The Speediest Developing Sustainable Firms in Canada

VANCOUVER, BC, June 3, 2022 /PRNewswire/ – Village Farms International, Inc. (“Village Farms” or the “Business”) (NASDAQ: VFF) currently introduced it has been named to Company Knights’ inaugural Potential 50: The Swiftest Escalating Sustainable Organizations in Canada.  The Upcoming 50 is a listing of the speediest growing Canadian businesses whose organization actions align with the changeover to a world-wide thoroughly clean economic climate.

Village Farms was chosen from a pool of 6,115 corporations (1,100 community and 4,015 private) as one of 25 publicly traded companies with the best calendar year-in excess of-calendar year proportion improve in “thoroughly clean profits”.  (The other 25 Foreseeable future 50 choices have been private firms.) 

“As a Corporation that has place the natural environment and sustainable agriculture practices as the coronary heart of all the things we do since it was established more than 30 several years ago, Village Farms is  honored to be bundled in the inaugural Upcoming 50: The Speediest Rising Sustainable Providers in Canada,” stated Michael DeGiglio, Chief Government Officer, Village Farms Intercontinental.  “We are business believers that what’s great for the earth is excellent for our organization, fantastic for our workforce, and superior for our stakeholders. We seem forward to developing on our proud background of management and innovation in sustainable agriculture as one particular of the premier producers of greenhouse grown contemporary create in North America, and as a top rated producer of cannabidiol goods internationally: hashish in Canada and Australia, with designs to enter the Netherlands, and CBD and other cannabinoid merchandise in the United States, as perfectly as chosen Asia-Pacific marketplaces.”

“All businesses are now in the organization of dealing with local weather adjust. Our purpose for devising this listing is our belief in the results of these firms getting pivotal to producing a additional sustainable Canada, as properly as performing as inspiration for other business owners,” explained Toby Heaps, founder and CEO of Corporate Knights.

For more facts about Village Farms’ motivation to the environment and sustainability, be sure to take a look at: Sustainability – Village Farms Worldwide.

For a lot more details on the Future 50: The Swiftest Growing Sustainable Organizations in Canada, together with the range methodology, please stop by: Potential 50 | Company Knights.

About Corporate Knights

Company Knights Inc. is an unbiased media and study B Corp committed to advancing a sustainable financial system that supports the two folks and the planet.

Since 2002, Company Knights has released an award-winning quarterly journal. It is distributed in The Globe and Mail, The Wall Road Journal and The Washington Submit. With a circulation of extra than 126,000, Corporate Knights magazine is the most well known publication dedicated to advancing a sustainable economic climate. 

The Company Knights analysis division creates world wide company and fund rankings. Its flagship ranking is the Worldwide 100 Most Sustainable Businesses in the Earth, unveiled each calendar year through the Globe Financial Forum.

About Village Farms Global, Inc.

Village Farms leverages a long time of practical experience as a significant-scale, Managed Atmosphere Agriculture-based mostly, vertically built-in provider for significant-price, superior-progress plant-dependent Buyer Packaged Products opportunities, with a solid foundation as a foremost fresh deliver supplier to grocery and substantial-structure merchants throughout the US and Canada, and new large-development possibilities in the hashish and CBD categories in North The usa and picked marketplaces internationally.

In Canada, the Firm’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single biggest cannabis operations in the planet, the cheapest-price greenhouse producer and one particular of Canada’s best-selling models. The Corporation also owns 70% of Québec-based, Rose LifeScience, a foremost third-occasion hashish merchandise commercialization specialist in the Province of Québec.

In the US, wholly-owned Well balanced Wellness Botanicals is a single of the top CBD brand names and e-commerce platforms in the place.  Subject to compliance with all relevant US federal and point out guidelines and stock trade procedures, Village Farms options to enter the US large-THC cannabis industry via a number of methods, leveraging one particular of the greatest greenhouse operations in the nation (far more than 5.5 million square ft in West Texas), as perfectly as the operational and merchandise expertise gained through Pure Sunfarms’ cannabis accomplishment in Canada.

Internationally, Village Farms is concentrating on selected, nascent, authorized hashish and CBD possibilities with sizeable medium- and prolonged-time period prospective, with an initial concentrate on the Asia-Pacific region and Europe.

Cautionary Statement About Forward-Looking Facts

This push launch has forward-seeking statements within just the that means of the United States Non-public Securities Litigation Reform Act of 1995, Part 27A of the U.S. Securities Act of 1933, as amended, (the “Securities Act”) and Portion 21E of the Securities Exchange Act of 1934, as amended (the “Trade Act”), and is subject matter to the safe harbor established by these sections. This press release also is made up of “forward-searching info” within just the meaning of applicable Canadian securities guidelines. We refer to these ahead-seeking statements and forward-searching information collectively as “forward-seeking statements”. Forward-searching statements may possibly relate to the Firm’s upcoming outlook or economical situation and anticipated functions or outcomes and could involve statements relating to the fiscal placement, enterprise system, budgets, enlargement options, litigation, projected creation, projected fees, cash expenses, fiscal final results, taxes, designs and targets of or involving the Corporation. Especially, statements about long run final results, effectiveness, achievements, prospective buyers or chances for the Business, the greenhouse vegetable or make field or the hashish market are ahead-seeking statements. In some cases, ahead-wanting information and facts can be determined by these kinds of conditions as “can”, “outlook”, “may perhaps”, “could”, “will”, “could”, “really should”, “would”, “occur”, “anticipate”, “plan”, “anticipate”, “consider”, “intend”, “test”, “estimate”, “predict”, “possible”, “proceed”, “very likely”, “timetable”, “aims”, or the damaging or grammatical variation thereof or other identical expressions regarding matters that are not historic points. The forward-seeking statements in this push launch are issue to challenges that might contain, but are not constrained to: our confined working historical past in the cannabis and cannabinoids field, together with that of Pure Sunfarms, Inc. (“Pure Sunfarms”), Rose LifeScience Inc. (“Rose” or “Rose LifeScience”), Balanced Health and fitness Botanicals, LLC (“Well balanced Wellbeing”) and our operations of rising hemp in the United States the legal status of the cannabis business of Pure Sunfarms and Rose and the hemp company of Balanced Well being hazards relating to the integration of Balanced Well being and Rose into our consolidated enterprise challenges relating to acquiring supplemental financing, including our dependence on credit services opportunity complications in reaching and/or keeping profitability variability of product pricing pitfalls inherent in the hashish, hemp, CBD, cannabinoids, and agricultural corporations current market placement ability to leverage existing organization interactions for long run enterprise involving hemp and cannabinoids the capability of Pure Sunfarms and Rose to cultivate and distribute cannabis in Canada current and new governmental laws, which include threats connected to regulatory compliance and with regards to acquiring and retaining licenses lawful and operational hazards relating to envisioned conversion of our greenhouses to cannabis output in Canada and in the United States risks associated to policies and rules at the US federal (Food items and Drug Administration and United States Section of Agriculture), condition and municipal principles and regulations with regard to deliver and hemp, cannabidiol-based mostly items commercialization retail consolidation, technological advancements and other sorts of competition transportation disruptions item legal responsibility and other likely litigation retention of vital executives labor issues uninsured and underinsured losses vulnerability to climbing electrical power charges inflationary consequences on expenditures of cultivation and transportation recessionary results on desire of our products environmental, overall health and basic safety pitfalls, international trade publicity, hazards involved with cross-border trade challenges in taking care of our development restrictive covenants underneath our credit rating amenities purely natural catastrophes the ongoing and establishing COVID-19 pandemic and tax risks.

The Corporation has dependent these ahead-seeking statements on elements and assumptions about upcoming occasions and monetary trends that it believes may have an affect on its economic affliction, outcomes of operations, business enterprise system and financial requires. Despite the fact that the forward-hunting statements contained in this push launch are dependent on assumptions that management thinks are realistic based on data presently offered to management, there can be no assurance that real benefits will be dependable with these ahead-hunting statements. Ahead-on the lookout statements automatically entail regarded and unfamiliar threats and uncertainties, lots of of which are beyond the Firm’s control, which could trigger the Company’s or the industry’s genuine benefits, functionality, achievements, prospects and alternatives in future durations to differ materially from those expressed or implied by these kinds of ahead-wanting statements. These threats and uncertainties consist of, among the other factors, the things contained in the Firm’s filings with securities regulators, together with this push release. In distinct, we caution you that our forward-hunting statements are subject to the ongoing and developing situation associated to the COVID-19 pandemic, which could have a material adverse impact on our small business, operations and future economical effects.

When relying on ahead-looking statements to make selections, the Company cautions readers not to position undue reliance on these statements, as ahead-looking statements require considerable risks and uncertainties and really should not be browse as assures of upcoming results, effectiveness, achievements, potential customers and opportunities. The ahead-wanting statements created in this press release relate only to events or information and facts as of the day on which the statements are made in this push launch. Besides as expected by law, the Firm undertakes no obligation to update or revise publicly any forward-seeking statements, whether as a end result of new info, upcoming situations or otherwise, following the day on which the statements are created or to replicate the event of unanticipated situations.

Source Village Farms Worldwide, Inc.

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