Business
Village Farms International Announces Pure Sunfarms' Initial Cultivation and Sales License for Delta 2 Greenhouse / Pure Sunfarms to Begin Roll Out of Vape Products this Summer
VANCOUVER, May 25, 2020 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or "the Company) (NASDAQ:VFF) (TSX:VFF) today announced that its
About this update from Village Farms International, Inc.
[{"type":"text","content":"VANCOUVER, May 25, 2020 /PRNewswire/ - Village Farms International, Inc. (\"Village Farms\" or \"the Company) (NASDAQ:VFF) (TSX:VFF) today announced that its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has received from Health Canada its cannabis cultivation sales licence based on an initial production area within its second 1.1 million square foot greenhouse facility in Delta, British Columbia (the \"Delta 2 facility\"), allowing it to expand capacity as needed through successive license amendments. The Delta 2 facility is located adjacent to the 1.1 million square foot Delta 3 greenhouse facility and when in production, is expected to contribute to further lowering Pure Sunfarms' already industry leading cost of cultivation.\n\"At a time when many in the industry are scaling back new construction projects, Pure Sunfarms continues to move forward with expansion of its future capacity to be ready to meet the anticipated long-term demand for its products,\" said Michael DeGiglio, CEO, Village Farms International. \"We planned Pure Sunfarms' capacity based on our confidence in Pure Sunfarms' ability to capture leading market share across multiple product categories and with its consistent ranking as the top dried cannabis brand in Ontario1, we are confident in the merit of these expansion plans.\"\nPure Sunfarms to Begin Roll Out of Vape Products This Summer\nOn the heels of the leading market share performance of its British Columbia-grown dried cannabis products1, Pure Sunfarms is now preparing to begin the roll out of its first bottled cannabis oils, as well as its first Cannabis 2.0 offerings this summer. Pure Sunfarms' Cannabis 2.0 roll out will begin with the launch of a selection of pre-filled 510 vape cartridges, available in the extract forms of its top-selling1 dried cannabis strains, as well as a selection of disposable vape pens – all under the highly regarded and well trusted Pure Sunfarms brand.\"\n\"We are confident that consumers will respond to Pure Sunfarms' Cannabis 2.0 offerings with the same enthusiastic reception that we have seen for its dried cannabis products. The roll out of its first Cannabis 2.0 products is just one of a number of near-term catalysts for Pure Sunfarms that we believe will continue to drive Pure Sunfarms' sales and profitabilit...