Village Farms boosts Rose LifeScience stake to 80% for C$4.1M; deal immediately accretive

Village Farms International, Inc.

Acquired additional 10% interest in Rose LifeScience for C$4.1 million cash, raising ownership to 80%.
Rose sales have grown more than 300% since Village Farms' initial 70% acquisition in late 2021.
Purchase is immediately accretive to Adjusted EBITDA and Net Income per the press release.
Co-founders Davide Zaffino and Brian Stevenson sold their shares but remain as CEO and COO, jointly retaining 20%.

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