Village Farms Worldwide Acknowledged for Canadian Hashish Enterprise

Pure Sunfarms Ranked seventeenth of 430 on Globe and Mail’s 2022 Rating of Canada’s Prime…

Village Farms Worldwide Acknowledged for Canadian Hashish Enterprise
  • Pure Sunfarms Ranked seventeenth of 430 on Globe and Mail’s 2022 Rating of Canada’s Prime Rising Corporations and is Prime Rising Hashish Enterprise
  • Village Farms Named Finest Canadian Hashish Firm at 15th Benzinga Hashish Capital Convention; CEO Michael DeGiglio Featured as Keynote

VANCOUVER, BC, Sept. 26, 2022 /PRNewswire/ – Village Farms Worldwide, Inc. (“Village Farms” or the “Firm”) (NASDAQ: VFF) as we speak introduced its wholly owned subsidiary, Pure Sunfarms, ranked because the seventeenth quickest rising firm by the Globe and Mail’s Report on Enterprise, which named Canada’s Prime Rising Corporations throughout all business sectors. Pure Sunfarms three-year income progress charge of two,320 per cent additionally ranked it because the quickest rising Canadian hashish firm.

“Every recognition of the efficiency of our Canadian Hashish enterprise additional highlights the power and success of the Village Farms mannequin and technique within the hashish business,” mentioned Michael DeGiglio, Chief Govt Officer, Village Farms.  “We not solely led the Canadian hashish business in income progress over the previous three years however have additionally been persistently EBITDA constructive all through that interval – now 15 consecutive quarters.  We look ahead to continued progress and success within the Canadian hashish market and executing on our plans to carry to bear the invaluable expertise we’ve got gained in Canada to extra alternatives at house and world wide.”

“Having been based by Village Farms and utilizing their established rising operations, we’ve got been capable of leverage many years of expertise in managed surroundings agriculture with a go-slow-and-grow enterprise technique,” mentioned Mandesh Dosanjh, President and CEO, Pure Sunfarms. “It’s this unequalled cultivation and operational know-how, mixed with the experience and execution of our groups, that has set us aside because the quickest rising Canadian hashish firm in what is usually characterised as a risky and disruptive business.”

Canada’s Prime Rising Corporations is an editorial rating that was launched in 2019. It goals to have fun the boldest entrepreneurial achievement by figuring out and bringing the accomplishments of progressive companies in Canada to the forefront. The entire 2022 rankings together with editorial protection is revealed within the October situation of Report on Enterprise journal and out there on-line right here:  Canada’s Prime Rising Corporations: Meet 430 companies that gives you enlargement envy – The Globe and Mail.

Village Farms Named Finest Canadian Hashish Firm at 2022 Benzinga Hashish Awards/CEO Michael DeGiglio Featured as Keynote at fifteenth Benzinga Hashish Capital Convention

Village Farms was named Finest Canadian Hashish Firm on the first Benzinga Hashish Awards, which had been introduced on the fifteenth Benzinga Hashish Capital Convention on September 13 and 14, 2022 in Chicago. Winners of the Benzinga Hashish Awards, which have fun new, artistic, progressive and excellent individuals, options and firms within the hashish business, had been chosen by a panel of 26 hashish business specialists.

“I’m so proud and honoured to simply accept this award on behalf of your complete Village Farms Canadian hashish workforce,” mentioned Mr. DeGiglio.  “Their unrivalled business experience and tireless dedication to high quality, effectivity and innovation – supported by the 30-plus years of expertise inside the broader Village Farms workforce – has made our Canadian Hashish operations, merchandise and types standouts in a really aggressive panorama.”

Mr. DeGiglio was featured as a Keynote speaker on the fifteenth Benzinga Hashish Capital Convention. The archived recording of his Keynote dialogue on the Convention, together with a separate video interview with Mr. DeGiglio following his Keynote dialogue, can be found right here: Occasions – Village Farms Worldwide.

About Village Farms Worldwide, Inc.

Village Farms leverages many years of expertise as a large-scale, Managed Surroundings Agriculture-based, vertically built-in provider for high-value, high-growth plant-based Shopper Packaged Items alternatives, with a robust basis as a number one recent produce provider to grocery and large-format retailers all through the US and Canada, and new high-growth alternatives within the hashish and CBD classes in North America and chosen markets internationally.

In Canada, the Firm’s wholly owned Canadian subsidiary, Pure Sunfarms, is likely one of the single largest hashish operations on the earth, the lowest-cost greenhouse producer and one of many best-selling manufacturers.

Within the US, wholly owned Balanced Well being Botanicals is likely one of the main CBD manufacturers and e-commerce platforms within the nation.  Topic to compliance with all relevant US federal and state legal guidelines and inventory alternate guidelines, Village Farms plans to enter the US high-THC hashish market through a number of methods, leveraging one of many largest greenhouse operations within the nation (greater than 5.5 million sq. toes in West Texas), in addition to the operational and product experience gained by Pure Sunfarms’ hashish success in Canada.

Internationally, Village Farms is focusing on chosen, nascent, authorized hashish and CBD alternatives with vital medium- and long-term potential, with an preliminary give attention to the Asia-Pacific area and the Netherlands in Europe.

Cautionary Assertion Relating to Ahead-Wanting Data

This Press Launch comprises forward-looking statements inside the that means of the US Personal Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Part 21E of the Securities Change Act of 1934, as amended (the “Change Act”), and is topic to the protected harbor created by these sections. This Press Launch additionally comprises “forward-looking info” inside the that means of relevant Canadian securities legislation. We check with such forward-looking statements and forward-looking info collectively as “forward-looking statements”. Ahead-looking statements might relate to the Firm’s future outlook or monetary place and anticipated occasions or outcomes and will embody statements relating to the monetary place, enterprise technique, budgets, enlargement plans (together with internationally because of our acquisition of Leli Holland), litigation, projected manufacturing, projected prices, capital expenditures, monetary outcomes, taxes, plans and aims of or involving the Firm. Significantly, statements relating to future outcomes, efficiency, achievements, prospects or alternatives for the Firm, the greenhouse vegetable business or the hashish business are forward-looking statements. In some circumstances, forward-looking info may be recognized by such phrases as “outlook”, “might”, “may”, “will”, “may”, “ought to”, “would”, “happen”, “anticipate”, “plan”, “anticipate”, “imagine”, “intend”, “attempt”, “estimate”, “predict”, “potential”, “proceed”, “doubtless”, “schedule”, “aims”, or the destructive or grammatical variation thereof or different comparable expressions regarding issues that aren’t historic info. The forward-looking statements on this Press Launch are topic to dangers that will embody, however aren’t restricted to: our restricted working historical past, together with that of Rose LifeScience Inc. (“Rose”), Balanced Well being Botanicals, LLC (“Balanced Well being”), Pure Sunfarms, Inc.(“Pure Sunfarms”) and our operations of rising hemp in the US; the authorized standing of Pure Sunfarms, Rose and Balanced Well being hashish enterprise; dangers regarding the combination of Balanced Well being and Rose into our hashish enterprise; dangers associated to worldwide enlargement by our funding in Leli Holland; dangers regarding acquiring extra financing, together with our dependence upon credit score amenities; potential difficulties in attaining and/or sustaining profitability; variability of product pricing; dangers inherent within the hashish, hemp, CBD, cannabinoids, and agricultural companies; market place, skill to leverage present enterprise relationships for future enterprise involving hemp and cannabinoids, the flexibility of Pure Sunfarms and Rose to domesticate and distribute hashish in Canada; present and new governmental laws, together with dangers associated to regulatory compliance and licenses (e.g., Pure Sunfarms skill to acquire licenses for its Delta 2 greenhouse facility in addition to extra licenses below the Canadian act respecting hashish to amend to the Managed Medication and Substances Act, the Felony Code and different Acts, S.C. 2018, c. 16 (Canada) for its Delta 3 greenhouse facility), and adjustments in our regulatory necessities; dangers regarding conversion of our greenhouses to hashish manufacturing for Pure Sunfarms; dangers associated to guidelines and laws on the U.S. federal (Meals and Drug Administration and United States Division of Agriculture), state and municipal ranges with respect to provide and hemp; retail consolidation, technological advances and different types of competitors; transportation disruptions; product legal responsibility and different potential litigation; retention of key executives; labor points; uninsured and underinsured losses; vulnerability to rising power prices; environmental, well being and security dangers, overseas alternate publicity, dangers related to cross-border commerce; difficulties in managing our progress; restrictive covenants below our credit score amenities; pure catastrophes; the continued and creating COVID-19 pandemic; and tax dangers.

The Firm has primarily based these forward-looking statements on components and assumptions about future occasions and monetary tendencies that it believes might have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Though the forward-looking statements contained on this Press Launch are primarily based upon assumptions that administration believes are cheap primarily based on info at the moment out there to administration, there may be no assurance that precise outcomes will likely be according to these forward-looking statements. Ahead-looking statements essentially contain identified and unknown dangers and uncertainties, lots of that are past the Firm’s management, that will trigger the Firm’s or the business’s precise outcomes, efficiency, achievements, prospects and alternatives in future intervals to vary materially from these expressed or implied by such forward-looking statements. These dangers and uncertainties embody, amongst different issues, the components contained within the Firm’s filings with securities regulators, together with this Press Launch. Specifically, we warning you that our forward-looking statements are topic to the continued and creating circumstances associated to the COVID-19 pandemic, which can have a cloth adversarial impact on our enterprise, operations and future monetary outcomes.

When counting on forward-looking statements to make choices, the Firm cautions readers to not place undue reliance on these statements, as forward-looking statements contain vital dangers and uncertainties and shouldn’t be learn as ensures of future outcomes, efficiency, achievements, prospects and alternatives. The forward-looking statements made on this Press Launch relate solely to occasions or info as of the date on which the statements are made on this Press Launch. Besides as required by legislation, the Firm undertakes no obligation to replace or revise publicly any forward-looking statements, whether or not because of new info, future occasions or in any other case, after the date on which the statements are made or to replicate the prevalence of unanticipated occasions.

SOURCE Village Farms Worldwide, Inc.

Village Farms Worldwide Acknowledged for Canadian Hashish Enterprise

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