VANCOUVER, BC, June 11, 2021 / PRNewswire / – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) announced today that Michael DeGiglio, Chief Executive Officer will participate in a virtual “fireplace chat” at the Cantor Fitzgerald Canadian LPs Cannabis Forum Monday 14 June 2021, at the 11:00 p.m. ET.
A live webcast of the presentation will be available to the public on the Village Farms website (www.villagefarms.com) in the Investors section or directly here: https://bit.ly/3cxPpbC. The webcast presentation is archived and will be available on the company’s website for 90 days.
About Village Farms International, Inc.
Village Farms is one of the largest and longest-running greenhouse growers in North America. The company leverages decades of large-scale, low-cost, intensive farming experience as a vertically integrated supplier of products to pursue high-quality, high-growth crop-based consumer products in North America and select markets internationally.
The company’s wholly-owned Canadian subsidiary, Pure Sunfarms, based in British Columbia, is currently one of the largest cannabis operations in the world, one of the lowest cost greenhouse producers, and one of the best-selling brands in Canada.
In the United States, subject to compliance with all applicable federal and state laws, Village Farms is pursuing a strategy of becoming a leading developer and supplier of CBD branded and white label products to major retailers and consumer goods companies. Village Farms has one of the largest greenhouse operations in the country and is strategically positioned to leverage its farming experience and Pure Sunfarms operating and product expertise to pursue potential high THC cannabis opportunities when permitted by law.
On an international level, Village Farms is evaluating and targeting select, emerging, legal cannabis and CBD opportunities with significant long-term potential, with an initial focus on the Asia-Pacific region through its investment in Altum International, based in Australia.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation 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 haven created by these 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 collectively as “forward-looking statements”. Forward-looking statements may relate to the Company’s future prospects or financial condition and anticipated events or results and may include statements about the Company’s financial condition, business strategy, budgets, expansion plans, litigation, expected production, expected costs, capital expenditure, financial results, taxes, plans and goals of the Company or their participation. In particular, statements about future results, performance, successes, prospects or opportunities for the company, the greenhouse vegetable industry or the cannabis industry are forward-looking statements. In some instances, forward-looking information may be identified by terms such as “outlook,” “may,” “could,” “will,” “could,” “should,” “would,” “occur,” “expect”. , “plan”, “anticipate”, “believe”, “intend”, “try”, “estimate”, “predict”, “potentially”, “continue”, “likely”, “plan”, “goals” or the negative or grammatical variation thereof or other similar expressions relating to matters that are not historical facts.
The forward-looking statements in this press release are subject to risks which may include, but are not limited to, our ability to continue our greenhouse cultivation at current levels, costs, and our ability to continue to be a vertically integrated product supplier and legal, financial and regulatory risks associated with pursuing high value , high-growth, plant-based consumer goods in the cannabis and CBD sectors in North America and selected international markets, our ability to maintain low costs and our position as a market leader in Canada. Our strategy of taking a leading position as a developer and supplier of branded and white label CBD products to major retailers and consumer goods companies, and the pursuit of potential high THC cannabis opportunities, are subject to risks related to the legal status of the cannabis company ; Risks associated with obtaining additional funding, including our dependence on credit facilities; potential difficulties in achieving and / or maintaining profitability; Variability in product prices; Risks in the cannabis, hemp and agribusiness business, existing and new government regulations, regulatory compliance and licensing, and changes to our regulatory requirements; Risks related to federal, state, and local rules and regulations relating to products and hemp; Retail consolidation, technological advancement and other forms of competition; Transport disruptions; Product liability and other potential litigation; Retention of key executives; Labor issues; uninsured and underinsured damage; Susceptibility to rising energy costs; Environmental, health and safety risks, currency risks, risks related to cross-border trade; Difficulty managing our growth; restrictive covenants under our credit facilities; Natural disasters; the ongoing and evolving COVID-19 pandemic; 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 condition, results of operations, business strategy and needs. Although the forward-looking statements contained in this press release are based on assumptions that management believes are reasonable based on the information currently available, there can be no guarantee that actual results will correspond to these forward-looking statements. Forward-looking statements necessarily involve known and unknown risks and uncertainties, many of which are beyond the control of the company and which could cause actual results, performance, achievements, prospects and opportunities for the company or the industry in future periods to differ materially from those herein mentioned or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the factors contained in the company’s filings with securities regulators, including this press release. In particular, we caution you that our forward-looking statements are subject to current and developing circumstances related to the COVID-19 pandemic, which could have a material adverse effect on our business, operations and future financial results.
In relying on forward-looking statements to make decisions, the company cautions readers not to place undue reliance on such statements because forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future results, performance, accomplishments and prospects Possibilities. The forward-looking statements made in this press release address only events or information as of the date on which the statements in this press release are made. Unless required by law, the company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason, after the date on which the statements are made or the occurrence of unexpected events.
SOURCE Village Farms International, Inc.