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Village Farms International Inc.

TSX Exchange | Jul 3, 2020, 10:56 PM EDT | Real-time price

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Village Farms International Announces Election of Directors

Canada NewsWire

VANCOUVER, BC, June 25, 2020 /CNW/ - Village Farms International, Inc. (the "Company" or "Village Farms") (NASDAQ: VFF) (TSX: VFF) announced today that all of the director nominees listed in the management information circular dated May 22, 2020 were elected as directors of the Company at the annual and special meeting of shareholders held earlier today (the "Meeting"). The results of the vote for each nominee director are set out below:

Nominee

Proxy Votes For

Proxy %     For

Proxy Votes Withheld

Proxy % Withheld

Michael A. DeGiglio

17,366,234

98.9%

195,599

1.1%

John P. Henry

17,391,611

99.0%

170,222

1.0%

David Holewinski

17,300,308

98.5%

261,525

1.5%

John R. McLernon

16,581,558

94.4%

980,275

5.6%

Stephen C. Ruffini

17,113,977

97.5%

447,856

2.5%

Christopher C. Woodward

17,016,997

96.9%

544,836

3.1%

In addition, PricewaterhouseCoopers LLP was appointed auditor of the Company to hold office until the next annual meeting of shareholders and the directors were authorized to fix the auditor's remuneration and the Company's quorum-related by-law amendment was ratified.

Final voting results of all matters voted on at the Meeting will be made available on SEDAR at www.sedar.com.

About Village Farms International, Inc.

Village Farms is one of the largest and longest-operating vertically integrated greenhouse growers in North America. Village Farms produces and distributes fresh, premium-quality produce with year-round distribution to national grocers in the U.S. and Canada from more than nine million square feet of Controlled Environment Agriculture (CEA) greenhouses in Canada and the U.S., as well as from its partner greenhouses in Canada and Mexico. The Company is leveraging its 30 years of experience as a large-scale, low-cost vertically integrated grower for the rapidly emerging global cannabis and CBD opportunities. In Canada, British-Columbia-based Pure Sunfarms (majority-owned by Village Farms) is one of the single largest cannabis operations in the world and one of the best-selling brands in the country. In the U.S., subject to compliance with all applicable U.S. federal and state laws, the Company is pursuing a strategy become a leading developer and supplier of branded and white-labeled CBD products targeting "big box" and other major retailers and consumer packaged goods companies, and with one the largest greenhouse operations in country, is well positioned for the potential federal legalization of high-THC cannabis.

Cision View original content:http://www.prnewswire.com/news-releases/village-farms-international-announces-election-of-directors-301083898.html

SOURCE Village Farms International, Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/June2020/25/c8551.html

Lawrence Chamberlain, Investor Relations, LodeRock Advisors, (416) 519-4196, lawrence.chamberlain@loderockadvisors.comCopyright CNW Group 2020

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