital and general corporate purposes, and the Company continues to expect that it will grow its cash balance through positive operating cash flow during the remainder of 2026. Upon closing of the Offering, the Company expects to have a total of 121,811,130 issued and outstanding common shares. Closing of the Offering is expected to occur on or about June 8, 2026, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as sole placement agent in connection with the Offering.
The securities described above are being offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-280572) which became effective on July 8, 2024. The Offering is being made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the Securities and Exchange Commission (the “SEC”) and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Village Farms International, Inc.
Village Farms is a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. With a legacy built on decades of Controlled Environment Agriculture expertise and Dutch farming practices, today the Company is one of the world’s largest and most profitable cannabis operators with an asset portfolio that spans over 7 million square feet of advanced greenhouse and indoor cultivation assets.
In Canada, Village Farms operates the world’s largest EU-GMP certified cannabis facility at its production campus in Delta, British Columbia, and exports products to international medical markets. The Company is also a market share leader in dried flower formats and produces and distributes some of the country’s highest quality and best-selling strains, including its flagship Pure Sunfarms Pink Kush, one of the most widely consumed strains on the planet. Village Farms’ Canadian brand portfolio includes Pure Sunfarms, Fraser Valley Weed Co., Soar, Super Toast, Pure Laine, Tam Tams and Promenade.
In the Netherlands, the Company is one of only ten licensed operators in the country’s regulated cannabis program, and in the United States its CBDistillery brand is one of the country’s premier cannabinoid wellness platforms, and it also holds equity interests in cannabis businesses in Australia and Germany. Beyond cannabis, the Company’s Clean Energy division transforms landfill gas into renewable natural gas, and it also holds an equity interest in Verdexa Holdings (formerly Vanguard Food LP), a private venture pursuing strategic acquisitions to build a premier branded food platform in North America.
iHub News
4 months ago
Village Farms shares tumble nearly 12% after fourth-quarter earnings missMarch 12, 2026 10:39 AM
IH Market News
Village Farms International, Inc. (NASDAQ:VFF) reported fourth-quarter results on Thursday that fell short of analyst expectations.Following the release, the company’s shares dropped 11.97% in premarket trading.The cannabis and produce company reported adjusted earnings per share of $0.01 for the quarter, below the analyst consensus estimate of $0.02. Revenue totaled $49.6 million, well under the $60.88 million expected by analysts, though it represented a 9% increase from $45.4 million in the same quarter a year earlier.Net income from continuing operations came in at $2.3 million, or $0.02 per share, compared with a net loss of $7.5 million, or -$0.04 per share, in the fourth quarter of 2024. The prior-year results included a $10.5 million non-cash impairment charge. Adjusted EBITDA from continuing operations reached $8.6 million, or 17.3% of sales, compared with negative $2.9 million a year earlier.Canadian cannabis revenue rose 10% year-over-year to $37.8 million, while international cannabis export sales surged 384%. The Canadian cannabis segment recorded a gross margin of 43%, up sharply from 2% in the same period last year, supported by improved operating efficiency and a more profitable product mix.“Our fourth quarter results again delivered strong profitability, gross margin and cash flow from operations which contributed to record levels of performance for each of these metrics in 2025,” said President and CEO Michael DeGiglio.The company reported consolidated cash flow from continuing operations of $11.4 million for the quarter, compared with $10.9 million a year earlier. For the full year, consolidated cash flow from continuing operations increased to $58.1 million from $13.7 million.Village Farms ended 2025 with $86 million in cash and said it has repurchased $6.7 million of its shares since the third quarter. The company also began cultivation at its Delta 2 expansion facility in Canada, which is expected to add about 15 tonnes of production capacity in 2026.Village Farms International stock price
Original: Village Farms shares tumble nearly 12% after fourth-quarter earnings miss
DarthYoda
5 months ago
Here's an interview with VFF, CWBHF, and CVSI...
Huge thank you to our outstanding speakers for the insightful #CBD Regulatory & Macro Outlook panel today!
Jared Stanley, Co-founder & Board Member, @charlottesweb
Joseph Dowling, CEO, @CV_Sciences
John Harloe, General Counsel, @villagefarms (@theCBDistillery)
Your… pic.twitter.com/rzluB6J7PA— Pablo Zuanic (@420Odysseus) February 11, 2026
Pisd
6 months ago
Village Farms International Advances New Product Innovation in the Dutch Market
January 12 2026 - 7:00AM
Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF), today announced the launch of 10 new product offerings in the Netherlands through its wholly-owned subsidiary Leli Holland (“Leli”). The Company’s product portfolio expansion draws on the Company’s deep operational expertise and consumer insights from regulated cannabis markets globally, and reflects an intentional focus on format innovation, consumption occasions, and competitive differentiation while aligning with the unique demands of legacy market consumer preferences in the Netherlands.
Valentine Vaillant, Head of Global Growth Strategy at Village Farms commented, “The Dutch market has a celebrated history of consumption and culture synonymous with cannabis, and we’re proud to now offer some of the most dynamic and consumer-driven categories in the regulated program. By applying our learnings in other markets and building on our local expertise, our Dutch team has been able to introduce innovative formats that respond directly to existing consumer behaviors, while also introducing new options that enhance convenience, quality, and choice.”
A Purpose-Driven Product Portfolio Built for Convenience
Village Farms announces the development and launch of the following new product offerings in the Netherlands:
Leli’s Blunt – A distinctive 1.4g pure cannabis blunt, rolled in blunt paper. This product represents the only blunt currently available within the regulated Dutch market.
Apollo 13 Infused Spliffs – A 1.4g infused mixed pre-roll containing tobacco and cannabis, beautifully finished with a homemade kief-rolled cone enhancing potency and flavor.
Cosmic Hash Spliffs – A 1.3g hash-forward offering made with tobacco and hash, developed to meet strong, established consumer demand for hash-based pre-rolls in the Netherlands.
Strain-Specific Single Spliffs – A 1.2g traditional mixed format containing tobacco and cannabis, offered in four distinct SKUs featuring different cannabis genetics to deliver strain-specific experiences.
Dogwalker Pre-Rolls – A convenient, on-the-go format comprised of three 0.5g pure cannabis flower pre-rolls. Popularized in North America, this format provides flexibility and portion control for consumers seeking a tobacco-free option.
Grutte Pier Reserve Spliffs – A large 1.4g mixed pre-roll made with tobacco and cannabis, designed for extended sessions and sharing occasions.
Leli’s Blend Spliffs – A 1.4g balanced mixed format featuring tobacco and cannabis, tailored to traditional Dutch consumption preferences.
Village Farms’ expanding product portfolio in the Netherlands underscores the Company’s ability to innovate within tightly regulated environments while remaining highly responsive to consumer needs. By offering a wide range of formats—from traditional spliff pre-rolls to infused, hash, and pure cannabis options—Village Farms is actively shaping category development within the Dutch cannabis market.
Valentine Vaillant concluded, “As the Dutch market continues to evolve, we believe thoughtful product innovation will be critical to demonstrating how a regulated supply chain can better serve consumers and help eliminate illicit market activity. Our product portfolio is a clear example of how global expertise can be successfully localized for the Dutch market.”
About Village Farms International, Inc.
Village Farms leverages decades of experience in Controlled Environment Agriculture as a large-scale, vertically-integrated supplier of high-value, high-growth plant-based Consumer Packaged Goods. The Company built a strong foundation as the leading and longest-tenured fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and now focuses its agricultural expertise on high-growth cannabinoid opportunities while maintaining strategic optionality through remaining produce assets.
In Canada, the Company's wholly owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world (2.2 million square feet of greenhouse production), a low-cost producer and one of Canada’s highest quality and best-selling brands. The Company owns an incremental 2.6 million square feet of greenhouse capacity in Canada for future expansion, and also owns 80% of Québec-based, Rose LifeScience, a leader in the commercialization of cannabis products.
Internationally, Village Farms is targeting selected, nascent, legal cannabis opportunities with significant growth potential. The Company exports medical cannabis from its EU GMP certified facility in Canada to international markets including Germany, the United Kingdom, Israel, Australia, and New Zealand. The Company is expanding its export business to new countries and customers, and making select investments in international production assets. In Europe, wholly-owned Leli Holland has one of 10 licenses to grow and distribute recreational cannabis within the Dutch Coffee Shop Experiment.
In the US, wholly-owned Balanced Health Botanicals is one of the leading CBD and hemp-derived brands and e-commerce platforms in the country. Subject to compliance with all applicable US federal and state laws and stock exchange rules, Village Farms plans to enter the US THC market via multiple strategies, leveraging its Texas-based greenhouse assets (2.2 million square feet of existing greenhouse capacity and 950 acres of owned, unoccupied land for future expansion).
Village Farms Clean Energy (VFCE), through a partnership with Atlanta-based Terreva Renewables, creates renewable natural gas from landfill gas at its Delta RNG facility. VFCE receives royalties on all revenue generated.
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