Business
Village Farms Amends and Extends Canadian Cannabis Credit Facility
Company upsizes loan commitments by CAD $15 million and extends maturities one year to February 2029 Incremental debt capital provides flexibility for
About this update from Village Farms International, Inc.
[{"type":"text","content":"Company upsizes loan commitments by CAD $15 million and extends maturities one year to February 2029 Incremental debt capital provides flexibility for additional growth investments at rates below 6.0% VANCOUVER, British Columbia, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF), today announced that on February 20, 2026 it amended and extended its Canadian cannabis credit facility by upsizing loan commitments with existing lenders by CAD $15 million and extending maturities one year to February 2029. The incremental debt financing comes in the form of a delayed draw term loan, from which the Company drew an initial CAD $5 million on February 20, 2026. All other terms of the credit facility loans remain unchanged, with variable interest rates currently below 6.0%. Michael DeGiglio, Chief Executive Officer of Village Farms commented, “Today’s announcement demonstrates the strong credit profile of Village Farms established through record financial performance and continued leadership in global cannabis markets. We remain in a very strong net cash position, and are pleased with the collaborative relationship with our lenders who are eager to support our continued growth. Our access to capital is a strong competitive advantage, and we believe this incremental financing reflects a responsible use of our balance sheet to enhance existing operating capabilities while preserving significant optionality for additional accretive organic and acquisitive growth opportunities.” About Village Farms International, Inc. Village Farms leverages decades of experience in Controlled Environment Agriculture as a large-scale, vertically-integrated supplier of high-value, high-growth plant-based Consumer Packaged Goods. The Company built a strong foundation as the leading and longest-tenured fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and now focuses its agricultural expertise on high-growth cannabinoid opportunities while maintaining strategic optionality through remaining produce assets. In Canada, the Company's wholly owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world (2.2 million square feet of greenhouse production), a low-cost producer and one of Canada’s highest quality and best-s...