Business
Village Farms International Granted 180-Day Extension to Meet NASDAQ Minimum Bid Price Requirement
VANCOUVER, British Columbia, April 21, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that on April 21, 2025, it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq approved the Company’s request for a 180-calendar day extension (the “Extension”) to regain compliance with the minimum closing bid price of US$1.00 per share listing requirement (NASDAQ Listing Rule 5550(a)(2)). The Extension follo
About this update from Village Farms International, Inc.
[{"type":"image","alt":"Village Farms International, Inc.","displaySize":"","headline":null,"caption":"Village Farms International, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":78,"url":"https://media.zenfs.com/en/globenewswire.com/287d2e65e212ae24e86f99840dab4a9a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/t4ycqr17moMGKd8RtjVgeQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/287d2e65e212ae24e86f99840dab4a9a","width":300,"height":78}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, April 21, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that on April 21, 2025, it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq approved the Company’s request for a 180-calendar day extension (the “Extension”) to regain compliance with the minimum closing bid price of US$1.00 per share listing requirement (NASDAQ Listing Rule 5550(a)(2)). The Extension follows the expiration on April 16, 2025 of the initial 180-calendar day period to regain minimum closing bid price compliance. As a result of the Extension, the Company now has until October 13, 2025 (the “New Compliance Period”) to regain compliance with the Minimum Bid Requirement.","length":785,"tagName":"p"},{"type":"text","content":"The Notification has no immediate effect on the listing of the Company’s common shares on the Nasdaq Capital Market. During the New Compliance Period, Village Farms common shares will continue to trade on the Nasdaq Capital Market. If at any time before October 13, 2025, the bid price of Village Farms’ common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, it is expected that Nasdaq would notify the Company that it has regained compliance with the Minimum Bid Requirement.","length":519,"tagName":"p"},{"type":"text","content":"In the event the Company does not regain compliance with the Minimum Bid Requirement by October 13, 2025, the Company may be subject to delisting of the common shares from the Nasdaq Capital Market, at which time the Company may request a review of the delisting determination by a Nasdaq Hearings Panel.","length":304,"tagName":"p"},{"type":"text","content":"About Village Farms International","le...