Village Farms approves $10M share buyback for up to 5.7M shares (5% of outstanding)

Village Farms International, Inc.

Board unanimously authorized a US$10M share repurchase program covering up to 5,687,000 common shares (5% of outstanding).
Company expects to close Q3 with approximately $75 million in cash, funding buyback alongside organic growth investments.
Repurchases may occur on the open market or via private transactions, with timing based on market conditions.
Program does not obligate the company to purchase any specific amount; may be suspended or discontinued at any time.
CEO cites confidence in balance sheet and future cash flow generation to create long-term shareholder value.

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