– Second Quarter 2022 Financial Results Conference Call
Tuesday, August 9, 2022at 8:30 a.m. ET –
VANCOUVER, BC, August 2, 2022 /PRNewswire/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that it will host a conference call to discuss its second quarter financial results on Tuesday, August 9, 2022at 8:30 a.m. ET. Participants may 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 Q&A session will be limited to analysts; however, others are welcome to submit questions prior to the conference call via email to email@example.com. Management will respond to questions received via email as part of the conference call Q&A session as time allows.
The company plans to release its second quarter 2022 financial results via a press release on Tuesday, August 9, 2022at 7:00 a.m. ET.
Conference Call Archive Access Information
For those unable to participate in the conference call at the scheduled time, the conference call will be archived for replay over the phone and via the Internet approximately one hour after the conference has ended. To access the archived conference call by phone, dial (416) 764-8677 or (888) 390-0541 and enter the password 784970 followed by the pound key (#). The telephone replay will be available until Tuesday, August 16, 2022 at midnight (ET). The conference call will also be available on the Village Farms website at http://villagefarms.com/investor-relations/investor-calls.
About Village Farms International, Inc.
Village Farms draws on decades of experience as a large-scale, vertically integrated, controlled-environment agriculture-based provider of high-value, high-growth, plant-based consumer packaged goods opportunities, with a solid foundation as a leading fresh produce supplier to grocery and large-format retailers across the United States and Canadaand new strong growth opportunities in the cannabis and CBD categories in North America and selected markets internationally.
In Canadathe company’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the world’s largest cannabis farms, the lowest cost greenhouse grower and one of the from Canada best-selling brands. The Company also owns 70% of the Quebec company Rose LifeScience, a major third party expert in the commercialization of cannabis products in the province of Quebec,
In the United States, 100% owned Balanced Health Botanicals is one of the country’s leading CBD brands and e-commerce platforms. Subject to compliance with all U.S. federal and state laws and applicable stock exchange rules, Village Farms plans to enter the U.S. high-THC cannabis market through several strategies, leveraging one of the largest farms of the country’s greenhouse (over 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 targets selected, nascent and legal cannabis and CBD opportunities with significant medium to long-term potential, with an initial focus on the Asia Pacific region and Europe.
Caution 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 United States Securities Act of 1933, as amended, (the “Securities Act”) and of 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 collectively refer to these forward-looking statements and forward-looking information as “forward-looking statements”. Forward-looking statements may relate to the Company’s future prospects or financial condition and anticipated events or results and may include statements regarding financial condition, business strategy, budgets, expansion plans, litigation, projected production , projected costs, capital expenditures, financial results, taxes, plans and objectives of or involving the Company. In particular, statements regarding future results, performance, achievements, prospects or opportunities for the Company, the vegetable or greenhouse products industry or the cannabis industry are forward-looking statements. In some instances, forward-looking information may be identified by terms such as “may”, “outlook”, “may”, “could”, “should”, “could”, “should”, “would”, “would occur”. “, “expect”, “plan”, “anticipate”, “believe”, “intend”, “try”, “estimate”, “predict”, “potential”, “continue”, “probable “, “plan”, “goals”, or the negative or grammatical variation of these or other similar expressions concerning subjects which are not historical facts. The forward-looking statements contained in this press release are subject to risks which may include, but are not limited to: our limited operating history in the cannabis and cannabinoid industry, including that of Pure Sunfarms, Inc. (“Pure Sunfarms”), Rose LifeScience Inc. (“Rose” or “Rose LifeScience”), Balanced Health Botanicals, LLC (“Balanced Health”) and our hemp cultivation operations in United States; the legal status of the cannabis business of Pure Sunfarms and Rose and the hemp business of Balanced Health; risks related to the integration of Balanced Health and Rose into our consolidated businesses; risks relating to obtaining additional financing, including our reliance on credit facilities; potential difficulties in achieving and/or maintaining profitability; product price variability; risks inherent in cannabis, hemp, CBD, cannabinoid and agricultural activities; market positioning; 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 government regulations, including risks relating to regulatory compliance and obtaining and maintaining licenses; legal and operational risks related to the planned conversion of our greenhouses to cannabis production in Canada and in United States; risks related to U.S. federal (Food and Drug Administration and United States Department of Agriculture), state and municipal rules and regulations regarding the marketing of cannabidiol products and products; 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 cultivation and transport costs; recessionary effects on demand for our products; environmental, health and safety risks, foreign exchange risk, risks associated with cross-border trade; difficulties in managing our growth; covenants under our credit facilities; natural disasters; the ongoing and developing COVID-19 pandemic; and tax risks.
The Company has based these forward-looking statements on factors and assumptions regarding 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 on 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 control of the Company, which may cause the actual results, performance, achievements, prospects and opportunities of the Company or the industry in the future periods differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, factors contained in the Company’s filings with securities regulatory authorities, including this press release. In particular, we caution you that our forward-looking statements are subject to current and developing circumstances related to the COVID-19 pandemic, which could have a material adverse effect on our future business, operations and financial results.
When relying on forward-looking statements to make decisions, the Company cautions readers not to place undue reliance on such statements, as forward-looking statements involve significant risks and uncertainties and should not be construed as guarantees. of results, performances, achievements, future prospects. and opportunities. Forward-looking statements made in this press release relate only to events or information as of the date the statements are made in this press release. Except as required by law, the Company undertakes no obligation to publicly update or revise 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 unforeseen events.
SOURCEVillage Farms International, Inc.