- 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 Greatest 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) at the moment 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 trade 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 trade,” mentioned Michael DeGiglio, Chief Govt Officer, Village Farms. “We not solely led the Canadian hashish trade in income progress over the previous three years however have additionally been constantly EBITDA constructive all through that interval – now 15 consecutive quarters. We stay up for continued progress and success within the Canadian hashish market and executing on our plans to deliver to bear the invaluable expertise now we have gained in Canada to extra alternatives at house and around the globe.”
“Having been based by Village Farms and utilizing their established rising operations, now we have been in a position to leverage a long time of expertise in managed atmosphere 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 commonly characterised as a unstable and disruptive trade.”
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 whole 2022 rankings together with editorial protection is revealed within the October situation of Report on Enterprise journal and accessible on-line right here: Canada’s Top Growing Companies: Meet 430 businesses that will give you expansion envy – The Globe and Mail.
Village Farms Named Greatest Canadian Hashish Firm at 2022 Benzinga Hashish Awards/CEO Michael DeGiglio Featured as Keynote at fifteenth Benzinga Hashish Capital Convention
Village Farms was named Greatest Canadian Hashish Firm on the first Benzinga Hashish Awards, which have 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 trade, have been chosen by a panel of 26 hashish trade consultants.
“I’m so proud and honoured to simply accept this award on behalf of your entire Village Farms Canadian hashish group,” mentioned Mr. DeGiglio. “Their unrivalled trade experience and tireless dedication to high quality, effectivity and innovation – supported by the 30-plus years of expertise throughout the broader Village Farms group – 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: Events – Village Farms International.
About Village Farms Worldwide, Inc.
Village Farms leverages a long time of expertise as a large-scale, Managed Atmosphere Agriculture-based, vertically built-in provider for high-value, high-growth plant-based Client Packaged Items alternatives, with a powerful 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. ft in West Texas), in addition to the operational and product experience gained by means of Pure Sunfarms’ hashish success in Canada.
Internationally, Village Farms is focusing on chosen, nascent, authorized hashish and CBD alternatives with important medium- and long-term potential, with an preliminary deal with the Asia-Pacific area and the Netherlands in Europe.
Cautionary Assertion Relating to Ahead-Wanting Data
This Press Launch incorporates forward-looking statements throughout 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 Trade Act of 1934, as amended (the “Trade Act”), and is topic to the secure harbor created by these sections. This Press Launch additionally incorporates “forward-looking data” throughout the that means of relevant Canadian securities regulation. We seek advice from such forward-looking statements and forward-looking data collectively as “forward-looking statements”. Ahead-looking statements could 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, growth plans (together with internationally on account of our acquisition of Leli Holland), litigation, projected manufacturing, projected prices, capital expenditures, monetary outcomes, taxes, plans and targets of or involving the Firm. Notably, statements relating to future outcomes, efficiency, achievements, prospects or alternatives for the Firm, the greenhouse vegetable trade or the hashish trade are forward-looking statements. In some circumstances, forward-looking data may be recognized by such phrases as “outlook”, “could”, “may”, “will”, “might”, “ought to”, “would”, “happen”, “count on”, “plan”, “anticipate”, “consider”, “intend”, “attempt”, “estimate”, “predict”, “potential”, “proceed”, “seemingly”, “schedule”, “targets”, or the adverse or grammatical variation thereof or different related expressions regarding issues that aren’t historic details. The forward-looking statements on this Press Launch are topic to dangers which 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 growth by means of our funding in Leli Holland; dangers regarding acquiring extra financing, together with our dependence upon credit score amenities; potential difficulties in reaching 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 power 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 Medicine and Substances Act, the Legal Code and different Acts, S.C. 2018, c. 16 (Canada) for its Delta 3 greenhouse facility), and modifications 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, international 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 growing COVID-19 pandemic; and tax dangers.
The Firm has based mostly these forward-looking statements on components and assumptions about future occasions and monetary tendencies that it believes could 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 based mostly upon assumptions that administration believes are affordable based mostly on data at present accessible to administration, there may be no assurance that precise outcomes will likely be in line with these forward-looking statements. Ahead-looking statements essentially contain identified and unknown dangers and uncertainties, lots of that are past the Firm’s management, which will trigger the Firm’s or the trade’s precise outcomes, efficiency, achievements, prospects and alternatives in future durations 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 growing circumstances associated to the COVID-19 pandemic, which can have a cloth hostile impact on our enterprise, operations and future monetary outcomes.
When counting on forward-looking statements to make selections, the Firm cautions readers to not place undue reliance on these statements, as forward-looking statements contain important 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 data as of the date on which the statements are made on this Press Launch. Besides as required by regulation, the Firm undertakes no obligation to replace or revise publicly any forward-looking statements, whether or not on account of new data, 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.