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Company invites individual and institutional investors as well as advisors to log-on to VirtualInvestorConferences.com to view presentation
DELTA, British Columbia, Oct. 23, 2018 /PRNewswire/ — Village Farms International, Inc. (OTCQX: VFFIF; TSX:VFF), one of the largest and longest-operating vertically integrated greenhouse growers in North America and which has expanded into cannabis production in Canada through a joint venture in Delta, British Columbia that is on track to become one of the single largest cannabis growing facilities in the world, today announced that the October 2018 presentation from Michael DeGiglio, CEO, is now available for on-demand viewing at VirtualInvestorConferences.
Village Farms International, Inc.’s presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the “virtual trade booth” for the next three weeks.
Village Farms’ Joint Venture on Track to Be One of the Largest Single Cannabis Growing Operations in the World
Village Farms is leveraging its 30 years of experience as a vertically integrated greenhouse grower for the rapidly emerging global cannabis opportunity through 50% ownership of British Columbia-based joint venture Pure Sunfarms, Corp., which is rapidly expanding cannabis production and on track to be one of the single largest cannabis growing operations in the world. Expansion into cannabis production is expected to significantly transform the earnings power of Village Farms.
Pure Sunfarms has completed conversion of and is growing cannabis in the first half of its 1.1 million square foot state-of-the-art Delta 3 greenhouse in Delta, British Columbia for supply to the legal adult-use market in Canada. Conversion of the remaining 550,000 square feet of the 1.1 million square foot facility continues to progress on plan and remains on schedule for completion before the end of this year. In addition, Pure Sunfarms has the potential to expand production in Canada to 4.8 million square feet through options on two additional greenhouses currently owned by Village Farms that are immediately adjacent to the Delta 3 facility.
Independent of the Pure Sunfarms joint venture, Village Farms owns and operates 5.7 million square feet of greenhouse facilities (including one of the most technologically advanced greenhouses in the world) in West Texas, one of the best growing environments in North America, with unmatched operational capabilities in large-scale, low-cost growing, uniquely positioning it for potential future opportunities in industrial hemp and/or cannabis, should those products be legalized under the relevant jurisdictions.