Netherlands expands regulated cannabis program to 10 municipalities; Village Farms holds one of ten licenses

Village Farms International, Inc.

Netherlands increases coffee-shop municipalities from 2 to 10 after successful start-up phase.
Village Farms, via majority-owned Leli Holland, holds one of ten licenses for the Dutch Program.
Production at Drachten facility scheduled to start Q4 2024; sales expected Q1 2025.
Dutch Program minimum annual supply requirement ~65,000 kg of dried flower; potential national expansion.
Company leverages EU-GMP certification for other European markets.

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