Posts Tagged “Village Farms”

Former Veggie Greenhouses Converted to Cannabis Production Headed to NASDAQ

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Over one million square feet of former vegetable greenhouse production has been converted to grow cannabis in Delta, British Columbia by Village Farms International Inc. and will be traded on the NASDAQ Capital Market.

Village Farms CEO Michael DeGiglio has said the listing is a precursor to “aggressively pursue” opportunities with hemp and cannabidiol products in the U.S. The company has a total of 130 acres (5.7 million square feet) of vegetable greenhouses in Texas that can be converted to produce hemp and CBD products, a process that could be completed in eight months or sooner.

DeGiglio has said the company might also produce hemp in open fields, but plans depend on Texas legalizing hemp.

DeGiglio said in a recent Q&A with Real Money/TheStreet that recreational marijuana and CBD production potentially can bring 10 times the margins that tomatoes do.

The company will be listed under “VFF” on NASDAQ, and continues to be listed under the same symbol on the Toronto Stock Exchange, according to a Village Farms news release.

The initial trading date on NASDAQ for Village Farms common shares has not been determined.

The company plans to report fourth-quarter/year-end financials on March 13, according to the release.

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European Mini Tomato is Introduced to North America

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Heavenly Villagio Marzano® is an authentic Mini San Marzano tomato originating in Europe and exclusive to Village Farms®, who are the first to offer this new variety to customers in North America. With a better than anticipated response and a sold out season the company is ramping up production for 2013.  Sought after by chefs and foodies alike, consumers are also asking grocers for the tomato by name.  Heavenly Villagio Marzano® is a great snacking tomato sold in convenient grab and go  1-lb and 10 oz bags.  Ideal for the health conscious consumer, it is a versatile tomato wonderful for snacking or salads, stuffed as an appetizer, cooked into a sauce, or try fire roasting to bring out the tomatoes unique flavor.

Click here to see Darren Brown, Executive Chef at Oru Restaurant, discuss Village Farms’ passion for tomatoes.

Part of Village Farms®, “Olde World Flavor™” collection, Heavenly Villagio Marzano®, “Has the authentic tomato flavor experience that is highly desired but generally lacking in many varieties on the market today”, says Helen L. Aquino, Marketing Manager for Village Farms®.  Aquino continues, “We hear this over and over again from consumers; Heavenly Villagio Marzano® has Garden Fresh Flavor™.”

Visit Village Farms® at this year’s PMA Fresh Summit in Anaheim at booth number 2510 to see all of the exclusive varieties from the Village Farms® collection or visit us at www.villagefarms.com

About Village Farms:

Village Farms leads the industry as premier grower and marketer in North America of branded, finest quality, hydroponic greenhouse grown produce. Our great tasting fresh vine ripened tomato, bell pepper, and cucumber varieties are handpicked at the peak of flavor. At Village Farms we exceed customer expectations through our unparalleled commitment to quality produce, remarkable food safety standards, and sustainable growing practices utilizing leading edge environmental stewardship principles. Our earth friendly growing methods produce vegetables 365 days a year that are healthier for people and the planet.  Village Farms is Good for the Earth®.

Source: Village Farms

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