Tuesday, July 1, 2025

Village Farms Joint Venture Expands Credit Facility to $59 Million

Villages Farms (TSX: VFF) (NASDAQ: VFF) announced this morning that its majority owned joint venture, Pure Sunfarms, has taken on additional debt as a means of strengthening its balance sheet. This debt was acquired through the expansion of an outstanding credit facility, which has now seen an accordion feature and an additional term loan component added.

The expanded loan facility, obtained through a lending syndicate lead by the Bank of Montreal, has now been finalized to have a capacity of $59 million, a significant expansion from the existing loan of $19 million. Included is a new term loan for a total of $25 million, and a $15.0 million revolver, effectively adding an according feature to the facility.

The new term loan has been marked to be used specifically for Pure Sunfarms Delta 2 greenhouse, while the existing loan was earmarked specifically for the Delta 3 facility.

All three components of the term loan have a maturity date of February 7, 2022.

Village Farms last traded at $4.79 on the Nasdaq.


Information for this briefing was found via Sedar and Village Farms International. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Village Farms Drops US$75 Million Stepping Into US CBD Space

Evidently Village Farms (NASDAQ: VFF) (TSX: VFF) has shifted its focus to the US market....

Monday, August 16, 2021, 07:43:00 AM

Village Farms Settles Dispute With Emerald Health, Acquires Majority Ownership In Pure Sunfarms

Village Farms (TSX: VFF) (NASDAQ: VFF) and Emerald Health Therapeutics (TSXV: EMH) have finally come...

Tuesday, March 3, 2020, 07:49:18 AM

Village Farms: Raymond James Estimates Q4 Revenues Of US$55.4 Million

Village Farms (TSX: VFF) (NASDAQ: VFF) will be reporting their fourth quarter and year-end financials...

Monday, March 15, 2021, 02:43:00 PM

Village Farms To Walk From Toronto Stock Exchange

Village Farms (TSX: VFF) is leaving Canadian markets. The firm this morning announced that it...

Tuesday, December 14, 2021, 08:29:59 AM

Village Farms: Consensus Estimates For Q4 2020

Village Farms (TSX: VFF) (NASDAQ: VFF) will be reporting their fourth quarter and year end...

Monday, March 15, 2021, 11:43:00 AM