Highest-materiality recent filing
Village Farms names Hamid Shekarchi Interim CFO; Ruffini moves to M&A role
Hamid Shekarchi appointed Interim CFO effective Sept 10, 2026; previously CFO of Canadian Cannabis business.
Village Farms Q2 2026: net income $7.1M, record cannabis revenue $53.5M, exports up 74%
Consolidated net sales $64M, up 27% sequentially and 7% YoY; net income $7.1M ($0.06/share).
Village Farms sets Q2 2026 earnings release for August 10, 2026
Earnings release expected on August 10, 2026 at 7:00 a.m. ET.
Village Farms raises $15M via registered direct offering of 7.5M shares at $2.00
Offering of 7,500,000 common shares at $2.00 per share; gross proceeds ~$15 million.
Village Farms prices $15M registered direct offering of 7.5M shares from institutional investors
Gross proceeds of $15M from sale of 7.5M common shares at $2.00/share (implied).
All seven board nominees elected with 89% to 99% of votes cast; Michael DeGiglio received 98.97% support.
Village Farms Q1 net income $2.9M; international export sales up 171%, adj. EBITDA +118%
Consolidated net sales up 27% to $50.2M; net income of $2.9M ($0.03 per share); fourth consecutive quarter of positive net income.
Village Farms to release Q1 2026 results on May 11, 2026, with conference call at 8:30 a.m. ET
Q1 2026 financial results to be released on May 11, 2026 at 7:00 a.m. ET.
CFO Stephen Ruffini to transition after 17 years; will lead M&A
Ruffini remains CFO until permanent replacement identified; will then assume new role leading M&A activities.
Village Farms extends FCC loan maturity to 2031, cuts rate by 50 bps
Loan maturity extended four years to February 3, 2031; interest rate reduced by 50 basis points.
Village Farms files Q4/2025 earnings press release; no specific figures in filing
Press release furnished as Exhibit 99.1 but not included in the provided filing text.
Village Farms to report Q4 and FY2025 results on March 12, 2026
Results will be released before market open on March 12, 2026, followed by a conference call at 8:30 a.m. ET.
Village Farms upsizes Canadian cannabis credit facility by CAD $15M, extends maturity to Feb 2029
Loan commitments increased by CAD $15M; initial CAD $5M drawn on Feb 20, 2026.
Village Farms Q3 2025 results released; no detailed financials in this filing
Company issued earnings release for Q3 ended September 30, 2025, but specific numbers are not included in the current filing.
Village Farms to report Q3 2025 results on Nov 10, 2025
Press release with Q3 2025 results to be issued Nov 10, 2025 at 7:00 a.m. ET.
Village Farms approves $10M share buyback for up to 5.7M shares (5% of outstanding)
Board unanimously authorized a US$10M share repurchase program covering up to 5,687,000 common shares (5% of outstanding).
Village Farms announces Q2 2025 results; specific figures not included in filing
Press release issued on August 11, 2025 covering second quarter ended June 30, 2025.
Village Farms to convert 550k sq ft Delta 2 greenhouse to cannabis, adding 40 tonnes/yr
Delta 2 conversion of 550,000 sq ft to cannabis production; adds 40 metric tonnes annual capacity.
Village Farms announces Q2 2025 earnings release and conference call for August 11
Q2 2025 financial results will be reported on August 11, 2025, before market open.
Village Farms shareholders elect all director nominees, ratify KPMG as auditor
All seven director nominees elected at annual meeting; John R. McLernon received 89.08% votes for.
Village Farms regains Nasdaq compliance with minimum bid price rule
Received formal notice from Nasdaq on June 9, 2025 confirming compliance with $1.00 minimum bid price (Rule 5550(a)(2)).
Village Farms completes produce business contribution to Vanguard for $40M cash and 37.9% stake
Received $40M cash ($5M escrowed) and 37.9% equity in Vanguard Food LP; investors contributed $55M.
Village Farms closes produce privatization, net cash, focused on cannabis
Transaction closed May 30, 2025; Company now in net cash position.
Village Farms sells produce business assets for $40M, forms JV with Kennedy Lewis
Base purchase price of $40M for sale of produce business assets to Vanguard entities; $5M escrow.
Village Farms contributes produce business to Vanguard for $40M cash and 37.9% equity stake
VF Sellers will contribute produce assets to Vanguard; Initial Investors add $55M for 62.1% equity.
Village Farms to privatize Fresh Produce segment; gets $40M cash, 37.9% stake
Village Farms enters definitive agreement to privatize certain Fresh Produce assets (Marfa II, Fort Davis greenhouses, IP, distribution) into new company Vanguard.
Village Farms Q1 net loss $6.7M; announces $40M produce privatization; Canadian cannabis EBITDA +64%
Consolidated net loss $6.7M ($0.06 per share) vs $2.9M ($0.03); adjusted EBITDA fell to $0.1M from $3.6M.
Village Farms reschedules Q1 2025 earnings release and conference call
Earnings release moved to May 12, 2025 after market close (originally May 6).
Village Farms Q1 2025 earnings to be released May 6 with conference call
Q1 2025 financial results to be reported on May 6, 2025, before market open.
Consolidated three prior loans into one facility; C$37.4M capacity, C$27.4M drawn.
VFF fails to regain Nasdaq compliance by initial deadline; granted 180-day extension to Oct 13, 2025
Initial 180-day compliance period ended April 16, 2025; bid price remained below $1.00.
Village Farms amends FCC credit agreement; new $5M minimum liquidity covenant
Adds Village Farms as borrower and VF Clean Energy as new guarantor.
Village Farms Q4 sales up 11% to $82.6M; net loss narrows to $8.6M; non-cash impairment $10.5M
FY2024 revenue $336.2M (+18% YoY); Q4 revenue $82.6M (+11% YoY).
Village Farms to release Q4/FY 2024 results on March 13, 2025
Press release confirms earnings date: March 13, 2025, before market open.
Village Farms Q3 sales up 20% to $83.4M; net loss narrows; Canadian cannabis sales +27%
Consolidated sales rose 20% YoY to $83.4M; net loss narrowed to $0.8M ($0.01/share) from $1.3M.
Village Farms selected as only cannabis operator to testify at DEA marijuana rescheduling hearing
VFF is one of 25 participants selected for DEA ALJ hearing on rescheduling marijuana from Schedule I to III.
Village Farms schedules Q3 2024 earnings release for November 7
Q3 2024 results to be released November 7 before market open.
Village Farms receives Nasdaq non-compliance notice for bid price below $1.00
Nasdaq notified Village Farms on Oct 18, 2024 that its common shares closed below $1.00 from Sept 6 to Oct 17, 2024.
Village Farms acquires remaining 15% of Leli Holland, completes Drachten facility
Acquired remaining 15% equity interest in Leli Holland, increasing ownership to 100%.
Village Farms to present at Benzinga Cannabis Capital Conference in Chicago
Participation at Benzinga Cannabis Capital Conference on October 8-9, 2024 in Chicago.
Village Farms CEO Michael DeGiglio enters new three-year employment agreement
Base salary set at $1,022,880/year, increased 4% retroactive to May 15, 2024.
Village Farms dismisses PwC, appoints KPMG as auditor; two material weaknesses unremediated
Audit Committee approved dismissal of PwC and appointment of KPMG, effective August 8, 2024.
Village Farms Q2: record revenue $92.1M (+19% YoY); Canadian cannabis sales up 45%, net loss $23.5M
Canadian cannabis net sales up 45% to $40.7M record; retail branded +38%; gross margin fell to 26% from 38%.
Village Farms to report Q2 2024 results on August 8, 2024
Q2 2024 earnings release scheduled for August 8, 2024 at 7:00 a.m. ET.
Base salary of $475,000 per year; target bonus of 50% of base salary under annual STIP.
Village Farms annual meeting elects directors; say-on-pay passes with 73% support
Directors McLernon, Mahoney, Hauger, DeGiglio, Ruffini elected with over 89% votes for; Henry, Holewinski, Woodward received ~74-75% for (25% withheld).
Village Farms to present at iAccess Alpha Virtual Conference on June 25-26, 2024
CEO Michael DeGiglio presents on June 25 at 10:30 a.m. ET with live webcast.
Village Farms reminds shareholders to vote for June 28 annual meeting
Annual meeting to be held virtually on June 28, 2024 at 12:00 p.m. ET.
Netherlands increases coffee-shop municipalities from 2 to 10 after successful start-up phase.
Village Farms extends C$10M revolving credit line to May 2027, adds borrowing flexibility
Amended credit agreement with BMO extends maturity of C$10M Operating Loan to May 24, 2027.
On September 10, 2026, the Company also announced that, as of the Effective Date, Stephen Ruffini will cease serving as CFO, but will continue serving as the Company Secretary and begin serving as the Head of M&A for the Company and as an advisor to the Chief Executive Officer of the Company and remain a full-time employee of the Company.
On September 10, 2026, the Company announced the appointment of Hamid Shekarchi as Interim Chief Financial Officer (“CFO”), effective as of September 10, 2026
On May 13, 2024, Village Farms International, Inc. (the “Company”) announced the appointment of Carolyn Hauger as an independent member of its Board of Directors.
On April 24, 2024, Village Farms International, Inc. (the "Company") appointed Ann Gillen Lefever, age 60, as its Chief Operating Officer.
On August 18, 2023, Mandesh Dosanjh notified the Company that he was stepping down from his position as President and Chief Executive Officer of Pure Sunfarms, Inc.
Mr. Dosanjh has since been succeeded by Orville Bovenschen as the new President of Pure Sunfarms.
On February 27, 2023, Village Farms International, Inc. (the “ Company ” or “ Village Farms ”) announced the appointment of Kathy Mahoney as an independent member of its board of directors (the “ Board ”), effective March 10, 2023.
Max materiality 0.85 · Median 0.55 · Most common event other_material