Investor Presentation Summer 2026

Summer 2026 Corporate Update

NASDAQ: VFF

37 years

of Leadership in Controlled Environment Agriculture (CEA)

Applying excellence in plant-based consumer goods to high-growth cannabinoid opportunities globally

NASDAQ: VFF 3

One of the World's Largest Scalable Platforms to Capitalize on Increasing Demand for Regulated Cannabis

7.2 million square feet of advanced greenhouse and indoor cultivation assets across the world

Montreal, QC

65K ft2

DELTA, BC

4.8M ft2

Village Farms is winning cannabis market share globally, with demand levels that continue to increase and outpace current supply capabilities

Mega-scale greenhouse assets provide optionality to scale cost effectively over time, with long-term opportunity to repeat Canadian success in the U.S. following the April 22, 2026 Rescheduling Final Order

Proven track record in plant-based consumer goods, and industry leading cost of production, compliant capacity, and supply chain excellence are creating durable competitive advantages

Netherlands

84K ft2

NASDAQ: VFF

WEST TEXAS

2.2M ft2

(1) Gross Sales is a supplemental, non-GAAP financial measure

5

Methodically Scaling a Global Cannabis Enterprise Since 2018

Quarterly Revenue (US $M)

$52

$70 $72 $73 $70

$83

$71 $70 $65

$77

$70

$74 $78 $92

$83 $83

$77

$60

$67

$50 $50

FACILITIES

May 2018

Cannabis Produce

EXPORTS

Sept 2021

Australia

Sep 2021

Mar 2022

EU-GMP

Certification Israel

Jan 2023

Germany

Mar 2023

Completes Recertification

UK

Jan 2024

Sep 2024

Jan 2025

Delta Becomes World's Largest EU-GMP Certified Facility

New Zealand

Feb 2025

Dec 2025

May 2026

4 New European Markets Expected 2H'26

May 2026

Begins Delta 3 Conversion (1.1M ft2)

Begins 1'H Delta 2 Conversion (0.55M ft2)

Completes Phase I Facility

in Netherlands

Begins 2'H Delta 2 Conversion (0.55M ft2)

Completes Phase II Facility in Netherlands

NASDAQ: VFF 6

Recent Transaction Yielded Global Cannabis Pureplay with Industry Leading Profitability

In May 2025 Village Farms privatized the majority of its legacy Fresh Produce business through the formation of a new joint venture partnership with private investment firms.*

Village Farms sold 80 acres of Texas greenhouse assets and received $40 million in cash and a 37.9% equity ownership interest in the new parent company of Village Fresh, Verdexa Holdings.

In the TTM period since closing, Village has generated net income from continuing operations of

$25.8 million, positioning it among the most profitable cannabis companies in the world.

TTM Net Profit Margin from Cont. Ops of Top 15 Global Cannabis Companies by Market Capitalization1

3% 10% 11%

-16% -G% -8% -7% -6% -1%

-32% -26% -23% -22%

-116%

-156%

Michael A. DeGiglio

President & Chief Executive Officer of Village Farms

"This transaction positions both our legacy produce and cannabis businesses to flourish independently. This partnership makes us stronger, provides more resources to drive innovation and value for customers, and will serve as a catalyst for future growth and expansion."

1 Filings of Top 15 Public Cannabis Companies by Market Capitalization, S&P Global

* Verdexa Holdings ownership group includes private equity firms Kennedy Lewis and Sweat Equities

NASDAQ: VFF 7

D2

EU-GMP Certification and Cost D3

Excellence Provide Durable Competitive Advantages

Recent facility upgrades in British Columbia created

the world's largest EU-GMP certified cannabis facility D1

EU-GMP compliance is the gold standard of quality in European medical markets, and compliant capacity is scarce which carries favor with customers and stronger margins

Village Farms' operations benefit from economies of scale and operational excellence that help deliver industry-leading costs of production

These capabilities, combined with proven supply chain and compliance expertise provide a clear runway to service increasing demand in Canada and Internationally

DELTA 1 (D1)

2.6 M ft2

Contracted grow for Village Fresh through calendar year 2026

Available for incremental expansion to cannabis beginning in 2027

DELTA 2 (D2)

Cannabis production in 875,000 ft2

Remaining 275,000 ft2 conversion underway; once complete facility will yield ~80,000 kgs of dried flower production annually (excludes trim)

DELTA 3 (D3)

Full cannabis production:

~80,000kg of dried flower annually (excludes trim)

65,000 ft2 processing center

Tissue culture & strain development facility

NASDAQ: VFF 9

Netherlands

Medical E:ports fron Canada

$1.5 $1.5 $1.4 $1.7

1Ǫ24 2Ǫ24 3Ǫ24 4Ǫ24 1Ǫ25 2Ǫ25 3Ǫ25 4Ǫ25 1Ǫ26

$6

net sales in 1Q'26

$12

$16

$15

Int'l sales approaching ~$70M annual run rate and accounted for ~35% of total

$17

International Sales Trajectory

Rapidly Expanding International Business with Clear Runway for Continued Growth

NASDAQ: VFF 10

Village Farms Netherlands

Village Farms Netherlands serves as the Company's European HQ, where it owns 1 of 10 licenses to grow and distribute recreational cannabis in the Netherlands

Phase I construction completed in 2024 introduced

~2,000 kgs of annual production capacity to the market, and Phase II construction completed in May 2026 will bring maximum capacity to ~10,000 kgs

VF Netherlands generates strong profitability, demonstrating positive EBITDA in its first partial quarter of operations, and will ramp to full production capacity into early 2027

European HQ

Groningen, NL

NASDAQ: VFF 11

Multiple Near and Long-Term Opportunities for Revenue Growth and Value Creation

Canadian Sales Expected to Grow in line with the Domestic Market

Increasing Demand from Existing Markets

Expansion to Service New Customers and International Markets

Potential Participation in CBD Medicare Pilot Program

Phase II Facility in Netherlands Complete (5x Production Capacity)

Delta 2 Expansion in Canada to be Completed over next ~18 Months (40 metric tonnes of incremental capacity compared to FY25)

Future Expansion of Cultivation Capacity to Meet Increasing Demand

New Product and Category Introductions & Innovation

NASDAQ: VFF

Significant and Expanding Opportunity Set Across Global Cannabis

Attractive U.S. Market Optionality with Existing Asset Portfolio

Company Emerging as a Partner and Acquirer of Choice

Management and Board will Remain Prudent with Respect to Potential Activity

13

U.S. Market Opportunity

Texas assets represent

revenue opportunity in permissible regulatory environment

Marfa, TX

>0.8 M ft2 (20 acres)

950 acres of adjacent owned, unoccupied land

Permian Basin, TX

>1.3 M ft2 (30 acres)

2.2 M ft2 Located in One of the Best Growing Climates for Cannabis in Continental U.S.

Lower cost, higher yield Economies of scale Consistency of technology

Texas assets represent high-value optionality following the April 22, 2026 Rescheduling Final Order. Facilities are readily available to be converted to cannabis production with the advantage of having done so successfully in Canada.

Leading e-commerce platform in U.S. hemp-derived consumer products adjacent to the high-THC cannabis market

One of the largest brands in the hemp-derived cannabinoid market in the United States

Diverse portfolio of CBD and other cannabinoid products

Top 5 brand2

Top-ranked web site in CBD category:

> 30,000 orders monthly

2 Fact MR CBD Market Research Survey

NASDAQ: VFF 14

Financial Performance

Summary of Key Financial Metrics

Three Months Ended

March 31,

Trailing Twelve Months Ended

March 31,

(US $ millions) 2026 2025 Variance 2026 2025 Variance

(1) Gross Sales and Adjusted EBITDA from continuing operations are non-GAAP financial measures and do not have standardized meanings prescribed by GAAP. Therefore, these measures may not be comparable to similar measures presented by other issuers. Management believes that these measures are useful supplemental measures in evaluating the performance of the Company and better reflect the nature and earnings potential our business.

NASDAQ: VFF 15

Strong Balance Sheet to Support Continued Growth; Management Firmly Aligned with Shareholder Interests

(Amounts in US $ millions, except share figures)

1Q'26 Commentary

Cash

Total Debt1

Net Cash Position

$55.5

$35.7

$19.8

After $6.4 million of share repurchases, $9.2 million of capital expenditures and $15.0 million of income taxes paid in Q1, Company expects to grow its cash balance from operating cash flow through year end

Management is firmly with shareholder inter

Incentive comp tied to revenue and profitabili targets

Insider Ownership

aligned ests

ty

11%

Insider ownership as of 4/29/26

1. $20.4 million payable quarterly in a principal amount of US ~$720K, interest rate of 4.8% matures February 2029; $15.4 million payable monthly in a principal amount of US ~$164K, interest rate of 6.8% matures February 2031

2. Weighted Average Strike Price of US $3.98 3) Strike Price of US $1.65.

NASDAQ: VFF 16

Leadership Team

MICHAEL A. DEGIGLIO

Founder, President & Chief Executive Officer

A former U.S. Navy aviator, Mike is a pioneer of the North American Controlled Environment Agriculture (CEA) industry. In 1989 he founded Village Farms, serving as CEO since inception and building it into one of North Americas largest greenhouse produce growers. Prior to Village Farms, Mike founded Agro Dynamics, Inc. and was the first to introduce several new greenhouse technologies to North America. Upon the acquisition of Agro Dynamics by EcoScience, a NASDAQ listed agricultural biotechnology company, Mike served as CEO of EcoScience until the company was acquired by Village Farms in 2001.

Today, Mike remains the largest shareholder of Village Farms. He has led its evolution to a plant-based consumer products company, focused on large market, high-growth cannabinoid opportunities globally. He envisioned and has directed the execution of an aggressive growth strategy that has resulted in the creation of Canada's premiere cannabis supplier and brand and a rapidly expanding international platform while continuing to optimize U.S. operations for long-term cannabis optionality.

Mike has long believed in sustainable agriculture practices and early on recognized the importance of CEA in this regard, driving Village Farms to be a pioneer and innovator. He has also been instrumental its use of alternative renewable energy sources, which led to founding Village Farms Clean Energy. Prior to his business career, Mike served on active duty in the U.S. Navy as an officer and jet aviator from July 1976 through January 1983, and the Naval Air Reserves from 1983 to 2001, retiring at the rank of Captain with the United States Naval Reserve. Michael received a Bachelor of Science degree in Aeronautical Science and Aviation Management from Embry Riddle Aeronautical University in Daytona Beach, Florida.

STEPHEN RUFFINI

Executive Vice President, Chief Financial Officer

JOHN P. HARLOE, J.D., PH.D.

Counsel - Global Cannabis

PAUL FURFARO

President - Global Commercial

ANN GILLIN LEFEVER

Chief Operating Officer

YVONNE TRUPIANO

EVP, Chief Human Resources Officer

VALENTINE VAILLANT

Global Head

Cannabis Growth Strategy

BRIAN STEVENSON

Chief Strategy Officer

ORVILLE BOVENSCHEN

President - Global Operations

SAM GIBBONS

Senior Vice President Corporate Affairs

NASDAQ: VFF 17

Village Farms Clean Energy (VFCE), through a partnership with Atlanta-based Terreva Renewables, creates renewable natural gas from landfill gas at its Delta RNG facility. VFCE receives royalties on all revenue generated and contributes positive quarterly net income to the Company.

NASDAQ: VFF 18

INVESTOR CONTACT

Sam Gibbons

SVP, Corporate Affairs sgibbons@villagefarms.com

HEADQUARTERS

Corporate USA

Village Farms International 90 Colonial Center Parkway, Lake Mary, Florida 32746

(407) 936-1190

Corporate Canada Village Farms International 4700-80th Street

Delta, British Columbia

V4K 3N3 CANADA (604) 940-6012

NASDAQ: VFF 19