Village Farms International Announces that Emerald Shareholders Have Voted in Favour of the Sale of Emerald's Stake in Pure Sunfarms to Village Farms

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[{"type":"text","content":"VANCOUVER, BC, Oct. 29, 2020 /PRNewswire/ - Village Farms International, Inc. (\"Village Farms\" or the \"Company\") (NASDAQ: VFF) (TSX: VFF) today announced that the shareholders of Emerald Health Therapeutics, Inc. (\"Emerald\"), at Emerald's annual and special meeting earlier today voted in favour of the sale of Emerald's 36,958,500 common shares of Pure Sunfarms Corp. (\"Pure Sunfarms\"), representing approximately 41.3% of the issued and outstanding common shares of Pure Sunfarms, to Village Farms (the \"Pure Sunfarms Transaction\").\nWith the Pure Sunfarms Transaction approved by Emerald's shareholders, Village Farms expects to complete the Pure Sunfarms Transaction in the coming days, once Emerald receives formal TSX-V approval and all the other closing conditions have been satisfied. Upon completion of the Pure Sunfarms Transaction, Village Farms will own 100% of the common shares of Pure Sunfarms.\nAbout Village Farms International, Inc.\nVillage Farms is one of the largest and longest-operating greenhouse growers in North America, and is leveraging its decades of experience as a large-scale, low-cost intensive agriculture and vertically integrated produce supplier to pursue high-value, high-growth plant-based Consumer Packaged Goods opportunities in cannabis and CBD in North America and selected markets internationally.\nIn Canada, British-Columbia-based Pure Sunfarms is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer, one of the best-selling brands, and has generated profitability for six consecutive quarters.\nIn the U.S., subject to compliance with all applicable U.S. federal and state laws, Village Farms is pursuing a strategy to become a leading developer and supplier of branded and white-labeled CBD products targeting \"big box\" and other major retailers and consumer packaged goods companies, and with one the largest greenhouse operations in country, is well positioned for the potential federal legalization of high-THC cannabis.\nInternationally, Village Farms is strategically targeting selected, nascent, legal cannabis and CBD opportunities with significant long-term potential, with an initial focus on the Asia-Pacific region through its investment in Australia-based Altum International.\nCautionary Statement Regarding Forward-Looking Information\nThis press relea...

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