Village Farms International : Investor Presentation Summer 2026

About this update from Village Farms International, Inc.

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 Key Investment Highlights One of the World's Largest Scalable Platforms to Capitalize on Increasing Demand for Regulated Cannabis Recent Transaction Yielded Global Cannabis Pureplay with Industry Leading Profitability EU-GMP Certification and Cost Excellence Provide Durable Competitive Advantages Rapidly Expanding International Business with Clear Runway for Continued Growth Multiple Near and Long-Term Opportunities for Revenue Growth and Value Creation Strong Balance Sheet to Support Continued Growth; Management Firmly Aligned with Shareholder Interests NASDAQ: VFF 4 One of the World's Largest Scalable Platforms to Capitalize on Increasing Demand for Regulated Cannabis $288M TTM Gross Sales (1Q26)* 7.2 million square feet of advanced greenhouse and indoor cultivation assets across the world Montreal, QC 65K ft 2 DELTA, BC 4.8M ft 2 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 ft 2 NASDAQ: VFF 7.2M ft 2 ~30% Cannabis Utilization Today WEST TEXAS 2.2M ft 2 (1) Gross Sales is a supplemental, non-GAAP financial measure 5 Transformative transaction to privatize legacy produce business creates global cannabis pureplay Methodically Scaling a Global Cannabis Enterprise Since 2018 Quart erl y 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 ft 2 ) Begins 1'H Delta 2 Conversion (0.55M ft 2 ) Completes Phase I Facility in Netherlands Begins 2'H Delta 2 Conversion (0.55M ft 2 ) 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 Capitalization 1 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 Our Brands Around the World From Quebec, with love. NASDAQ: VFF 8 D2 EU-GMP Certification and Cost D3 DELTA, BC 4.8M ft 2 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 ft 2 Contracted grow for Village Fresh through calendar year 2026 Available for incremental expansion to cannabis beginning in 2027 DELTA 2 (D2) 1.1 M ft 2 Cannabis production in 875,000 ft 2 Remaining 275,000 ft 2 conversion underway; once complete facility will yield ~80,000 kgs of dried flower production annually (excludes trim) DELTA 3 (D3) 1.1 M ft 2 Full cannabis production: ~80,000kg of dried flower annually (excludes trim) 65,000 ft 2 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 MODERATE / EMERGING MARKETS ACTIVE / ADVANCED MARKETS Active Export Markets: Australia (minority ownership of Altum Intl) Germany (minority ownership of Avextra AG) New Zealand UK Company Facilities: Lake Mary, Florida Global HQ Delta, British Columbia 4.8M ft 2 Greenhouse Montreal, Quebec 65,000 ft 2 Indoor Denver, Colorado Manufacturing Marfa, Texas 2.2M ft 2 Greenhouse Drachten, Netherlands 22,600 ft 2 Indoor Groningen, Netherlands 60,900 ft Indoor 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 Organic Sales Growth 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 Accretive Growth Investments 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 Strategic M&A / Partnerships 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 $400M+ revenue opportunity in permissible regulatory environment Marfa, TX >0.8 M ft 2 (20 acres) 950 acres of adjacent owned, unoccupied land Permian Basin, TX >1.3 M ft 2 (30 acres) 2.2 M ft 2 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 Provides Additional Pathway to High-THC Cannabis Market in the US Diverse portfolio of CBD and other cannabinoid products Top 5 brand 2 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 Gross Sales 1 $66.1 $53.6 23.3% $288.2 $259.8 10.9% Net Sales $50.2 $39.7 26.6% $226.5 $193.6 17.0% Gross Profit $21.0 $14.2 48.0% $94.5 $48.8 93.8% % Margin 41.8% 35.7% 604 bps 41.7% 25.2% 1,653 bps SG&A Expenses $15.9 $14.6 9.0% $61.6 $62.1 -0.8% SG&A Expenses (% of sales) 31.7% 36.8% -511 bps 27.2% 32.1% -488 bps Income (loss) from continuing operations $2.7 ($2.1) $4.8 $25.8 ($25.2) $51.0 Income (loss) from discontinued operations, net of tax $0.0 ($5.0) $5.0 $16.1 ($14.9) $31.0 Net Income (loss) attributed to shareholders $2.9 ($6.7) $9.6 $42.1 ($39.7) $81.8 Basic EPS $0.03 ($0.06) $0.09 $0.38 ($0.36) $0.74 Diluted EPS $0.02 ($0.06) $0.08 $0.35 ($0.35) $0.70 Adjusted EBITDA from continuing operations 1 $9.3 $4.0 133.7% $55.2 $11.0 401.8% % Margin 18.6% 10.1% 853 bps 24.4% 5.7% 1,869 bps (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 Debt 1 Net Cash Position March 31, 2026 $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 March 31, 2026 Common Shares Outstanding 114,288,686 RSUs 2,106,376 Options 2 4,854,220 Warrants 3 15,298,900 Fully Diluted Shares Outstanding 136,548,182 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 $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 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 [email protected] 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 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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