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Village Farms International (From Tomatoes To Cannabis) (Seite 4)

WKN: A0YJNB | Symbol: VFF
+5,07 %
+0,190 EUR

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Village Farms Int'l to release Q1 2018 results May 14

2018-05-10 10:21 ET - News Release

Mr. Stephen Ruffini reports


Village Farms International Inc. will host a conference call to discuss its first quarter 2018 financial results, as well as provide an update on its cannabis joint venture in Canada, Pure Sunfarms, on Tuesday, May 15, 2018, at 11 a.m. ET (8 a.m. PT). Participants can access the conference call by telephone by dialling 647-427-7450 or 888-231-8191 or via the Internet.

The company expects to report its first quarter 2018 financial results via news release after markets close on Monday, May 14, 2018.

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 416-849-0833 or 855-859-2056 and enter the passcode 9885703 followed by the pound key. The telephone replay will be available until Tuesday, May 22, 2018, at 12 a.m. ET. The conference call will also be archived on Village Farm's website.

About Village Farms International Inc.

Village Farms International is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada.
Schöne Bewegung vor Quartalszahlen, die heute nach Handelsende veröffentlicht werden.
Der Trend stimmt und ich persönlich denke, dass wir den Boden gesehen haben bei VFF.

Gruß phobieeee
Village Farms International announces CAD$10 million private placement of common shares

VANCOUVER, May 18, 2018 /CNW/ - Village Farms International, Inc. ("Village Farms" or the "Company") (TSX: VFF) (OTCQX:VFFIF) today announced that it has agreed to issue, on a private placement basis, 1,886,793 common shares of the Company to certain accredited investors at a price of CAD$5.30 per common share for total gross proceeds of approximately CAD$10,000,000 (the "Offering"). The net proceeds of the Offering will be used, if required, to contribute capital to Pure Sunfarms Corp., the Company's 50%-owned joint venture for large-scale, low-cost, high quality cannabis production in Canada, as it continues conversion of, and ramps up commercial production at, its 1.1 million square foot Delta 3 greenhouse, as well as for general working capital purposes.

The closing of the Offering is expected to occur on or about May 24, 2018 and is subject to receipt of all regulatory approvals, including the approval of the Toronto Stock Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About Village Farms International, Inc.

Village Farms International, Inc. is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada. With more than 750 years of accumulated master grower experience coupled with advanced proprietary technology and environmentally sustainable growing practices, Village Farms is highly resource efficient. Village Farms produces and distributes fresh, premium-quality produce with consistency 365-days a year to national grocers in the U.S. and Canada from its large-scale Controlled Environment Agriculture (CEA) greenhouses in British Columbia and Texas, as well as from its partner greenhouses in BC, Ontario and Mexico.

Cautionary Language

Certain statements contained in this press release constitute forward-looking information within the meaning of applicable securities laws ("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, 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, Pure Sunfarms, the greenhouse vegetable industry or the cannabis industry are forward-looking statements. In some cases, forward-looking information can be identified by such terms as "outlook", "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "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. Some of the specific forward-looking statements in this press release include, but are not limited to, statements with respect to closing of the Offering and the intended use of proceeds therefrom.

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, including as detailed in the Company's annual information form and management's discussion and analysis for the year-ended December 31, 2017.

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 only relate 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.

SOURCE Village Farms International, Inc.

For further information: Stephen C. Ruffini, Executive Vice President and Chief Financial Officer, Village Farms International, Inc., (407) 936-1190, ext. 340; Lawrence Chamberlain, Investor Relations, (416) 519-4196, lawrence.chamberlain@loderockadvisors.com
Antwort auf Beitrag Nr.: 57.758.200 von phobieeee am 14.05.18 21:45:40Danke für deine Beiträge hier.

Meine Meinung:

Sollte der Vetrieb auch abseits der mit Emerald vereinbarten Abnahmemenge gelingen, könnten die Q4-Zahlen sehr schön werden und quasi aus dem Nichts einer der wichtigsten Player auf dem Markt entstehen. In Sachen Produktion sieht ja schon alles sehr gut aus.

Also: Wenn der Vertrieb aufgeht, ist der Laden aktuell sowas von unterbewertet und die Anleger können sich freuen.
ORIGINAL: Village Farms Enters Commercial-Scale Production and Outlines Ambitious 2018 Plans -- CFN Media

2018-05-22 09:00 ET - News Release

SEATTLE, May 22, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering Village Farms International Inc. (TSX:VFF) (OTCQX:VFFIF) joint venture with Emerald Health Therapeutics Inc. (TSX-V:EMH) (OTCQX:EMHTF) called Pure Sunfarms. Village Farms, which has been publicly traded for more than ten years on the TSX, is already generating about CAD$200 million in annual revenue as a large-scale, low-cost greenhouse grower -- from its decades old fresh produce business. By leaning on this experience, the vertically-integrated company is now cultivating high-quality cannabis through Pure Sunfarms, which has the potential to produce up to 300,000 kilograms of dried cannabis per year if it converts all of its existing Delta, BC-based 4.8 million sq. ft. of greenhouse space to cannabis production.

Canada’s cannabis industry is projected to generate C$12 billion in gross sales by 2025, according to recent equity research by Cowen, driven by the legalization of adult-use cannabis nationwide as early as this summer. While there are many licensed producers that have been approved by Health Canada, few have the existing infrastructure and expertise needed to truly scale into the market as their operations are very young. Many will face growing pains.

Cannabis to “Transform” an Experienced Growing Operation

Many Canadian licensed producers’ facilities are either in development or the early stages of production. Most are burning through significant capital each quarter ramping up operations. A problem with this approach is that it’s difficult to scale up to an industrial size agricultural operation, with issues ranging from diseases that could wipe out an entire harvest, or severely impact the quality of a harvest, to finding sufficient personnel in a tight labor market.

Village Farms is unique in the Canadian cannabis landscape in that it already has fully scaled-up greenhouse operations that have been growing premium quality produce -- and selling it to North America’s leading grocers -- for decades. Last quarter, the company reported revenue of $29.5 million and $1.8 million in EBITDA from this business. With well-seasoned personnel and proven practices in place, the company is in prime position to enter the cannabis industry at scale and drive value through production of a considerably more profitable crop.

Village Farms’ CEO Michael DeGiglio calls cannabis production “truly transformational”. The company projects Pure Sunfarms will multiply revenue per square foot of growing capacity 10 to 15 times by switching from produce to cannabis. EBITDA margins should leap up from mid-single digits currently to 50% or more with cannabis. The company asserts these are conservative numbers, as are its production estimates. Its long-term revenue model is based on a cannabis flower sale price of $2/gram, which is currently well below market but reflects the strong belief by the company, as well as many experts, that cannabis flower will commoditize over the coming years.

Starting Commercial-Scale Production

On May 14 Pure Sunfarms received an amendment to its cultivation license that enables it to begin commercial growing at scale. Village Farms plans to incrementally increase production throughout the year. The Delta 3 greenhouse covers 1.1 million square feet in total. Pending further expected amendments to its cultivation license, the company anticipates 250,000 sf to be planted by the end of July, another 250,000 sq. ft. to be in production in September, and the entire 1.1 million sq. ft. in production by the end of the year.

“The start of commercial-scale cannabis production at the Delta 3 facility is the most significant milestone for Pure Sunfarms to date,” said Village Farms CEO Michael DeGiglio. “We are thrilled to definitively move forward with the accelerated production plan, which significantly increases Pure Sunfarms conservative production targets to as much as 60,000 kilograms or more of dried cannabis through the end of 2019.”

Pure Sunfarms expects to be cultivating at full production of 75,000 kilograms per year at the Delta 3 facility in 2020.

Selling Into the Demand

Demand for cannabis product is ramping up quickly ahead of its coming legalization for adult use in Canada. Pure Sunfarms recently signed its first supply agreement -- Emerald Health agreed to purchase 40 percent of Pure Sunfarm’s production in 2018 and 2019, or approximately 21,000 to 24,000 kilograms, based on current production targets. The company is also in discussions with numerous parties, including governments and other licensed producers, for additional supply agreements.

Village Farms’ Pure Sunfarms joint venture is in the process of applying for its sales license, recently having completed its initial cannabis harvest at the Delta 3 greenhouse. A portion of this harvest has been submitted for testing under Health Canada’s sales licensing process. This is a typical progression for licensed dealers: start with a small grow to get the initial license, amend it to cover more production space, submit product for inspection and sales license approval. Pure Sunfarms is on track.

“Pure Sunfarms’ first supply agreement provides a strong initial revenue stream, while allowing the flexibility to pursue opportunities with government purchasers, as well as the significant near-term demand we are seeing from other licensed producers,” added Mr. DeGiglio. “With the advantage of Village Farms’ decades of experience designing, building, and operating large-scale greenhouse facilities, I am more than confident in Pure Sunfarms’ ability to steadily ramp up production in the 17 grow rooms within the 1.1 million square foot Delta 3 facility.”

Looking Ahead

Village Farms International Inc. (TSX:VFF) (OTCQX:VFFIF), through its Pure Sunfarms joint venture, represents a compelling investment opportunity within Canada’s burgeoning cannabis industry. With as much as 60,000 kilograms or more of dried cannabis production for sale through next year, and 75,000 kg/year at full production shortly thereafter, the joint venture Pure Sunfarms has the potential to become one of the leading players in the licensed producer space almost overnight. Should the company choose to convert the remaining 3.7 million square feet of existing greenhouses at the joint venture’s disposal, those numbers would obviously multiply. Investors may want to take note as production ramps up over the coming quarters.

Please follow the link to read the full article: http://www.cannabisfn.com/village-farms-enters-commercial-scale-production-outlines-ambitious-2018-plans/

For more information, visit the company’s website or download their investor presentation.

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany

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CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.

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CFN Media
Frank Lane

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