Overview
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- TickerVFF on Nasdaq2
- IndustryAgricultural Production-Crops2
- HeadquartersDelta, Canada2
- Incorporated inOntario, Canada3
- Business address90 Colonial Center Pkwy, Lake Mary, Fl 327463
- Filer categoryAccelerated filer, Smaller reporting company3
- Legal formCompany (includes community contribution company and unlimited liability company)2
- LEI529900TR69X5FFZ6K9552
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address4700-80th Street, V4K 3N3 Delta, Canada2
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Our mission is to apply decades of innovation in intensive agriculture to build a sustainable path forward for the global cannabis industry. To achieve this, we are building upon over three decades of leadership in Controlled Environment Agriculture ("CEA"), asset development and management, marketing of plant-based consumer packaged goods to deliver a full suite of recreational and medicinal products and brands to regulated cannabis markets across the world.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
40.6%Gross margin6
15.0%Net margin6
10.2%Revenue growth, 20256
10.8%Return on equity6
0.10×Debt to equity6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Cannabis Canada brought in 76% of the revenue Village Farms International, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cannabis Canada | $114.0M | $148.9M | $163.7M |
| Produce Business | $28.7M | $28.9M | $26.3M |
| Cannabis United States | $20.3M | $17.4M | $14.4M |
| Cannabis Netherlands | $9.9M | ||
| Energy Business | $752.0K | $1.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue55¢$128.3M
- Selling, general and admin26¢$60.3M
- Interest1¢$2.7M
- Income tax4¢$10.4M
- Profit14¢$32.4M
Out of $215.9M in revenue.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Sales | $215.9M | $195.9M | $163.1M |
| Cost of sales | -$128.3M | -$150.1M | -$115.2M |
| Gross profit | $87.7M | $45.8M | $48.0M |
| Selling, general and administrative expenses | -$60.3M | -$61.7M | -$56.7M |
| Interest expense | -$2.7M | -$3.4M | -$4.5M |
| Interest income | $1.2M | $914.0K | $1.0M |
| Foreign exchange gain (loss) | $1.6M | -$2.8M | $602.0K |
| Other income | $4.2M | $4.0M | $32.0K |
| Goodwill and intangible asset impairments | $0 | -$11.9M | -$14.0M |
| Other impairments | -$217.0K | -$439.0K | $0 |
| Income (Loss) before taxes and loss from equity method investments | $31.4M | -$29.6M | -$25.6M |
| (Provision for) recovery of income taxes | -$10.4M | $1.7M | -$7.5M |
| Income on equity method investments | $0 | $0 | $0 |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total | $21.0M | -$27.9M | -$33.1M |
| Income (loss) from discontinued operations, net of tax | $11.1M | -$7.7M | -$1.7M |
| Income (loss) including non-controlling interests | $32.1M | -$35.6M | -$34.8M |
| Less: net loss (income) attributable to non-controlling interests, net of tax | $336.0K | -$207.0K | $21.0K |
| Income (loss) from discontinued operations, net of tax | $32.4M | -$35.9M | -$34.8M |
| Basic income (loss) per share attributable to Village Farms International, Inc. shareholders Continuing operations | $0 | -$0 | -$0 |
| Basic income (loss) per share attributable to Village Farms International, Inc. shareholders, Discontinued operations | $0 | -$0 | -$0 |
| Earnings Per Share, Basic, Total | $0.29 | -$0.32 | -$0.32 |
| Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders from, Continuing operations | $0 | -$0 | -$0 |
| Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders , Discontinued operations | $0 | -$0 | -$0 |
| Earnings Per Share, Diluted, Total | $0.27 | -$0.32 | -$0.32 |
| Basic | 113.3M shares | 111.4M shares | 108.7M shares |
| Diluted | 118.5M shares | 111.4M shares | 108.7M shares |
| Foreign currency translation adjustment | $10.2M | -$16.3M | $4.2M |
| Comprehensive income (loss) including non-controlling interests | $42.3M | -$51.9M | -$30.6M |
| Less: comprehensive (income) loss attributable to non-controlling interests | -$206.0K | $665.0K | -$436.0K |
| Comprehensive income (loss) attributable to Village Farms International, Inc. shareholders | $42.1M | -$51.2M | -$31.0M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $81.2M | $24.6M | ||
| Restricted cash | $5.1M | $0 | ||
| Trade receivables, net | $23.2M | $22.2M | ||
| Inventories, net | $41.5M | $41.3M | ||
| Other receivables | $324.0K | $247.0K | ||
| Prepaid expenses and deposits | $3.2M | $2.8M | ||
| Current assets of discontinued operations (Note 10) | $0 | $24.9M | ||
| Total current assets | $154.4M | $116.0M | ||
| Property, plant and equipment, net | $185.7M | $175.2M | ||
| Investments | $6.3M | $2.7M | ||
| Goodwill | $44.4M | $42.3M | $55.9M | |
| Intangibles, net | $23.6M | $25.1M | ||
| Deferred tax asset | $694.0K | $1.0M | ||
| Right-of-use assets | $4.1M | $4.4M | ||
| Other assets | $3.9M | $2.2M | ||
| Non-current assets of discontinued operations (Note 10) | $0 | $20.4M | ||
| Total assets | $423.1M | $389.3M | ||
| Line of credit | $0 | $4.0M | ||
| Trade payables | $15.7M | $11.3M | ||
| Current maturities of long-term debt | $4.9M | $8.1M | ||
| Accrued sales taxes | $8.7M | $8.7M | ||
| Accrued loyalty program | $541.0K | $1.0M | ||
| Accrued liabilities | $13.4M | $9.0M | ||
| Lease liabilities - current | $1.2M | $1.1M | ||
| Income tax payable | $12.2M | $51.0K | ||
| Other current liabilities | $1.9M | $1.1M | ||
| Current liabilities of discontinued operations (Note 10) | $0 | $17.9M | ||
| Total current liabilities | $58.6M | $62.2M | ||
| Long-term debt | $28.8M | $32.4M | ||
| Deferred tax liability | $18.5M | $19.9M | ||
| Lease liabilities - non-current | $3.9M | $4.2M | ||
| Other liabilities | $3.3M | $2.2M | ||
| Non-current liabilities of discontinued operations (Note 10) | $0 | $4.4M | ||
| Total liabilities | $113.0M | $125.3M | ||
| Redeemable non-controlling interests | $10.2M | $10.0M | ||
| Common stock, no par value per share - unlimited shares authorized ;115,722,312 shares issued and outstanding at December 31, 2025 and 112,337,049 shares issued and outstanding at December 31, 2024. | $392.4M | $387.3M | ||
| Additional paid in capital | $29.4M | $30.6M | ||
| Accumulated other comprehensive loss | -$9.3M | -$18.9M | ||
| Retained earnings | -$112.6M | -$145.0M | ||
| Total shareholders' equity | $299.9M | $254.0M | $300.3M | $303.8M |
| Total liabilities, mezzanine equity and shareholders equity | $423.1M | $389.3M | ||
| Common stock, no par value | $0 | $0 | ||
| Common Stock, Shares, Issued | 115.7M shares | 112.3M shares | ||
| Common Stock, Shares, Outstanding | 115.7M shares | 112.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $81.2M | $24.6M | ||
| Restricted cash | $5.1M | $0 | ||
| Trade receivables, net | $23.2M | $22.2M | ||
| Inventories, net | $41.5M | $41.3M | ||
| Other receivables | $324.0K | $247.0K | ||
| Prepaid expenses and deposits | $3.2M | $2.8M | ||
| Current assets of discontinued operations (Note 10) | $0 | $24.9M | ||
| Total current assets | $154.4M | $116.0M | ||
| Property, plant and equipment, net | $185.7M | $175.2M | ||
| Investments | $6.3M | $2.7M | ||
| Goodwill | $44.4M | $42.3M | $55.9M | |
| Intangibles, net | $23.6M | $25.1M | ||
| Deferred tax asset | $694.0K | $1.0M | ||
| Right-of-use assets | $4.1M | $4.4M | ||
| Other assets | $3.9M | $2.2M | ||
| Non-current assets of discontinued operations (Note 10) | $0 | $20.4M | ||
| Total assets | $423.1M | $389.3M | ||
| Line of credit | $0 | $4.0M | ||
| Trade payables | $15.7M | $11.3M | ||
| Current maturities of long-term debt | $4.9M | $8.1M | ||
| Accrued sales taxes | $8.7M | $8.7M | ||
| Accrued loyalty program | $541.0K | $1.0M | ||
| Accrued liabilities | $13.4M | $9.0M | ||
| Lease liabilities - current | $1.2M | $1.1M | ||
| Income tax payable | $12.2M | $51.0K | ||
| Other current liabilities | $1.9M | $1.1M | ||
| Current liabilities of discontinued operations (Note 10) | $0 | $17.9M | ||
| Total current liabilities | $58.6M | $62.2M | ||
| Long-term debt | $28.8M | $32.4M | ||
| Deferred tax liability | $18.5M | $19.9M | ||
| Lease liabilities - non-current | $3.9M | $4.2M | ||
| Other liabilities | $3.3M | $2.2M | ||
| Non-current liabilities of discontinued operations (Note 10) | $0 | $4.4M | ||
| Total liabilities | $113.0M | $125.3M | ||
| Redeemable non-controlling interests | $10.2M | $10.0M | ||
| Common stock, no par value per share - unlimited shares authorized ;115,722,312 shares issued and outstanding at December 31, 2025 and 112,337,049 shares issued and outstanding at December 31, 2024. | $392.4M | $387.3M | ||
| Additional paid in capital | $29.4M | $30.6M | ||
| Accumulated other comprehensive loss | -$9.3M | -$18.9M | ||
| Retained earnings | -$112.6M | -$145.0M | ||
| Total shareholders' equity | $299.9M | $254.0M | $300.3M | $303.8M |
| Total liabilities, mezzanine equity and shareholders equity | $423.1M | $389.3M | ||
| Common stock, no par value | $0 | $0 | ||
| Common Stock, Shares, Issued | 115.7M shares | 112.3M shares | ||
| Common Stock, Shares, Outstanding | 115.7M shares | 112.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Income (loss) from continuing operations including non-controlling interests | $21.0M | -$27.9M | -$33.1M |
| Depreciation and amortization | $16.4M | $16.7M | $14.1M |
| Amortization of deferred charges | $116.0K | $10.0K | $136.0K |
| Interest expense | $2.7M | $3.4M | $4.5M |
| Interest paid on long-term debt | -$2.8M | -$4.2M | -$4.7M |
| Unrealized foreign exchange loss | $13.0K | $233.0K | $64.0K |
| Goodwill and intangible asset impairments | $0 | $11.9M | $14.0M |
| Inventory and other impairments | $217.0K | $11.0M | |
| Non-cash lease expense | $951.0K | $731.0K | $1.2M |
| Share-based compensation | $1.7M | $3.7M | $3.1M |
| Deferred income taxes | -$2.1M | -$1.7M | $7.0M |
| Changes in non-cash working capital items | $19.9M | -$97.0K | $1.3M |
| Net cash provided by operating activities from continuing operations | $58.1M | $13.7M | $7.6M |
| Purchases of property, plant and equipment | -$18.2M | -$7.2M | -$3.6M |
| Purchases of intangibles | -$395.0K | -$158.0K | |
| Equity investment | -$548.0K | ||
| Repayment of note receivable | $835.0K | ||
| Net cash used in investing activities from continuing operations | -$18.6M | -$7.3M | -$3.3M |
| Proceeds from borrowings | $19.3M | ||
| Repayments on borrowings | -$27.2M | -$5.7M | -$9.3M |
| Purchase of non-controlling interest | -$3.8M | ||
| Proceeds from issuance of common stock and warrants | $24.8M | ||
| Issuance costs | -$1.4M | ||
| Share repurchases | -$3.0M | ||
| Proceeds from exercise of warrants and stock options | $5.0M | $83.0K | |
| Other financing activities | -$546.0K | ||
| Net cash used in (provided by) financing activities from continuing operations | -$6.4M | -$9.5M | $14.1M |
| Net cash (used in) provided by operating activities from discontinued operations | -$8.4M | -$3.4M | -$2.3M |
| Net cash provided by (used in) investing activities from discontinued operations | $38.7M | -$2.9M | -$2.9M |
| Net cash used in financing activities from discontinued operations | -$4.0M | $0 | $0 |
| Net cash flows provided by discontinued operations | $26.3M | -$6.3M | -$5.2M |
| Effect of exchange rate changes on cash and cash equivalents | $2.2M | -$1.2M | $394.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $61.6M | -$10.7M | $13.6M |
| Operating lease right-of-use assets | $691.0K | $117.0K | $5.6M |
| Operating lease liabilities | $691.0K | $117.0K | $5.6M |
| Income Taxes Paid | $93.0K |
No quarter-by-quarter statement was filed.
Compare Village Farms International, Inc. with another company
Corporate structure
Village Farms International, Inc. sits at the top of its group. 14 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Village Farms International, Inc.
- CITADEL ADVISORS LLC Filed SCHEDULE 13G on Village Farms International, Inc., latest Aug 14, 2026
- AdvisorShares Trust Filed SCHEDULE 13G/A on Village Farms International, Inc., latest Jul 8, 2026 (2 filings since Oct 3, 2025)
- DEGIGLIO MICHAEL A Filed SC 13G/A on Village Farms International, Inc., latest Nov 14, 2024 (3 filings since Feb 3, 2022)
- SNDL Inc. Filed SC 13G/A on Village Farms International, Inc., latest Jan 31, 2024 (3 filings since Jan 4, 2022)
- ETF MANAGERS GROUP, LLC Filed SC 13G/A on Village Farms International, Inc., latest Nov 16, 2021
- Village Farms International, Inc. Delta, British Columbia, Canada
- Agro Power Development, Inc. Subsidiary · Delaware, United States
- Balanced Health Botanicals, LLC Subsidiary · Colorado, United States
- Leli Holland B.V. Subsidiary · Netherlands
- Pure Sunfarms Corp. Subsidiary · Canada
- Rose Lifescience Inc. Subsidiary · Canada
- VF Clean Energy, Inc. Subsidiary · Canada
- VF Operations Canada Inc. Subsidiary · Canada
- VF U.S. Holdings Inc. Subsidiary · Delaware, United States
- Village Farms Canada GP Inc. Subsidiary · Canada
- Village Farms Canada Limited Partnership Subsidiary · British Columbia, Canada
- Village Farms of Delaware, L.L.C. Subsidiary · Delaware, United States
- Village Farms, L.P. Subsidiary · Delaware, United States
- Village Fields Hemp USA LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Village Farms International, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $107.3M6 Dec 31, 2025 | $93.7M6 Dec 31, 2024 | +14.4% |
| Property and equipment, net | $185.7M6 Dec 31, 2025 | $175.2M6 Dec 31, 2024 | +6.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $81.2M6 Dec 31, 2025 | $24.6M6 Dec 31, 2024 | +229.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $44.4M6 Dec 31, 2025 | $42.3M6 Dec 31, 2024 | +4.8% |
| Intangible assets, net (excluding goodwill) | $23.6M6 Dec 31, 2025 | $25.1M6 Dec 31, 2024 | −5.8% |
| Accumulated amortization | $13.2M6 Dec 31, 2025 | $10.1M6 Dec 31, 2024 | +31.1% |
| Finite-lived intangibles, net | $23.6M6 Dec 31, 2025 | $25.1M6 Dec 31, 2024 | −5.8% |
Inventory
Properties, in its own words
Our primary executive offices are located at 90 Colonial Parkway, Lake Mary, Florida, 32746.
The following table outlines the Company’s greenhouse facilities.
The rest of Item 2
Growing Area
Operating Facilities · SquareFeet · SquareMeters · Acres · Products Grown
Delta, BC (Delta 2) (1 greenhouse) · 1,075,530 · 99,920 · 25 · Cannabis
Delta, BC (Delta 3) (1 greenhouse) · 1,100,000 · 100,000 · 25 · Cannabis
Huntingdon, Quebec (1 indoor controlled growing facility) · 55,000 · 5,110 · 1 · Cannabis
Drachten, Netherlands (1 indoor controlled growing facility) · 22,600 · 2,100 · 1 · Cannabis
Groningen, Netherlands (1 indoor controlled growing facility) · 60,900 · 5,658 · 1 · Under Construction
Total cannabis operations · 2,314,030 · 212,788 · 53
Marfa, TX (1 greenhouse) · 871,200 · 80,937 · 20 · Leased to Vanguard
Monahans, TX (1 greenhouse)(Permian Basin facility) · 1,272,294 · 118,200 · 30 · Not in operation
Delta, BC (Delta 1) (1 greenhouse) · 2,588,860 · 240,513 · 60 · Tomatoes on-the-vine, beefsteak and specialty tomatoes
Total produce operations · 4,732,354 · 439,650 · 110
We believe that our existing facilities are adequate for our needs. Should we require additional facilities in the future, we believe that such facilities can be acquired or leased on commercially reasonable terms.
Item 2 of the 10-K filed Mar 12, 2026.5
Leadership
Who has led Village Farms International, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerMichael A. Degiglio Jan 2, 2020 to now14
- PresidentOrville Bovenschen Jun 13, 2025 to now15
- Chief financial officerHamid Shekarchi Sep 18, 2026 to now16
- Chief financial officerMichael A. Degiglio Jun 2, 2025 to Sep 18, 202617
- Chief financial officerStephen C. Ruffini Jan 2, 2020 to Jun 2, 202518
- Chief operating officerAnn Lefever Gillin May 14, 2024 to now19
Board members and other officers (9)
- Executive VP, Global CHROYvonne Trupiano Jun 23, 2026 to now20
- Executive Vice PresidentAnn Lefever Gillin May 8, 2023 to May 8, 202321
- Board memberCarolyn Hauger May 17, 2024 to now22
- Board memberKathleen M. Mahoney Mar 10, 2023 to now23
- Board memberChristopher C. Woodward Jan 2, 2020 to now24
- Board memberDavid Holewinski Jan 2, 2020 to now25
- Board memberJohn R. McLernon Jan 2, 2020 to now26
- Board memberMichael A. Degiglio Jan 2, 2020 to now14
- Board memberStephen C. Ruffini Jan 2, 2020 to now18
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Agro Power Development, Inc. Delaware4
- Balanced Health Botanicals, LLC Colorado4
- Leli Holland B.V. Netherlands4
- Pure Sunfarms Corp. Canada4
- Rose Lifescience Inc. Canada4
- VF Clean Energy, Inc. Canada4
- VF Operations Canada Inc. Canada4
- VF U.S. Holdings Inc. Delaware4
- Village Farms Canada GP Inc. Canada4
- Village Farms Canada Limited Partnership British Columbia4
- Village Farms of Delaware, L.L.C. Delaware4
- Village Farms, L.P. Delaware4
- Village Fields Hemp USA LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 10, 20268-K Executive or director change; Regulation FD disclosure27
- Aug 10, 20268-K Results of operations28
- Jul 22, 20268-K Regulation FD disclosure29
- Jun 8, 20268-K Entered a material agreement30
- Jun 5, 20268-K Regulation FD disclosure31
- Jun 2, 20268-K Shareholder vote; Regulation FD disclosure32
- May 11, 20268-K Results of operations33
- Apr 29, 20268-K Regulation FD disclosure34
- Apr 3, 20268-K Executive or director change; Regulation FD disclosure35
- Mar 30, 20268-K Entered a material agreement; Regulation FD disclosure36
- Mar 12, 20268-K Results of operations37
- Feb 26, 20268-K Regulation FD disclosure38
- Jan 2, 2020New chief executive Michael A. Degiglio becomes CEO14
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.08 a share, on Nov 10, 2025.39
When it reported results
- Aug 10, 2026Reported quarterly or annual results28
- May 11, 2026Reported quarterly or annual results33
- Mar 12, 2026Reported quarterly or annual results37
- Nov 10, 2025Reported quarterly or annual results40
- Aug 11, 2025Reported quarterly or annual results41
- May 12, 2025Reported quarterly or annual results42
- Mar 13, 2025Reported quarterly or annual results43
- Nov 7, 2024Reported quarterly or annual results44
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
278 filings to the SEC since October 2021: 9 annual reports, 15 quarterly reports, 97 major events, 117 insider forms, 10 large holders, 30 other. The latest 20:
- Sep 22, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 18, 20263 EDGAR
- Sep 10, 20268-K EDGAR
- Aug 25, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 10, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Jul 22, 20268-K EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
The 278 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
36 open-market trades by officers, directors and large owners since October 2021: 21 buys and 15 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 22, 2026 | Woodward Christopher C.Director | Buy | 10,000 | $3.06 | $30.6K | Form 4 |
| Sep 22, 2026 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 35,000 | $2.89 | $101.2K | Form 4 |
| Jun 29, 2026 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 13,600 | $1.87 | $25.4K | Form 4 |
| Jun 26, 2026 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 26,400 | $1.89 | $49.9K | Form 4 |
| Mar 25, 2026 | Bovenschen OrvilleGlobal President Operations | Sale | 50,000 | $2.89 | $144.5K | Form 4 |
| Dec 19, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Sale | 118,574 | $4.01 | $475.5K | Form 4 |
| Dec 18, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Sale | 200,000 | $4.05 | $810.0K | Form 4 |
| Dec 8, 2025 | Bovenschen OrvilleGlobal President Operations | Sale | 61,586 | $3.30 | $203.2K | Form 4 |
| Dec 1, 2025 | Bovenschen OrvilleGlobal President Operations | Sale | 65,200 | $3.92 | $255.6K | Form 4 |
| Nov 20, 2025 | Hauger CarolynDirector | Sale | 22,000 | $3.75 | $82.5K | Form 4 |
| May 30, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 25,000 | $1.21 | $30.2K | Form 4 |
| May 30, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 25,000 | $1.21 | $30.2K | Form 4 |
| May 30, 2025 | Ruffini Stephen CChief Financial Officer | Buy | 25,000 | $1.21 | $30.2K | Form 4 |
| May 29, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 100,000 | $1.21 | $121.0K | Form 4 |
| May 28, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 25,000 | $1.21 | $30.2K | Form 4 |
| May 23, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 20,000 | $1.25 | $25.0K | Form 4 |
| May 21, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 10,000 | $1.12 | $11.2K | Form 4 |
| May 20, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 30,000 | $1.14 | $34.2K | Form 4 |
| May 19, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 5,000 | $1.04 | $5.2K | Form 4 |
| May 16, 2025 | DEGIGLIO MICHAEL AChief Executive Officer | Buy | 10,000 | $1.04 | $10.4K | Form 4 |
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From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CITADEL ADVISORS LLCSCHEDULE 13G, 1 filing Aug 14, 202645
- AdvisorShares TrustSCHEDULE 13G/A, 2 filings Oct 3, 2025 to Jul 8, 202646
- DEGIGLIO MICHAEL ASC 13G/A, 3 filings Feb 3, 2022 to Nov 14, 202447
- SNDL Inc.SC 13G/A, 3 filings Jan 4, 2022 to Jan 31, 202448
- ETF MANAGERS GROUP, LLCSC 13G/A, 1 filing Nov 16, 202149
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Michael A. DeGiglioChief Executive Officer | 71 | $1.1M | $3.8M50 |
| 2025 | Ann Gillin LefeverChief Operating Officer | $512.9K | $1.4M50 | |
| 2025 | Stephen C. RuffiniChief Financial Officer | $549.4K | $1.3M50 | |
| 2024 | Michael A. DeGiglioChief Executive Officer | 71 | $1.0M | $1.7M50 |
| 2024 | Stephen C. RuffiniChief Financial Officer | $540.1K | $801.4K50 | |
| 2024 | Ann Gillin LefeverChief Operating Officer | $433.3K | $685.8K50 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 99. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Citadel Advisors LLC | 6,583,786 | $13.2M | 0.0% | +5,450,347 |
| AdvisorShares Investments LLC | 3,430,321 | $6.9M | 0.8% | −2,498,034 |
| Two Sigma Investments, LP | 2,423,572 | $4.8M | 0.0% | +448,519 |
| Tidal Investments LLC | 2,180,312 | $4.4M | 0.0% | −122,829 |
| Weiss Asset Management LP | 1,757,131 | $3.5M | 0.1% | New |
| Renaissance Technologies LLC | 1,604,766 | $3.2M | 0.0% | +286,700 |
| Key Client Fiduciary Advisors, LLC | 1,334,631 | $2.7M | 0.8% | +718,382 |
| American Century Companies Inc | 1,153,992 | $2.3M | 0.0% | +1,071,553 |
| Qube Research & Technologies Ltd | 955,092 | $1.9M | 0.0% | +107,470 |
| Timelo Investment Management Inc. | 832,165 | $1.7M | 2.1% | New |
| Morgan Stanley | 698,573 | $1.4M | 0.0% | −337,515 |
| Millennium Management LLC | 678,931 | $1.4M | 0.0% | +245,871 |
| Fishman Jay A Ltd/mi | 575,400 | $1.2M | 0.1% | No change |
| Jane Street Group, LLC | 570,700 | $1.1M | 0.0% | −1,230,190 |
| Bridgeway Capital Management, LLC | 546,614 | $1.1M | 0.0% | +446,501 |
| Susquehanna International Group, Llp | 530,522 | $1.1M | 0.0% | +161,982 |
| Northern Trust Corp | 439,153 | $878.3K | 0.0% | −12,741 |
| Empowered Funds, LLC | 354,114 | $708.2K | 0.0% | +254,001 |
| BlackRock, Inc. | 312,259 | $624.5K | 0.0% | −86,404 |
| Baader Bank Aktiengesellschaft | 200,000 | $400.0K | 0.0% | −1,026 |
| Jb Capital Partners LP | 180,000 | $360.0K | 0.1% | No change |
| LPL Financial LLC | 163,305 | $326.6K | 0.0% | +13,049 |
| Ewing Morris & Co. Investment Partners Ltd. | 139,736 | $279.5K | 0.1% | No change |
| State of Wyoming | 137,445 | $274.9K | 0.0% | −34,362 |
| Bank of New York Mellon Corp | 124,649 | $249.3K | 0.0% | −785 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Village Farms International, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVillage Farms International, Inc.1
- CIK0001584549
- Employer ID (EIN)98-10076715
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inOntario5
- Fiscal year endsDecember 311
- Industry code (SIC)0100 Agricultural Production-Crops1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address90 Colonial Center Pkwy, Lake Mary, FL 327461
- Phone40793611901
- Shares outstanding122,286,297 as of Aug 7, 202612
- Public float$110.7M as of Jun 30, 20255
- AuditorKPMG LLP, Orlando, Florida PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceSep 3, 20131
- Filings438 in all: 8-K (135), 4 (125), 6-K (42), 10-Q (20), SC 13G/A (15), 3 (13), 10-K (7), DEF 14A (7)1
All 42 form types
10-K/A (6), 8-K/A (5), CORRESP (5), UPLOAD (5), 6-K/A (4), EFFECT (4), 4/A (3), 424B2 (3), DEFA14A (3), SC 13G (3), 424B5 (2), 424B7 (2), D (2), F-X (2), FWP (2), PRE 14A (2), S-3 (2), S-8 (2), SCHEDULE 13G (2), 144 (1), 40-F (1), 40-F/A (1), 40FR12B (1), 424B3 (1), ARS (1), CERT (1), DEL AM (1), DRS (1), F-10 (1), F-10/A (1), POS AM (1), S-3ASR (1), SCHEDULE 13G/A (1), SUPPL (1)
- Latest filingsAnnual report (10-K) Mar 12, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 29, 2026
Latest 8-K (8-K) Sep 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, without par value | VFF | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Village Farms International, Inc. names in Item 1A of its 10-K filed Mar 12, 2026: 64 risks under these headings, as written.5
- Any of the risks and uncertainties described below could significantly and negatively affect our business, prospects, financial condition, operating results, or credit ratings, which could cause the trading price of our Common Shares to decline. Additional risks and uncertainties not presently known to us, or risks that we currently consider immaterial, could also impair our business operations or financial condition.
- Business and Operational Risk Factors
- Industry Risk Factors
- Legal and Regulatory Risks Factors
- Labor and Employment Risks Factors
- Tax Risk Factors
- Common Shares Risk Factors
- General Risk Factors
- BUSINESS AND OPERATIONAL RISK FACTORS
- We may be unable to maintain profitability or continue future growth.
- We are dependent on the success of our Canadian Cannabis business which has a limited operating history in the cannabis industry.
- Our international expansion, including through Leli, may increase our operational risks.
The other 60 risks
- There can be no assurance that our previous, current or potential future acquisitions, joint ventures, investments or expansions of scope of existing relationships will have a beneficial impact on our business, financial condition and results of operations.
- There can be no assurance that future mergers, acquisitions, divestitures, alliances, joint ventures, investments or other strategic transactions will be consummated or have a positive impact on our business, prospects, financial condition, or results of operations.
- We will need additional financing to further develop our business.
- We face risks associated with the use of debt, including refinancing risk.
- Our success depends on our ability to attract and retain customers.
- We are subject to restrictive covenants under our Credit Facilities.
- Our operations require certain key inputs, including raw materials and energy, and we are subject to their costs, tariffs, and potential supply disruptions.
- We may be unable to manage our growth successfully.
- Our operations are subject to natural catastrophes.
- We may suffer from uninsured and underinsured losses.
- Our business and operating results rely on effective quality control.
- Our products may be subject to recalls.
- Our competitive position may be affected by technological advances.
- We face risks related to intellectual property.
- We may be negatively affected by the use of third-party transportation services for our products.
- INDUSTRY RISK FACTORS
- We face risks inherent in an agricultural business.
- The legal cannabis and hemp-derived CBD industries are relatively new and may be materially adversely affected by potential legal and regulatory changes.
- Our Canadian Cannabis business has been negatively affected in prior years, and could be impacted by cannabis supply and demand fluctuations.
- Retail consolidation in the markets in which we participate and reliance on third-party distributors may negatively affect our operations and profitability.
- We face significant competition in the cannabis industry.
- Increasing legalization of cannabis and rapid growth and consolidation in the cannabis and CBD industries may further intensify competition.
- We may be negatively affected by unfavorable publicity, adverse scientific findings and/or negative consumer perception of cannabis.
- Our Canadian, Dutch and U.S. Cannabis businesses are subject to cannabis-related security breaches, which could result in significant losses.
- We face risks associated with cross-border trade and the potential for tariffs and other trade restrictions.
- Our revenues may be impacted by fluctuating demand for our products.
- We may be negatively affected by the customer and vendor credit risk.
- Third parties with whom we contract may be concerned about their reputational risks in respect of cannabis.
- LEGAL AND REGULATORY RISK FACTORS
- The November 2025 Appropriations Act, will make most hemp-derived products illegal beginning in November, 2026, and will materially and adversely affect our U.S. cannabis business unless further legislative action is taken
- We cannot predict when, if ever, cannabis will be federally legal in the United States and any rescheduling of U.S. Schedule I cannabis to Schedule III would have an uncertain impact on our business.
- Our Canadian and Dutch operations require licenses to grow, store and sell cannabis.
- Our cannabis operations are subject to laws, regulations and guidelines related to the cannabis industry.
- Our cannabis operations in Canada are subject to marketing restrictions under the Cannabis Act.
- Our cannabis operations in Canada are subject to Canadian supplier standards.
- The ability of our Canadian cannabis companies to sell cannabis may be restricted by the Canadian Free Trade Agreement.
- Uncertainty in the laws, regulations and guidelines governing cannabis, U.S. hemp or CBD derived products has adversely impacted our business, and may continue to do so in the future.
- Restricted access to banking, including anti-money laundering laws and regulations may adversely impact our business.
- Our U.S. Cannabis business is subject to FDA and USDA regulation.
- We may be subject to product liability claims.
- Government regulation of the Internet and e-commerce is evolving, and unfavorable changes or failure by us to comply with these regulations could substantially harm our business, financial condition, and results of operations.
- We are subject to environmental, health and safety, and other governmental regulations and we may incur material expenses in order to comply with these regulations.
- Our greenhouse produce business is subject to extensive regulations.
- We may experience environmental, health and safety incidents.
- The controversy surrounding vaporizers and vaporizer products may materially and adversely affect the market for vaporizer products and expose us to litigation and additional regulation.
- Future research may lead to findings that vaporizers, electronic cigarettes and related products are not safe for their intended use.
- Our U.S. marketing programs use customer information and other personal and confidential information as well as digital communications, which may subject us to liability if we misuse this information.
- LABOR and EMPLOYMENT RISK FACTORS
- Our operations are dependent on labor availability which includes accessing government sponsored foreign labor programs in Canada.
- Our operations depend on our key executives.
- TAX RISK FACTORS
- If the Company is classified as a passive foreign investment company ("PFIC") for U.S. federal income tax purposes, certain generally adverse U.S. federal income tax consequences could apply to U.S. investors.
- We may be exposed to transfer pricing risks
- Changes in tax treatment of companies engaged in e-commerce could materially affect our financial condition and results of operations.
- U.S. Holdings may be treated as U.S. real property holding corporation for U.S. federal income tax purposes, which could cause VF Opco to be subject to U.S. federal income tax.
- VF Canada GP and VF Canada LP may be deemed to maintain a U.S. permanent establishment for tax purposes.
- COMMON SHARES RISK FACTORS
- Our market price of our Common Shares has been and is likely to continue to be volatile and an investment in our Common Shares could suffer a decline in value.
- Future issuances or sales of our Common Shares could cause our share price to fall and may dilute your common shares.
- Certain Canadian laws could delay or deter a change of control.
- The exercise of all or any number of outstanding stock options, the award of any additional options, restricted stock units or other stock-based awards or any issuance of shares to raise funds or acquire a business may dilute your Common Shares.
- We do not expect to pay dividends for the foreseeable future.
- GENERAL RISK FACTORS
- We face risks related to cyber security attacks and other incidents.
- Inflation may continue to rise and increase our operating costs.
- It may be difficult for non-Canadian investors to obtain and enforce judgments against us because of our Canadian incorporation and presence.
- The effect of sanctions and an escalation of the conflict in Ukraine may further disrupt supply chains and adversely impact our business.
Legal proceedings
In the normal course of business, the Company and its subsidiaries may become defendants in certain employment claims and other litigation. The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable. The Company is not involved in any legal proceedings other than ordinary routine litigation arising in the normal course of business, none of which the Company believes will have a material adverse effect on the Company’s business, financial condition or results of operations. Additionally, there were no environmental matters requiring disclosure pursuant to Item 103(c)(3) of Regulation S-K.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGAROrville Bovenschen, President
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- 22SEC EDGARCarolyn Hauger, Board member
- 23SEC EDGARKathleen M. Mahoney, Board member
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- 25SEC EDGARDavid Holewinski, Board member
- 26SEC EDGARJohn R. McLernon, Board member
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- 28SEC EDGARResults of operations
- 29SEC EDGARRegulation FD disclosure
- 30SEC EDGAREntered a material agreement
- 31SEC EDGARRegulation FD disclosure
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- 33SEC EDGARResults of operations
- 34SEC EDGARRegulation FD disclosure
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- 37SEC EDGARResults of operations
- 38SEC EDGARRegulation FD disclosure
- 39NasdaqNasdaq calendar
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