VANCUVER, BC, September 15, 2020 / PRNewswire / -Village Farms International, Inc. (“Village Villages” or “Company”) (NASDAQ: VFF) (TSX: VFF) today announced that it is ranked as the 13th highest performing company in Toronto Stock this year. Exchange (TSX) TSX30, a major program that recognizes 30 high-performing TSX shares over a three-year period based on the adjusted stock price estimate for dividend. This is the second year in a row that the Village Villages are ranked among the TSX30. The company was ranked third last year.
“We are proud to once again be recognized for the significant shareholder value we have created over the past few years as we build on our foundation as one of the leading vertically integrated product suppliers in North America and continually advance in transition. in a diversified, plant-based packaged goods business, expanding into high values, high growth opportunities in legal cannabis and CBD emerging markets Canada, United States and internationally targeted strategic markets, “he said Michael DeGiglio, CEO, Village Farms. “Important to our shareholders, we are just at the beginning of this transformation of our business and we hope to continue to execute our strategy to take advantage of these important new opportunities to continue to drive value for our shareholders for both long-term “.
“I share this acquaintance with all the Village Farms and Pure Sunfarms teams and express my deep appreciation for their tireless efforts as we build on our proven track record of future success.”
TSX30 is a core program that recognizes 30 highest performing TSX shares over a three-year period based on dividend adjusted stock price valuation. The 2020 membership list includes both new and listed companies located in a wide range of sectors. Full ranking, methodology and articles and video content are available atwww.tsx.com/tsx30.
About Village Farms International, Inc.
Village Farms is one of the largest and longest growing greenhouses in North America, and is utilizing its decades of experience as a large-scale, low-cost agriculture and a supplier of vertically integrated products to pursue the possibilities of high-value, high-growth Consumer Packaged Goods , in plants, in cannabis and CBD in North America and internationally selected markets.
in Canada, British-ColumbiaPure-based Sunfarms is one of the largest cannabis operations in the world, the lowest greenhouse producer, one of the best-selling brands, and has generated profit for six consecutive quarters.
In the US, subject to compliance with all applicable US federal and state laws, Village Farms is pursuing a strategy to become a leading developer and supplier of CBD products labeled with white labels that target the “big box” and other major retailers and packaged consumer goods companies, and with one of the largest greenhouse operations in the country, it is well positioned for possible federal legalization of high THC cannabis.
Internationally, Rural Villages is strategically targeting selected, nascent, legal, and CBD options with considerable long-term potential, with an initial focus on Asia-Pacific region through its investments in AustraliaHigh-based international.
Warning Statement regarding Information Looking Ahead
This press release contains forward-looking statements within the meaning of the United States Securities Judicial Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”). “) and Section 21E of the Securities Exchange Act of 1934, as amended (the” Exchange Act “), and is subject to the safe harbor created by those sections. This press release also contains “forward-looking information” within the meaning of applicable Canadian securities law. We refer to such forward-looking statements and forward-looking information as “future statements”. Future statements may relate to the Company’s future prospects or financial position and projected events or outcomes and may include statements regarding financial position, business strategy, budgets, expansion plans, litigation, projected output, costs. projected, capital expenditures, financial results, taxes, plans and objectives of the company or its inclusion. In particular, statements about future results, performance, achievements, prospects or opportunities for the Company, the greenhouse industry or the cannabis industry are future statements. In some cases, future information may be identified by terms such as “opinion”, “may”, “may”, “will”, “may”, “should”, “will”, “happen”, “expect” “,” plan “,” predict “,” believe “,” aim “,” try “,” evaluate “,” predict “,” potential “,” continue “,” likely “,” schedule “,” objectives “, or its negative or grammatical change or other similar expressions in relation to matters which are not historical facts. Future statements in this press release are subject to risks that may include, but are not limited to: the closure of the Clean Sun Transaction; our limited operating history, including that of our joint venture Pure Sunfarms Corp. in cannabis production in Canada (“Our Joint Venture”) and our initial hemp growing operations in United States; the legal status of our joint venture; risks associated with obtaining additional financing, including our reliance on credit facilities; potential difficulties in achieving and / or maintaining the benefit; product price variability; inherent risks in cannabis, hemp and agriculture businesses; the ability of our joint venture to cultivate and distribute cannabis in Canada; existing and new government regulations, including risks associated with regulatory compliance and licenses (e.g., our Joint Venture to obtain licenses for its Delta 2 greenhouse facility as well as additional licenses under the Canadian Respect Act Cannabis to Amend the Drugs and Controlled Substances Act, Criminal Code and Other Acts, SC 2018, p.16 (Canada) for its Delta greenhouse facility 3), and changes to our regulatory requirements; the risks associated with converting our greenhouses to cannabis production for our joint venture; risks associated with rules and regulations at the US federal levels (Food and Drug Administration and the United States Department of Agriculture), state and municipal levels regarding production and hemp; consolidation of retail, technological advances and other forms of competition; transport disruptions; product liability and other possible litigation; retaining key executives; labor issues; unsecured and unsecured losses; vulnerability to rising energy costs; environmental, health and safety risks, exposure to foreign currency, risks related to cross-border trade; difficulties in managing our growth; restrictive covenants under our credit facilities; natural disasters; the ongoing and evolving pandemic of COVID-19; and tax risks.
The Company has based these forward-looking statements on factors and assumptions about future events and financial trends that it believes may affect its financial position, results of operations, business strategy and financial needs. Although the future statements contained in this press release are based on assumptions that management believes are reasonable based on information currently available to management, there can be no assurance that the actual results will be consistent with these future statements. Forward statements necessarily involve known and unknown risks and uncertainties, many of which are beyond the Company’s control, which may cause the current results of the Company or industry, performance, achievements, prospects and opportunities in future periods to change. materially from those expressed or implied by such far-sighted statements. These risks and uncertainties include, but are not limited to, the factors contained in the Company registers with securities regulators, including our most recent Annual Report on Form 10-K, Our Subsequent Quarterly Reports on Form 10-Q, and Current Reports in Form 8-K, each of which is available at www.sec.gov, as well as our SEDAR registrations, available at www.sedar.com. In particular, we warn you that our future statements are subject to ongoing and evolving circumstances related to the COVID-19 pandemic, which may have an adverse material effect on our business, operations and future financial results.
When relying on future statements to make decisions, the Company warns readers not to rely too heavily on these statements, as future statements involve significant risks and uncertainties and should not be read as a guarantee of future results, performance, achievement, prospects and opportunities. Future statements made in this press release relate only to events or information from the date on which the statements are made in this press release. Except as required by law, the Company assumes no obligation to update or publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of events. unforeseen.
BURIMI Village Farms International, Inc.
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