VANCOUVER, BC, Sept. 15, 2021 /CNW/ - Village Farms
International, Inc. ("Village Farms" or the "Company") (NASDAQ:
VFF) (TSX: VFF) today unveiled new corporate branding and launched
its new corporate website at www.villagefarms.com.
Village Farms' new corporate branding embodies the Company's
evolution over the last four years to a vertically integrated
plant-based consumer products company, targeting high-growth,
large-market opportunities in North
America and around the world, with a specific focus on
cannabinoids and related health products.
Village Farms is building a family of brands that improve life's
journey for the wellbeing of humankind, and the earth on which we
live. While each has its own products and approach, they are united
by shared core values: integrity, fairness, quality, inclusion,
sustainability and hard work – all of which are underpinned by an
unwavering desire to do what's right.
The Company's new corporate branding is anchored by the mantra
"Good, for All™", which is an expression of Village Farm's
unrelenting commitment to its customers, consumers, partners,
employees, shareholders and other stakeholders to act with
responsibility and resourcefulness, with a respect for people and
the planet. It also represents Village Farms' commitment to
continued leadership and innovation in sustainable agriculture
practices and use of alternative renewable sources of energy.
"We are thrilled to share our new corporate branding, logo and
website with the world," said, Michael
DeGiglio, CEO, Village Farms. "Our new branding reflects the
transformation of our Company over the last four years to a family
of brands as we have leveraged our deep institutional knowledge and
extensive capabilities gained over three decades, in combination
with unmatched Controlled Environment Agriculture assets, to build
on our proud heritage in the produce business through significant
new opportunities in cannabis, CBD and related products."
Mr. DeGiglio added, "As much as our new branding reflects who we
are today, it also encapsulates our plans for the future. We are
executing on an aggressive growth strategy to deliver durable
shareholder value throughout the near-, medium- and long-terms –
one that has already seen our sales1 nearly double since
2017. But as proud as I am about all that we have accomplished in
the last four years, as a shareholder I have never been more
optimistic about, or confident in, our ability to continue to
positively contribute to people and our planet, while at the same
time creating a dynamic and workplace for employees to grow and
thrive, and creating durable value for our shareholders. Our new
corporate brand and website reflect this optimism and
confidence."
As part of the new website launch, Village Farms also
unveiled an updated investor presentation, which is available
in the Investor Relations section of the website.
Notes
1. Annualized run rate Q3 2021 sales.
About 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. Village Farms has a strong foundation as a leading
fresh produce supplier to grocery and large-format retailers
throughout the US and Canada,
along with 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 the best-selling brands.
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.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, (the "Securities Act") and
Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and is subject to the safe harbor
created by those sections. This press release
also contains "forward-looking information" within
the meaning of applicable Canadian securities law. Forward-looking
information can be identified by such terms as "outlook", "may",
"might", "will", "could", "should", "would", "occur", "expect",
"plan", "anticipate", "believe", "intend", "try", "estimate",
"predict", "potential", "continue", "likely", "schedule",
"objectives", or the negative or grammatical variation thereof or
other similar expressions concerning matters that are not
historical facts, although not all forward-looking statements
contain these identifying words. The forward-looking statements in
this press release are subject to risks that may include, but are
not limited to Company's expansion plans, expectations regarding
cannabis and CBD categories and opportunities in North America and selected markets
internationally, including the Asia-Pacific region and Europe, the retail CBD and high-THC cannabis
markets, the legal and regulatory status of the cannabis and the
CBD business; risks relating to obtaining additional financing,
dependence upon credit facilities, profitability, product pricing,
cannabis, hemp and agricultural businesses, risks relating to the
leveraging our greenhouses to cannabis and the ongoing and
developing COVID-19 pandemic and tax risks. The Company has
based these forward-looking statements on factors and assumptions
about future events and financial trends that it believes may
affect its financial condition, results of operations, business
strategy and financial needs. Although the forward-looking
statements contained in this press release are based upon
assumptions that management believes are reasonable based on
information currently available to management, there can be no
assurance that actual results will be consistent with these
forward-looking statements. Forward-looking statements necessarily
involve known and unknown risks and uncertainties, many of which
are beyond the Company's control, that may cause the Company's or
the industry's actual results, performance, achievements, prospects
and opportunities in future periods to differ materially from those
expressed or implied by such forward-looking statements. These
risks and uncertainties include, among other things, the factors
contained in the Company's filings with securities regulators
available on SEDAR and EDGAR. When relying on forward-looking
statements to make decisions, the Company cautions readers not to
place undue reliance on these statements, as forward-looking
statements involve significant risks and uncertainties and should
not be read as guarantees of future results, performance,
achievements, prospects and opportunities. The
forward-looking statements made in this press release relate only
to events or information as of the date on which the statements are
made in this press release. Except as required by law, the Company
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on
which the statements are made or to reflect the occurrence of
unanticipated events.
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SOURCE Village Farms International, Inc.