Village Farms International Inc.
Village Farms leverages decades of experience as a large-scale, Controlled Environment Agriculture-based, vertically integrated supplier for high-value, high-growth plant-based Consumer Packaged Goods opportunities, with a strong foundation as a leading fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and new high-growth opportunities in the cannabis and CBD categories in North America and selected markets internationally.
Nasdaq: VFF
IR Website: https://villagefarms.com/investors/
Headquarters: Delta, Canada
Content provided by Village Farms International on 3/7/22.
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Summary
Village Farms leverages decades of experience as a large-scale, Controlled Environment Agriculture-based, vertically integrated supplier for high-value, high-growth plant-based Consumer Packaged Goods opportunities, with a strong foundation as a leading fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and new high-growth opportunities in the cannabis and CBD categories in North America and selected markets internationally.
In Canada, the Company's wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer and one of Canada's best-selling brands. The Company also owns 70% of Québec-based, Rose LifeScience, a leading third-party cannabis products commercialization expert in the Province of Québec,
In the US, wholly-owned Balanced Health Botanicals is one of the leading CBD brands and e-commerce platforms in the country. Subject to compliance with all applicable US federal and state laws and stock exchange rules, Village Farms plans to enter the US high-THC cannabis market via multiple strategies, leveraging one of the largest greenhouse operations in the country (more than 5.5 million square feet in West Texas), as well as the operational and product expertise gained through Pure Sunfarms' cannabis success in Canada.
Internationally, Village Farms is targeting selected, nascent, legal cannabis and CBD opportunities with significant medium- and long-term potential, with an initial focus on the Asia-Pacific region and Europe.
Recent News
Village Farms International Reports Fourth Quarter and Year End 2021 Financial Results: Fourth Quarter Consolidated EPS of $0.03 Per Share, Net Income of $2.1 Million and Consolidated Adjusted EBITDA(1) of $5.3 Million
Mar 1, 2022
Village Farms International to Host Fourth Quarter and Year End 2021 Financial Results Conference Call on Tuesday, March 1, 2022 at 8:30 a.m. ET
Feb 17, 2022
Village Farms International Appoints Business Leader and Capital Markets Veteran Ann Gillin Lefever as Executive Vice President of Corporate Affairs
Feb 7, 2022
Village Farms International's Michael DeGiglio and Pure Sunfarms' Mandesh Dosanjh to Host Reddit AMA on Thursday, January 13 at 6 p.m. ET
Jan 11, 2022
Village Farms International to Voluntarily Delist from Toronto Stock Exchange; Shares to Remain Listed on Nasdaq
Dec 14, 2021
Management Overview
Michael A. DeGiglio
Chief Executive Officer & President
A former U.S. Navy aviator, Mike is a pioneer of the North American Controlled Environment Agriculture (CEA) industry. He founded greenhouse technology company, Agro Dynamics, acquired by Nasdaq-listed EcoScience, becoming CEO. In 1989, he founded Village Farms, serving as CEO since inception, and building it into one of North Americas largest greenhouse produce growers.
Today, Mike remains a significant shareholder of Village Farms and is chief visionary for the Company. He has led its evolution to a plant-based consumer products company, focused on new, large market, high-growth cannabinoid opportunities around the world. He envisioned, and has directed, the execution of an aggressive growth strategy that has resulting in the creation of Canada’s premiere cannabis supplier and brand, acquisition of one of the U.S.’s top cannabinoid platforms, and international investments, while continuing to optimize the U.S. operations for cannabis optionality.
Mike has long believed in sustainable agriculture practices and early on recognized the importance of CEA in this regard, driving Village Farms to be a pioneer and innovator. He has also been instrumental its use of alternative renewable energy sources, which led to founding Village Farms Clean Energy.
Prior to his business career, Mike served on active duty in the U.S. Navy as an officer and jet aviator from July 1976 through January 1983, and the Naval Air Reserves from 1983 to 2001, retiring at the rank of Captain with the United States Naval Reserve. Michael received a Bachelor of Science degree in Aeronautical Science and Aviation Management from Embry Riddle Aeronautical University in Daytona Beach, Florida.
Stephen Ruffini
Executive Vice President, Chief Financial Officer
Stephen began with Village Farms on January 5, 2009. Since joining, the Company, he has assisted the Company’s produce division with developing proprietary brands, as well as being instrumental in the transition into cannabis in Canada. He is also very involved with our business development team as well as with hemp regulatory matters in the U.S. Previously, Stephen served as the Chief Operating and Chief Financial Officer of Performing Brands, a small cap US publicly traded CPG company in the energy drinks segment.
From 2001 until October 2005, Stephen served as the Chief Financial Officer of Hit Entertainment, plc a publicly traded (FTSE-250) UK-company. Hit Entertainment was the preeminent young children’s entertainment company owning such brands as Barney the Dinosaur, Bob the Builder and Thomas the Tank Engine. From 1993-2001, He served as the Chief Financial Officer and Treasurer of Lyrick Corporation and RCL Enterprises, Inc. privately-held companies based in Allen, TX owning both entertainment properties, as well as commercial printing and publishing operations. From 1984 to 1993, Stephen was a Senior Tax Manager at Arthur Andersen & Co. Mr. Ruffini has an MBA from the University of Texas at Austin and a BBA from Southern Methodist University. Stephen is a Certified Public Accountant (CPA).
Risks & Disclosures
This communication is neither an offer to sell nor a solicitation of an offer to buy, nor a recommendation of any securities of the company mentioned herein.
Village Farms International Inc. (the “Company”) and its counsel have reviewed the content of this page as well as the accompanying presentation (“Company Presentation”) displayed on this page. To the best of its knowledge, the Company does not believe this content to be misleading or inaccurate in any material respect, nor does it believe there are any material omissions with respect to such content. The Company does not believe the contents of the page or the Company Presentation to contain any non-public material information.
Information and opinions presented in the Company Presentation are provided by the Company, and b2i digital makes no representation as to their accuracy or completeness. The information contained on this page is not intended to constitute any form of advice, and the information provided is not intended to provide a sufficient basis on which to make an investment decision. It is not investment research, nor does it constitute a research recommendation, as it does not constitute substantive research or analysis. This information is not to be relied upon in substitution for the exercise of independent judgment.
Information, opinions and estimates contained on this page or in the Company Presentation reflect judgments by the Company as of the original date of publication by the Company and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance.
A complete description of the risks and uncertainties relating to the Company and its securities can be found in the company's filings with the U.S. Securities and Exchange Commission available for free at www.sec.gov.
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