Business
Village Farms International’s Board of Directors Unanimously Approves $10 Million Share Repurchase Authorization
– Authorization reflects Company’s balanced approach to capital allocation to deliver value for shareholders – – Company to close Q3 with $75 million in cash; repurchase complements ongoing organic growth initiatives – VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that its Board of Directors has unanimously approved a US $10 million share repurchase authorization for up to 5,687,0
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":"– Authorization reflects Company’s balanced approach to capital allocation to deliver value for shareholders –","length":110,"tagName":"p"},{"type":"text","content":"– Company to close Q3 with $75 million in cash; repurchase complements ongoing organic growth initiatives – ","length":107,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that its Board of Directors has unanimously approved a US $10 million share repurchase authorization for up to 5,687,000 common shares, being five percent of the Company’s issued and outstanding common shares.","length":372,"tagName":"p"},{"type":"text","content":"Founder, President and Chief Executive Officer Michael A. DeGiglio commented, “Today’s announcement reflects our Board of Directors’ confidence in the strength of our balance sheet and expected future cash flow generation to create long-term value for shareholders. We expect to close the third quarter with approximately $75 million in cash, and believe this repurchase authorization provides additional opportunity to create value for shareholders through a balanced approach to capital allocation which also includes our ongoing organic growth investments in expansion projects in Canada and the Netherlands.”","length":612,"tagName":"p"},{"type":"text","content":"The timing and amount of any shares of the Company’s common stock that are repurchased under the repurchase program will be determined by Company management based on its evaluation of market conditions and other factors. The Company may enter into an automatic plan to facilitate repurchases from time to time under the plan, in the open market or through privately negotiated transaction...