Village Farms International, Inc.

Village Farms International announced operational updates for its Delta 2 (D-2) greenhouse expansion in British Columbia. Following a successful first harvest in the first half of the expansion, cultivation has now commenced in the second half. The company is also accelerating planned technology upgrades to the D-2 expansion, now expected in the fourth quarter, in response to increasing demand, without incurring additional capital expenditures. The full D-2 expansion is projected to yield an incremental 40 metric tonnes of flower annually once complete next year, with full production capacity expected in the third quarter of next year.

Village Farms International announced the launch of the Pure Sunfarms Pink Kush Cured Resin 510 Vape, bringing Canada's top-selling strain into the rapidly expanding vape category. This new product leverages the iconic Pink Kush's reputation, which has been the all-time top-selling strain across major Canadian markets for five years. The vape category is the fastest-growing in Canadian cannabis retail, with an 11% year-over-year increase in dollar sales as of May 2026, now accounting for nearly 20% of national cannabis spending.

Village Farms International, Inc. announced the election of Christopher "Kip" Woodward as the new Chairman of its Board of Directors. Mr. Woodward succeeds John McLernon, who served as Chairman for 20 years and will continue as a Board member. The company acknowledged Mr. McLernon's instrumental leadership in transforming Village Farms into a global leader in cannabis and plant-based consumer packaged goods.

Village Farms International, Inc. announced a registered direct offering to sell 7,500,000 common shares at $2.00 per share, aiming to raise approximately $15 million in gross proceeds. The funds are intended for general working capital. The offering is being made under the company's existing shelf registration statement. A.G.P./Alliance Global Partners is acting as the placement agent, and company insiders have agreed to 60-day lock-up periods.

Village Farms International announced a registered direct offering of 7,500,000 common shares, expecting to raise approximately $15 million in gross proceeds. The company intends to use the net proceeds for working capital and general corporate purposes, further enhancing its strong liquidity position which included $55 million in cash at the end of Q1 2026. This investment by renowned institutional firms is seen as a significant endorsement of the company's future and leadership in the cannabis industry.

Village Farms International, Inc. announced it has priced a registered direct offering of 7,500,000 common shares, expected to raise approximately $15 million in gross proceeds. This offering, which follows meetings with new institutional capital partners, is intended to enhance the company's liquidity and strengthen its capital table. The net proceeds will be used for working capital and general corporate purposes. The company ended Q1 2026 with $55 million in cash and expects to grow its cash balance through positive operating cash flow.

Village Farms International, Inc. held its Annual Meeting of Shareholders on June 2, 2026, where all proposals were approved. Shareholders elected the Board of Directors, approved the compensation of named executive officers on an advisory basis with 95.22% of votes, and re-appointed KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 98.23% of votes.

Village Farms International announced that all matters put forward at its annual meeting of shareholders were approved by the requisite majority of votes. This included the election of all nominated directors and the re-appointment of KPMG LLP as the company's auditor. A total of 57,069,476 common shares, representing 49.93% of outstanding shares, were voted at the meeting.

Village Farms International reported a strong start to 2026 with consolidated net sales increasing 27% to $50.2 million and net income reaching $2.9 million. Adjusted EBITDA from continuing operations surged 118% to $9.9 million, driven by record international export sales which grew 171%. The company also completed facility upgrades, expanding its EU-GMP certified cannabis production capacity, and expects further sales growth from Canadian and Netherlands expansions in the second half of the year.

Village Farms International reported a net income of $2.9 million for the first quarter of 2026, a substantial turnaround from a $6.7 million loss in the same period last year. The company's sales increased by 26.6% to $50.2 million, driven primarily by growth in its cannabis segment. Despite the positive income and revenue growth, the company experienced a decrease in cash and cash equivalents and a higher net cash outflow from operating activities compared to the prior year.