Village Farms Q1 net loss $6.7M; announces $40M produce privatization; Canadian cannabis EBITDA +64%

Village Farms International, Inc.

Consolidated net loss $6.7M ($0.06 per share) vs $2.9M ($0.03); adjusted EBITDA fell to $0.1M from $3.6M.
Canadian Cannabis net income +258% to $3.0M; adjusted EBITDA +64% to $6.7M; international export sales +285% YoY.
Fresh Produce gross margin negative $4.2M due to $4.3M dust storm accounting charge; sales up 4% to $37.4M.
Announced privatization of Fresh Produce assets: Village Farms receives $40M cash and 37.9% stake in Vanguard Food LP; expected close Q2 2025.
Received Nasdaq extension to Oct 13, 2025 to regain $1 bid price compliance; refinanced Canadian cannabis loans.

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