VANCOUVER, BC , Oct. 31,
2022 /CNW/ - Village Farms International, Inc.
("Village Farms" or the "Company") (NASDAQ: VFF) today announced it
will host a conference call to discuss its third quarter financial
results on Wednesday, November 9,
2022, at 8:30 a.m. ET.
Participants can access the conference call by telephone by dialing
(416) 764-8659 or (888) 664-6392, or via the Internet at
https://app.webinar.net/Q8rLNPLNepq.
The live question and answer session will be limited to
analysts, however others are invited to submit their questions
ahead of the conference call via email at
investorrelations@villagefarms.com. Management will address
questions received via email as part of the conference call
question and answer session as time permits.
The Company expects to report its third quarter 2022 financial
results via news release on Wednesday,
November 9, 2022, at 7:00 a.m.
ET.
Conference Call Archive Access
Information
For those unable to participate in the conference call at the
scheduled time, it will be archived for replay both by telephone
and via the Internet beginning approximately one hour following
completion of the call. To access the archived conference call by
telephone, dial (416) 764-8677 or (888) 390-0541 and enter the
passcode 675731 followed by the pound (#) key. The telephone replay
will be available until Wednesday, November
16, 2022 at midnight (ET). The conference call will also be
available on Village Farms' web site at
http://villagefarms.com/investor-relations/investor-calls.
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 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.
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 U.S. 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 laws. We refer to
such forward-looking statements and forward-looking information
collectively as "forward-looking statements". Forward-looking
statements may relate to the Company's future outlook or financial
position and anticipated events or results and may include
statements regarding the financial position, business strategy,
budgets, expansion plans, litigation, projected production,
projected costs, capital expenditures, financial results, taxes,
plans and objectives of or involving the Company. Particularly,
statements regarding future results, performance, achievements,
prospects or opportunities for the Company, the greenhouse
vegetable or produce industry or the cannabis industry are
forward-looking statements. In some cases, forward-looking
information can be identified by such terms as "can", "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. The forward-looking statements in this press
release are subject to risks that may include, but are not limited
to: our limited operating history in the cannabis and cannabinoids
industry, including that of Pure Sunfarms, Inc. ("Pure Sunfarms"),
Rose LifeScience Inc. ("Rose" or "Rose LifeScience"), Balanced
Health Botanicals, LLC ("Balanced Health") and our operations of
growing hemp in the United States;
the legal status of the cannabis business of Pure Sunfarms and Rose
and the hemp business of Balanced Health; risks relating to the
integration of Balanced Health and Rose into our consolidated
business; risks relating to obtaining additional financing,
including our dependence upon credit facilities; potential
difficulties in achieving and/or maintaining profitability;
variability of product pricing; risks inherent in the cannabis,
hemp, CBD, cannabinoids, and agricultural businesses; market
position; ability to leverage current business relationships for
future business involving hemp and cannabinoids; the ability of
Pure Sunfarms and Rose to cultivate and distribute cannabis in
Canada; existing and new
governmental regulations, including risks related to regulatory
compliance and regarding obtaining and maintaining licenses; legal
and operational risks relating to expected conversion of our
greenhouses to cannabis production in Canada and in the
United States; risks related to rules and regulations at the
US federal (Food and Drug Administration and United States
Department of Agriculture), state and municipal rules and
regulations with respect to produce and hemp, cannabidiol-based
products commercialization; retail consolidation, technological
advances and other forms of competition; transportation
disruptions; product liability and other potential litigation;
retention of key executives; labor issues; uninsured and
underinsured losses; vulnerability to rising energy costs;
inflationary effects on costs of cultivation and transportation;
recessionary effects on demand of our products; environmental,
health and safety risks, foreign exchange exposure, risks
associated with cross-border trade; difficulties in managing our
growth; restrictive covenants under our credit facilities; natural
catastrophes; 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, which 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,
including this press release. In particular, we caution you that
our forward-looking statements are subject to the ongoing and
developing circumstances related to the COVID-19 pandemic, which
may have a material adverse effect on our business, operations and
future financial results.
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.