Seattle, Washington--(Newsfile Corp. - October 23, 2018) - FN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article and exclusive executive video interview discussing how Village Farms International Inc. (TSXV: VFF) (OTCQX: VFFIF) is leveraging its 30 years of experience as a vertically integrated greenhouse grower for the rapidly emerging global cannabis opportunity. The company is initially focused in Canada through its 50% ownership of British Columbia-based joint venture Pure Sunfarms Corp., which is rapidly expanding cannabis production and on track to be one of the single largest cannabis growing operations in the world. Expansion into cannabis production is expected to significantly transform the earnings power of Village Farms.
If the video does not appear, please follow the link to watch on YouTube:
Pure Sunfarms has completed conversion of and is growing cannabis in the first half of its 1.1 million square foot state-of-the-art greenhouse in Delta, British Columbia for supply to the legal adult-use market in Canada. Conversion of the remaining 550,000 square feet continues to progress on plan and remains on schedule for completion before the end of this year. In addition, Pure Sunfarms has the potential to expand production in Canada to 4.8 million square feet through options on two additional greenhouses currently owned by Village Farms that are immediately adjacent to the 1.1 million square foot facility.
The technologically-advanced Pure Sunfarms greenhouse design is based on decades of large-scale, low-cost agricultural production experience and extensive cannabis expertise, resulting in a state-of-the-art facility with 17 grow rooms optimized for year-round harvesting (more than 85 harvests annually) and an automated processing line encompassing harvesting, trimming, drying and packaging.
Village Farms reports that Pure Sunfarms' production ramp up is exceeding expectations. There are currently multiple strains in production, and the company is selling product to other Licensed Producers for the newly-christened legal adult-use market, as it advances toward potential distribution agreements with provincial government buyers. Importantly, Pure Sunfarms is well on its way to attaining its stated goal of achieving a production cost below $1/gram and becoming the low-cost producer in Canada.
Beyond Canada, independent of the Pure Sunfarms joint venture, Village Farms owns and operates 5.7 million square feet of greenhouse facilities (including one of the most technologically advanced greenhouses in the world) in West Texas, one of the best growing environments in North America. With unmatched operational capabilities in large-scale, low-cost growing, Village Farms is uniquely positioned for potential future opportunities in industrial hemp and/or cannabis, should those products be legalized under the relevant jurisdictions. Village Farms' CEO, Michael DeGiglio, believes the additional learnings gained through the conversion and production ramp at the Pure Sunfarms facility in Canada will be of tremendous value as the company pursues U.S. and other international opportunities.
Please follow the link to read the full article and see the video: http://www.cannabisfn.com/village-farms-exclusive-onsite-video-interview/
About CFN Media
CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.
Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany.
Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8.
Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com.
CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the 'Site') is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate.
CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/.