VANCOUVER, BC, Feb. 4, 2021 /PRNewswire/ – Village Farms Global, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced its wholly owned subsidiary, Pure Sunfarms, revealed its very first cannabis-infused edible items, Pure Sunfarms Real Fruit Gummies. An array of Pure Sunfarms Real Fruit Gummies are anticipated to be launched in British Columbia a few weeks, using the complete array of flavours and potencies anticipated to be around for the reason that province, along with other provinces, into the months ahead. Utilizing the launch of Real Fruit Gummies, Pure Sunfarms provides branded items in all the five biggest cannabis item groups in Canada – dried flower, pre-rolls, vapes, edibles and natural oils – which could comprise just as much as 90%1 of market product sales.
Pure Sunfarms Real Fruit Gummies are anticipated to be one of many only gummies in Canada made utilizing genuine fresh fruit – inspired by B.C. fruits, Pure Sunfarms Real Fruit Gummies contain only natural flavours and tints and are also pectin-based, clean label, and vegan.
“We’re a brandname that takes great pride within our B.C. roots, so that it had been an all natural expansion of our brand name to add genuine Fruit Gummies, inspired by B.C. fruits, to your profile,” stated Mandesh Dosanjh, President and CEO, Pure Sunfarms. “In developing the gummies, it had been very important to Pure Sunfarms to produce an item which was similarly delicious because it had been normal. Featuring normal flavours and tints, they’re pectin-based, clean label, and vegan, ensuring a soft, normal texture with every bite. All of us takes a craftsmanship that is true to the creation of our real fruit gummies—from the selection of flavours, choice of ingredients, formulation development, and how they are packaged before they go out the door. Every decision has been carefully and intentionally made at each stage. We see lots of potential in this segment that is rapidly growing we are excited to see how new and existing consumers react to this pure and delicious new offering that speaks volumes to what we are all about at Pure Sunfarms.”
The to begin Pure Sunfarms Real Fruit Gummies become available are Sour Black Cherry THC gummies featuring 2.5 mg of THC per piece, and Sour Raspberry 1:1 gummies featuring a potency that is balanced 2.5 mg of THC and 2.5 mg of CBD per piece. Pure Sunfarms plans to deepen additional flavours to its offering and potencies (Strawberry 1:4 and Peach Nectar CBD) into the coming months.
1. Ontario. Predicated on Ontario Cannabis Store (OCS) product sales data. By bucks offered for the period that is three-month December 31, 2020.
About Village Farms International, Inc.
Village Farms is one of the largest and greenhouse that is longest-operating in the united states. The business leverages years of expertise in large-scale, low-cost agriculture that is intensive a vertically integrated produce supplier to pursue high-value, high-growth plant-based Consumer Packaged Goods opportunities in cannabis and CBD in North America and select markets internationally.
The Company’s wholly-owned subsidiary that is canadian British-Columbia-based Pure Sunfarms, is amongst the solitary biggest cannabis operations on earth, the lowest-cost greenhouse producer and something of this best-selling brands in Canada, and has now produced profitability for seven consecutive quarters.
In the U.S., at the mercy of conformity along with relevant U.S. federal and state rules, Village Farms is pursuing a technique to become a developer that is leading supplier of branded and white-labeled CBD products targeting major retailers and consumer packaged goods companies. Village Farms has one of the greenhouse operations that are largest in the united states and it is strategically placed to work well with its agricultural experience and Pure Sunfarms’ functional and item expertise, to pursue potential high-THC cannabis possibilities whenever lawfully allowed to do this.
Internationally, Village Farms evaluates and targets chosen, nascent, appropriate cannabis and CBD possibilities with significant potential that is long-term with an initial focus on the Asia-Pacific region through its investment in Australia-based Altum International.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is subject to the harbor that is safe by those parts. This news release also includes information that is”forward-looking within the meaning of applicable Canadian securities law. We refer to such forward-looking statements and information that is forward-looking as “forward-looking statements”. Forward-looking statements may relate genuinely to the business’s future outlook or position that is financial anticipated events or results and may include statements regarding the financial position, business strategy, budgets, expansion plans, litigation, projected production, projected costs, capital expenditures, financial results, taxes, plans and objectives of or involving the Company. Particularly, statements regarding future results, performance, achievements, prospects or opportunities for the Company, the greenhouse vegetable industry or the* that is( industry are forward-looking statements. In some instances, forward-looking information may be identified by such terms as “outlook”, “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “try”, “estimate”, “predict”, “potential”, “continue”, “likely”, “schedule”, “objectives”, or the negative or grammatical variation thereof or other comparable expressions concerning things that aren’t historic facts. The forward-looking statements in this news release are at the mercy of dangers that could add, but aren’t limited by: our limited working history, including that of Pure Sunfarms and our start-up operations of growing* that is( in the United States; the legal status of Pure Sunfarms cannabis business; risks relating to obtaining additional financing, including our dependence upon credit facilities; potential difficulties in achieving and/or maintaining profitability; variability of product pricing; risks inherent in the cannabis, hemp and agricultural businesses; the ability of Pure Sunfarms to cultivate and distribute cannabis in Canada; existing and new governmental regulations, including risks related to regulatory compliance and licenses (e.g., Pure Sunfarms’ ability to obtain licenses for its Delta 2 greenhouse facility as well as additional licenses under the Canadian act respecting cannabis to amend to the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16 (Canada) for its Delta 3 greenhouse facility), and changes in our regulatory requirements; risks relating to conversion of our greenhouses to cannabis production for Pure Sunfarms; risks related to rules and regulations at the U.S. federal (Food and Drug Administration and United States Department of Agriculture), state and municipal levels with respect to produce and hemp; retail consolidation, technological advances and other forms of competition; transportation disruptions; product liability and other potential litigation; retention of key executives; labor issues; uninsured and underinsured losses; vulnerability to rising energy costs; environmental, health and safety risks, foreign exchange exposure, risks associated with cross-border trade; difficulties in managing our growth; restrictive covenants under our credit facilities; natural catastrophes; the ongoing and developing COVID-19 pandemic; and tax risks.
The Company has based these forward-looking statements on factors and assumptions about future events and financial trends that it believes may affect its condition that is financial of operations, company strategy and monetary requirements. Even though forward-looking statements found in this news release are based upon assumptions that administration believes are reasonable according to information now available to administration, there might be no assurance that real outcomes are going to be in line with these statements that are forward-looking. Forward-looking statements necessarily involve known and unknown risks and uncertainties, many of which are beyond the Company’s control, that may cause the Company’s or the industry’s actual results, performance, achievements, prospects and opportunities in future periods to differ materially from those expressed or implied by such statements that are forward-looking. These dangers and uncertainties consist of, among other items, the factors within the business’s filings with securities regulators, including this news release. In specific, we caution you which our forward-looking statements are at the mercy of the ongoing and developing circumstances linked to the pandemic that is COVID-19 which may have a material adverse effect on our business, operations and future financial results.
When relying on forward-looking statements to make decisions, the Company cautions readers not to place reliance that is undue these statements, as forward-looking statements include significant dangers and uncertainties and may never be read as guarantees of future outcomes, performance, achievements, leads and possibilities. The statements that are forward-looking in this press release relate only to events or information as of the date on which the statements are made in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE except as required by law Village Farms Global, Inc.