VANCOUVER, BC – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today revealed its completely owned subsidiary, Pure Sunfarms, has got EU GMP accreditation from Bezirksregierung Düsseldorf (District Government of Dusseldorf, Germany) for its 1.1 million square foot Delta 3 marijuana production center situated in Delta, British Columbia. EU GMP accreditation allows Pure Sunfarms to export EU GMP-accredited medical marijuana to importers and suppliers in worldwide markets that need EU GMP accreditation.
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“Our capability to now export our marijuana items to the EU and other global markets that need EU GMP accreditation supplies an incremental profits stream in addition to the strong development that we continue to anticipate in Canada in 2022 and beyond,” stated Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms. “We appearance forward to supplying the EU high quality, British Columbia-grown medical marijuana flower, start in the biggest medical marijuana market in the area, Germany, with deliveries to that nation targeted to start in the 3rd quarter of this year.”
“Pure Sunfarms’ invoice of EU GMP accreditation marks another significant action forward in Village Farms’ method to construct a first-rate, worldwide marijuana platform,” stated Michael DeGiglio, President and Chief Executive Officer, Village Farms. “In addition to the anticipated near-term development from this growth, we think existing medical markets in the EU, and somewhereelse, are a path to gettinginvolved in much bigger legal leisure marijuana chances as these markets establish.”
Mr. DeGiglio, included, “We likewise continue to advance our prepares for Pure Sunfarms to export marijuana to Israel, with sales expected to start there by the end of this year.”
In anticipation of invoice of EU GMP accreditation for the Delta 3 center, as well as other development efforts and chances for 2022, in late 2021 Pure Sunfarms broadened its total capability, beginning production in the veryfirst half of its 2nd 1.1 million square foot greenhouse center, Delta 2. In addition, Pure Sunfarms personnel formerly wentthrough GMP education and training to lineup production at Delta 3 with EU GMP requirements.
Germany, with a population of more than 83 million, more than 90% of which are covered by public health insuranceproviders, is the biggest legal medical marijuana market in the EU.
About Village Farms International, Inc.
Village Farms leverages years of experience as a massive, Controlled Environment Agriculture-based, vertically incorporated provider for high-value, high-growth plant-based Consumer Packaged Goods chances, with a strong structure as a leading fresh fruitandvegetables provider to grocery and large-format merchants throughout the UnitedStates and Canada, and brand-new high-growth chances in the marijuana and CBD classifications in North America and chosen markets worldwide.
In Canada, the Company’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single biggest marijuana operations in the world, the lowest-cost greenhouse manufacturer and one of Canada’s verypopular brandnames. The Company likewise owns 70% of Québec-based, Rose LifeScience, a leading third-party marijuana items commercialization specialist in the Province of Québec.
In the UnitedStates, wholly-owned Balanced Health Botanicals is one of the leading CBD brandnames and e-commerce platforms in the nation. Subject to compliance with all appropriate UnitedStates federal and state laws and stock exchange guidelines, Village Farms prepares to gointo the UnitedStates high-THC marijuana market through numerous techniques, leveraging one of the biggest greenhouse operations in the nation (more than 5.5 million square feet in West Texas), as well as the functional and item competence got through Pure Sunfarms’ marijuana success in Canada.
Internationally, Village Farms is targeting picked, nascent, legal marijuana and CBD chances with substantial medium- and long-lasting prospective, with an preliminary focus on the Asia-Pacific area and Europe.
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