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Village Farms International's Cannabis Joint Venture Pure Sunfarms Begins Shipping Branded Product to British Columbia Provincial Wholesaler
VANCOUVER, Oct. 4, 2019 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (TSX: VFF) (NASDAQ: VFF) today announced its
About this update from Village Farms International, Inc.
[{"type":"text","content":"VANCOUVER, Oct. 4, 2019 /PRNewswire/ - Village Farms International, Inc. (\"Village Farms\" or the \"Company\") (TSX: VFF) (NASDAQ: VFF) today announced its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has begun shipping branded, packaged dried cannabis products to the British Columbia Liquor Distribution Branch (the \"BCLDB\"), which acts as the provincial wholesaler of non-medical cannabis, supplying licensed private retailers and the government-run online store and stand-alone BC Cannabis Stores. Pure Sunfarms expects its first products to soon be available to retail customers in British Columbia.\nPure Sunfarms began shipping product to the Ontario provincial wholesaler, the Ontario Cannabis Retail Corporation (the \"OCRC\", operating as the Ontario Cannabis Store), in September. Combined, Ontario and British Columbia comprise more than half of Canada's population.\n\"It's a testament to Pure Sunfarms' product quality, reputation and team, that in less than four weeks following the long-awaited receipt of its license amendment to sell directly to provincial wholesalers on September 6, it is now shipping its proudly BC-grown product to its second provincial customer, adding its home province of British Columbia to Canada's largest province, Ontario, where its products are already available,\" said Michael DeGiglio, CEO, Village Farms.\nPure Sunfarms continues to advance discussions with other provincial distributors for potential supply agreements to further expand its presence in the Canadian cannabis market.\nAbout Village Farms International, Inc.Village Farms is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada. Village Farms produces and distributes fresh, premium-quality produce with consistency 365 days a year to national grocers in the U.S. and Canada from more than nine million square feet of Controlled Environment Agriculture (CEA) greenhouses in British Columbia and Texas, as well as from its partner greenhouses in British Columbia, Ontario and Mexico. The Company is now leveraging its 30 years of experience as a vertically integrated grower for the rapidly emerging global cannabis opportunity through its 50% ownership of British Columbia-based Pur...