– Combined with Previously Appear Accumulation Acceding for Ontario , Pure Sunfarms will accept Access to Added than Bisected of the Canadian Citizenry –
VANCOUVER , Sept. 4, 2019 /CNW/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (TSX:VFF; Nasdaq:VFF) today appear that its 50%-owned collective adventure for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has entered into a accumulation acceding with the British Columbia Liquor Administration Branch (BCLDB) to accumulation the BCLDB with Pure Sunfarms-branded cannabis articles for the recreational bazaar in the Arena of British Columbia .
Pure Sunfarms will activate aircraft packaged artefact to the BCLDB, as able-bodied as the Ontario Cannabis Retail Corporation (the “OCRC”, operating as the Ontario Cannabis Store), with whom it entered into a accumulation acceding in February 2019 , as anon as accessible aloft cancellation of its authorization alteration allowing sales and administration anon to provincial/territorial wholesalers and accustomed clandestine retailers in accordance with provincial/territorial frameworks in Canada (sometimes referred to as a “packaging license”).
Combined, Ontario and British Columbia comprise added than bisected of Canada’s population, with Ontario (Canada’s best busy province) and British Columbia (Canada’s third best busy province) absolute added than 38% and added than 13% of Canada’s population, respectively). Pure Sunfarms additionally continues to beforehand discussions with added bigoted distributors for abeyant accumulation agreements.
“The advertisement of today’s accumulation acceding with the BCLDB represents a above anniversary for Pure Sunfarms,” said Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms. “We are proudly B.C.-based, cultivating cannabis to the accomplished standards by the best accomplished growers in the industry, and attending advanced to accepting Pure Sunfarms artefact accessible in our home province.”
“Pure Sunfarms is already one of Canada’s better cannabis producers, with an outstanding acceptability for quality, consistency, affirmation and reliability,” said Michael DeGiglio , CEO, Village Farms International. “This accumulation acceding for Canada’s third best crawling arena will decidedly aggrandize Pure Sunfarms’ bazaar ability back it begins sales anon to bigoted and territorial wholesalers, demography the abutting footfall in establishing Pure Sunfarms as a premiere civic cast with Canadian cannabis consumers.”
About Village Farms International, Inc.
Village Farms is one of the better and longest-operating angular chip greenhouse growers in North America and the alone about traded greenhouse aftermath aggregation in Canada . Village Farms produces and distributes fresh, premium-quality aftermath with bendability 365 canicule a year to civic grocers in the U.S. and Canada from added than nine actor aboveboard anxiety of Controlled Ambiance Agriculture (CEA) greenhouses in British Columbia and Texas , as able-bodied as from its accomplice greenhouses in British Columbia , Ontario and Mexico. The Aggregation is now leveraging its 30 years of acquaintance as a angular chip agriculturalist for the rapidly arising all-around cannabis befalling through its 50% buying of British Columbia -based Pure Sunfarms Corp., one of the distinct better cannabis growing operations in the world. The Aggregation additionally intends to accompany opportunities to become a angular chip baton in the U.S. hemp-derived CBD market, accountable to acquiescence with all applicative U.S. federal and accompaniment laws, Village Farms has accustomed two collective ventures, Village Fields Hemp USA , LLC, and Arkansas Valley Green and Gold Hemp LLC, for multi-state alfresco hemp agronomics and CBD abstraction and affairs to accompany controlled ambiance hemp assembly at its Texas greenhouse operations, which absolute 5.7 actor aboveboard anxiety of assembly area, accountable to amends of hemp in Texas .
Certain statements independent in this columnist absolution aggregate advanced advice aural the acceptation of applicative balance laws (“forward-looking statements”). Advanced statements may chronicle to the Company’s approaching angle or banking position and advancing contest or after-effects and may accommodate statements apropos the banking position, business strategy, budgets, litigation, projected production, projected costs, basic expenditures, banking results, taxes, affairs and objectives of or involving the Company. Particularly, statements apropos approaching results, performance, achievements, affairs or opportunities for the Company, Pure Sunfarms, the greenhouse vegetable industry or the cannabis and hemp industries are advanced statements. In some cases, advanced advice can be articular by such agreement as “outlook”, “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue”, “likely”, “schedule”, “objectives”, or the abrogating or grammatical aberration thereof or added agnate expressions apropos affairs that are not absolute facts.
Although the advanced statements independent in this columnist absolution are based aloft assumptions that administration believes are reasonable based on advice currently accessible to management, there can be no affirmation that absolute after-effects will be constant with these advanced statements. Advanced statements necessarily absorb accepted and alien risks and uncertainties, abounding of which are above the Company’s control, that may account the Company’s or the industry’s absolute results, performance, achievements, affairs and opportunities in approaching periods to alter materially from those bidding or adumbrated by such advanced statements. These risks and uncertainties include, amid added things, the factors independent in the Company’s filings with U.S. and Canadian balance regulators, including as abundant in the Company’s anniversary advice anatomy and management’s altercation and assay for the year-ended December 31, 2017 .
When relying on advanced statements to accomplish decisions, the Aggregation cautions readers not to abode disproportionate assurance on these statements, as advanced statements absorb cogent risks and uncertainties and should not be apprehend as guarantees of approaching results, performance, achievements, affairs and opportunities. The advanced statements fabricated in this columnist absolution alone chronicle to contest or advice as of the date on which the statements are fabricated in this columnist release. Except as appropriate by law, the Aggregation undertakes no obligation to amend or alter about any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.
View aboriginal content:http://www.prnewswire.com/news-releases/village-farms-international-announces-pure-sunfarms-cannabis-supply-agreement-with-british-columbia-liquor-distribution-branch-300911296.html
SOURCE Village Farms International, Inc.
View aboriginal content: http://www.newswire.ca/en/releases/archive/September2019/04/c6544.html
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