Village Farms International, Inc.

Climate Impact & Sustainability Data (2022)

Utilizes hydroponic growing method, sterilizing and recirculating water multiple times, so that 100% of the water reaches the plants.
Proficient growing methods deliver vastly more yield per acre compared to outdoor growing, without depleting the soil.
Uses beneficial insects to control pests and promote healthy plant growth, and administers organic pesticides.
Collects, filters and utilizes rainwater for plants in one Delta greenhouse.
Delta greenhouses use renewable hydroelectricity as the main power source, provide innovative energy screens, and employ blackout curtains to reduce light pollution.
Rose LifeScience’s indoor growing facility in Quebec was granted environmental rebates for its energy-efficient design and has special filtration to reduce greenhouse gas emissions and odors.

Contributes and distributes fresh produce to help feed those in need and champions volunteer efforts in national food banks.
Supports various charitable contributions to organizations such as the Canadian Cancer Society, American Lung Association, Wounded Warrior Fund, NAACP education fund, Rotary clubs, hospitals, and community art outreach activities.
Is an equal opportunity employer that does not discriminate on the basis of race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender, gender identity or gender expression, sexual orientation, marital status, military service and veteran status, physical or mental disability, protected medical condition, genetic information, or any other characteristic protected by applicable federal, state, or local laws and ordinances.
Provides competitive extended health care and dental benefits, including an additional health spending account, a sponsored group retirement savings plan and wellness days in Canada.

Adopts a code of ethics that applies to all employees, officers, and directors.
Provides an anonymous means for employees and officers to report violations of the Code and other corporate policies.
Developed the Disclosure and Insider Trading Policy to provide guidelines on employee trading in the Company’s securities.

Regaining profitability.
Need for additional financing.
Dependence on the success of Pure Sunfarms.
Restrictive covenants under credit facilities.
Rising interest rates increasing debt service costs.
Ongoing costs and obligations related to infrastructure, growth, regulatory compliance, and operations for Pure Sunfarms.
Risks inherent in an agricultural business (weather, insects, plant diseases, labor shortages).
Risks in the relatively new legal cannabis and hemp-derived CBD industries.
Competition in the cannabis industry.
Cannabis supply and demand fluctuations.
Unfavorable publicity, adverse scientific findings, and negative consumer perception of cannabis.
Cross-border trade risks.
Retail consolidation.
ToBRFV impacting tomato production.
Fluctuating demand for products.
Customer and vendor credit risk.
Cybersecurity risks.
Potential international expansion increasing operational risks.
Technological advances rendering products obsolete.
Intellectual property risks.
Inflation increasing operating costs.
Disruptions from the COVID-19 pandemic.
Disruptions from the Russia/Ukraine conflict.
Difficulty for non-Canadian investors to obtain and enforce judgments.
Material weakness in internal control over financial reporting.

Pursuing operational efficiencies.
Implementing cost control and productivity improvement measures.
Seeking additional equity or debt financing.
Managing cannabis profit margins and EBITDA, maintaining low-cost tomato production.
Maintaining fixed contracts for electricity requirements in Texas.
Improving back-up systems to mitigate power outages.
Developing new and improved product lines.
Implementing detailed procedures for testing products.
Implementing processes, procedures, and controls to mitigate cybersecurity risks.
Maintaining insurance coverage.
Implementing remediation measures to improve internal controls.

Climate Change Data