VANCOUVER, BC, Oct. 26, 2021 /PRNewswire/ - Village Farms
International, Inc. ("Village Farms" or the "Company")
(NASDAQ: VFF) (TSX: VFF) today announced its wholly owned
subsidiary, Balanced Health Botanicals™ ("Balanced Health"), a
family of hemp-derived CBD brands, including its flagship brand
CBDistillery™, has expanded its product portfolio with the launch
of its innovative Synergy Collection, which was developed to
enhance the multitude of benefits offered by the hemp plant beyond
CBD alone.
The Synergy Collection, consists of the Balanced Health's first
ever CBD + Functional Mushroom (non-hallucinogenic), Kava Root[1],
and CBDA (Cannabidiolic Acid) products, along with
CBDistillery's™ top-selling CBG (Cannabigerol) & CBN
(Cannabinol) formulations. Each product in the Synergy
Collection was designed with a goal of enhancing the entourage
effect, which may occur when all hemp plant elements like
cannabinoids, terpenes and other compounds work together in
synergy, allowing consumers the ability to select products based on
their needs and individual product benefits rather than combining
various supplements to achieve a desired effect. The Synergy
Collection by CBDistillery™ introduces a new line of tinctures,
vegan-friendly capsules, and drink mixes, as well as all-new CBG +
CBD and CBN + CBD gummies across four categories: Daytime Synergy,
Sleep Synergy, Raw Synergy and Wellness Synergy.
"The launch of this truly innovative product line marks a
significant milestone in the evolution of the CBDistillery product
pipeline that we believe further strengthens its positions as a
top-five US CBD brand1 and a top-ranked web site
within the CBD category," said Michael
DeGiglio, CEO, Village Farms International. "The
Synergy Collection not only allows Balanced Health to continue
to build product offerings that have full-spectrum CBD, as well as
other cannabinoids and other all-natural ingredients such as THC
and, importantly, supporting the opportunity for more diverse
wellness product line in the future."
"We're very excited to launch our new and much anticipated
Synergy line," said Chase
Terwilliger, CEO of Balanced Health Botanicals. "We've
touted the importance of the 'entourage effect' in our flagship
CBD-rich Full Spectrum Hemp Extracts since day one. The
Synergy Collection is expected to take it to the next level, from
our popular ratios of minor-cannabinoid blends along with proven
plant-based dietary ingredients, we couldn't be more excited for
our customers to experience everything these products have to
offer. This line is like no-other – the culmination of years
developing these formulas, which we believe can dramatically
improve the quality of our customers' lives. We look forward to
expanding this collection by introducing additional beneficial
minor cannabinoids, terpenes, as well as combining other
plant-based dietary ingredients to leverage the benefits of the
hemp plant."
For more information on BHB's CBDistillery™ Synergy Collection
and the brand's mission, please visit:
cbdistillery.com/synergy
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1 Kava Root is not a controlled
substance in the USA, but is subject to regulatory controls in
Canada and other countries. The Synergy Collection will not
be available in such markets.
|
About Balanced Health Botanicals
Balanced Health Botanicals™ (BHB) is a family of hemp-derived
CBD brands that includes CBDistillery™ and BOTA™. Flagship brand
CBDistillery™ was founded in Denver in 2016 to pursue a
rapidly growing and predominantly untapped market. It has since
evolved into one of the largest CBD brands in the market, sold in
retailers nationwide. The all-new BOTA™ is a line of premium
plant-powered skincare and supplements that combines powerful
natural botanicals with hemp-derived CBD. BHB's mission is to
provide the highest quality, U.S. grown, hemp-derived CBD products
at everyday premium pricing and to be the premier CBD education
resource. BHB has made significant investments in its
infrastructure, supply chain capabilities, world-class
manufacturing facilities, and product portfolio to solidify itself
as the leader of the #CBDMOVEMENT™.
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, with 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" and
"forward-looking information" within the meaning of applicable U.S.
and Canadian securities laws (collectively, "forward-looking
statements"). Forward-looking statements can be identified by such
terms as "outlook", "may", "might", "will", "could", "should",
"would", "occur", "expect", "plan", "anticipate", "believe",
"intend", "try", "estimate", "predict", "potential", "proposed",
"designed", "continue", "likely", "schedule", "objectives", "can"
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 in North America,
and selected markets internationally and risks associated with
compliance with US and Canadian regulations. 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.