Business
Village Farms International Announces Transformative Transaction to Privatize its Fresh Produce Business
– Company to privatize certain assets of its Fresh Produce segment; enter supply agreements for retained assets – – Village Farms and private investment firms create privately held joint venture through transaction – – Village Farms’ Fresh segment to become cornerstone of NewCo’s commercial operations and growth strategy – – Village Farms expected to receive $40 million in cash proceeds; 37.9% equity ownership interest in NewCo – – VFF retains ownership of all Canadian cultivation assets; Marfa
About this update from Village Farms International, Inc.
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