Friday, September 12, 2025

Latest

Village Farms To Conduct $10 Million Financing

It appears that Tilray Inc (NASDAQ: TLRY) isn’t the only cannabis firm searching for cash despite the current market environment. This morning, Village Farms International (TSX: VFF) (NASDAQ: VFF) announced a registered direct offering to the tune of $10 million.

The offering is being conducted by that of Beacon Securities, whom is working as the sole underwriter for the financing. Village Farms has agreed to issue up to 3,125,000 common shares in connection with the offering, at a price per share of $3.20 for gross proceeds of $10.0 million. An over allotment option also exists, for up to 15% in additional shares.

The offering is expected to close by March 24, with gross proceeds to be used for working capital and general corporate purposes. As of the last reporting period, which was September 30, 2019, Village Farms had US$6.7 million in cash on hand, subsequent to which it conducted a bought deal financing for net proceeds of C$26.9 million.

Village Farms last traded at $3.59 on the TSX.


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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Emerald Health Disputes $7 Million Tab at Village Farms Joint Venture

Both Emerald Health Therapeutics (TSXV: EMH) and Village Farms International (TSX: VFF) (NASDAQ: VFF) announced...

Tuesday, October 15, 2019, 08:58:01 AM

Village Farms: Analysts Expect Q3 Revenues To Hit US$68.7 Million

Village Farms International (TSX: VFF) announced that they will be reporting their third quarter financials...

Monday, November 8, 2021, 05:17:00 PM

Village Farms Investee DutchCanGrow Loses Out On Netherlands Cannabis License Lottery

Village Farms (TSX: VFF) (NASDAQ: VFF) has seen its investee DutchCanGrow Inc, based in the...

Friday, December 4, 2020, 09:49:09 AM

Village Farms Repays Debt Owed To Emerald Health Therapeutics

Village Farms (TSX: VFF) (NASDAQ: VFF) this morning announced that it has materially cleaned up...

Monday, February 8, 2021, 08:06:57 AM

Village Farms Conducts Bought Deal Financing at $9.40 Per Share

Village Farms International (TSX: VFF) (NASDAQ: VFF) announced this morning a $25 million bought deal...

Thursday, October 10, 2019, 09:06:58 AM