Village Farms International (VFF), a grower of agricultural produce and cannabis, announced Monday that it has acquired 70% of privately held, Québec-based cannabis company ROSE LifeScience for a value of up to C$46.7 million. ROSE LifeScience is a leading vertically integrated branded and third-party supplier to the Québec cannabis market. The Province of Québec represents approximately 15% of total Canadian retail cannabis sales. Village Farms acquired 70% of all outstanding shares of ROSE on a debt-free basis for a consideration comprised of C$19.9 million in cash and 2,411,280 common shares of Village Farms, for a total value of C$26.8 million.
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