Village Farms International’s Board of Directors Unanimously Approves $10 Million Share Repurchase Authorization
Village Farms International (NASDAQ: VFF) has announced a significant share repurchase program, with its Board of Directors unanimously approving a $10 million buyback authorization for up to 5.687 million common shares, representing 5% of outstanding shares.
The company expects to close Q3 2025 with approximately $75 million in cash, demonstrating strong financial position. CEO Michael A. DeGiglio emphasized that this initiative reflects the Board's confidence in the company's balance sheet strength and future cash flow generation, while maintaining investments in expansion projects in Canada and the Netherlands.
The repurchase program will be executed based on market conditions, with flexibility to suspend or discontinue at management's discretion. Shares will be purchased through open market or private transactions, complying with relevant U.S. and Canadian securities regulations.
Village Farms International (NASDAQ: VFF) ha annunciato un importante programma di riacquisto azionario, con il Consiglio di Amministrazione che ha approvato all'unanimità una autorizzazione al riacquisto di 10 milioni di dollari per un massimo di 5,687 milioni di azioni ordinarie, che rappresentano il 5% delle azioni in circolazione.
L'azienda prevede di chiudere il terzo trimestre del 2025 con circa 75 milioni di dollari in contanti, dimostrando una solida posizione finanziaria. Il CEO Michael A. DeGiglio ha sottolineato che questa iniziativa riflette la fiducia del Consiglio nella forza della balance sheet e nella generazione futura di flussi di cassa, mantenendo al contempo gli investimenti in progetti di espansione in Canada e nei Paesi Bassi.
Il programma di riacquisto sarà eseguito in base alle condizioni di mercato, con la flessibilità di sospenderlo o interromperlo a discrezione della direzione. Le azioni saranno acquisite tramite mercato aperto o operazioni private, nel rispetto delle normative sui valori mobiliari statunitensi e canadesi.
Village Farms International (NASDAQ: VFF) ha anunciado un importante programa de recompra de acciones, con su Junta Directiva aprobando por unanimidad una autorización de recompra de 10 millones de dólares para hasta 5,687 millones de acciones comunes, que representan el 5% de las acciones en circulación.
La empresa espera cerrar el tercer trimestre de 2025 con aproximadamente 75 millones de dólares en efectivo, demostrando una posición financiera sólida. El CEO Michael A. DeGiglio enfatizó que esta iniciativa refleja la confianza de la Junta en la fortaleza de la hoja de balance y en la generación futura de flujo de efectivo, mientras se mantienen las inversiones en proyectos de expansión en Canadá y los Países Bajos.
El programa de recompra se ejecutará en función de las condiciones del mercado, con flexibilidad para suspenderlo o discontinuarlo a discreción de la dirección. Las acciones se comprarán a través de operaciones en el mercado abierto o transacciones privadas, cumpliendo con las regulaciones de valores relevantes de EE. UU. y Canadá.
Village Farms International (NASDAQ: VFF)는 중요한 자사주 매입 프로그램을 발표했습니다. 이사회는 만장일치로 1,000만 달러의 자사주 매입 승인을 최대 568.7만 주의 보통주에 대해 승인했으며, 이는 유통 주식의 5%에 해당합니다.
회사는 2025년 3분기를 약 7500만 달러의 현금 보유로 마감할 것으로 기대해 강한 재무 상태를 보여줍니다. CEO 마이클 A. 디질리오(Michael A. DeGiglio)는 이 이니셔티브가 이사회가 대차대조표의 강점과 향후 현금 흐름 창출에 대한 자신감을 반영하며 캐나다와 네덜란드의 확장 프로젝트에 대한 투자를 계속 유지한다고 강조했습니다.
매입 프로그램은 시장 상황에 따라 실행되며 경영진 재량으로 중단하거나 중지할 수 있는 유연성을 갖습니다. 주식은 공개시장이나 비공개 거래를 통해 매입되며 관련 미국 및 캐나다 증권 규정을 준수합니다.
Village Farms International (NASDAQ: VFF) a annoncé un programme important de rachat d’actions, avec le conseil d’administration approuvant à l’unanimité une autorisation de rachat de 10 millions de dollars pour jusqu’à 5,687 millions d’actions ordinaires, représentant 5% des actions en circulation.
L’entreprise prévoit clôturer le troisième trimestre 2025 avec environ 75 millions de dollars en liquidités, démontrant une solide position financière. Le PDG Michael A. DeGiglio a souligné que cette initiative reflète la confiance du conseil dans la solidité du bilan et la génération future de flux de trésorerie, tout en maintenant les investissements dans les projets d’expansion au Canada et aux Pays-Bas.
Le programme de rachat sera exécuté en fonction des conditions du marché, avec la flexibilité de le suspendre ou de l’arrêter à la discrétion de la direction. Les actions seront achetées sur le marché libre ou par des transactions privées, conformément aux réglementations sur les valeurs mobilières américaines et canadiennes.
Village Farms International (NASDAQ: VFF) hat ein signifikantes Aktienrückkaufprogramm angekündigt, wobei der Vorstand einstimmig eine Rückkaufgenehmigung in Höhe von 10 Mio. USD für bis zu 5,687 Mio. Stammaktien, was 5% der ausstehenden Aktien entspricht, genehmigte.
Das Unternehmen erwartet, das dritte Quartal 2025 mit ca. 75 Mio. USD Bargeld abzuschließen, was eine starke finanzielle Lage demonstriert. CEO Michael A. DeGiglio betonte, dass diese Initiative das Vertrauen des Vorstands in die Stärke der Bilanz und die künftige Cashflow-Generierung widerspiegelt, während Investitionen in Expansionsprojekte in Kanada und den Niederlanden fortgeführt werden.
Das Rückkaufprogramm wird basierend auf den Marktbedingungen umgesetzt, mit der Flexibilität, es nach Ermessen des Managements auszusetzen oder zu beenden. Die Aktien werden durch Open-Market- oder Private-Transaktionen gekauft, unter Einhaltung der relevanten US- und kanadischen Wertpapiergesetze.
Village Farms International (ناسداك: VFF) أعلنت عن برنامج إعادة شراء أسهم مهم، حيث وافق مجلس الإدارة بالإجماع على تفويض لإعادة شراء بقيمة 10 ملايين دولار لغاية 5.687 مليون سهم عادي، وهو يمثل 5% من الأسهم القائمة.
تتوقع الشركة إغلاق الربع الثالث من عام 2025 بنحو 75 مليون دولار نقداً، مما يدل على وضع مالي قوي. أكد الرئيس التنفيذي مايكل أ. ديغيلو أن هذه المبادرة تعكس ثقة المجلس في قوة الميزانية وتوليد التدفقات النقدية المستقبلي، مع استمرار الاستثمار في مشاريع التوسع في كندا وهولندا.
سيتم تنفيذ برنامج إعادة الشراء وفقاً لظروف السوق، مع مرونة لتوقيفه أو إنهائه وفقاً لتقدير الإدارة. ستتم عمليات الشراء من خلال السوق المفتوح أو عبر صفقات خاصة، بما يتوافق مع الأنظمة التنظيمية الأمريكية والكندية ذات الصلة بالأوراق المالية.
Village Farms International（纳斯达克股票代码：VFF）宣布了一项重要的股票回购计划，董事会一致通过了一项1000万美元的回购授权，用于最多568.7万股普通股，占流通股的5%。
公司预计在2025年第三季度末将持有约7500万美元现金，显示出强劲的财政状况。首席执行官迈克尔·A·德吉利奥强调，这一举措体现了董事会对公司资产负债表韧性及未来现金流生成能力的信心，同时继续投资于加拿大和荷兰的扩张项目。
回购计划将基于市场条件执行，管理层有权在其裁量下暂停或终止。股票将通过公开市场或私下交易购买，符合相关美国和加拿大证券法规。
- Board authorized substantial $10 million share buyback program
- Strong cash position with $75 million expected at Q3 end
- Balanced capital allocation approach maintaining organic growth investments
- Program represents potential repurchase of 5% of outstanding shares
- Buyback program may be suspended or discontinued at company's discretion
- Actual share repurchases dependent on market conditions and other factors
Insights
Village Farms' $10M share repurchase signals management confidence while maintaining strong $75M cash position for continued organic growth.
Village Farms International's announced
The company's projected
Share repurchases typically benefit shareholders through several mechanisms: they reduce the number of outstanding shares (increasing earnings per share), signal management confidence in future prospects, and often provide share price support. For Village Farms specifically, this balanced capital allocation approach reflects management's commitment to delivering shareholder value while not compromising growth opportunities.
The flexible nature of the repurchase program is notable - it doesn't obligate the company to purchase a specific amount and can be suspended at management's discretion. This provides Village Farms with important adaptability should market conditions change or more promising investment opportunities arise. The establishment of Rule 10b-18 and Rule 10b5-1 plans suggests a structured, compliance-focused approach to execution that avoids market manipulation concerns.
– Authorization reflects Company’s balanced approach to capital allocation to deliver value for shareholders –
– Company to close Q3 with
VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that its Board of Directors has unanimously approved a US
Founder, President and Chief Executive Officer Michael A. DeGiglio commented, “Today’s announcement reflects our Board of Directors’ confidence in the strength of our balance sheet and expected future cash flow generation to create long-term value for shareholders. We expect to close the third quarter with approximately
The timing and amount of any shares of the Company’s common stock that are repurchased under the repurchase program will be determined by Company management based on its evaluation of market conditions and other factors. The Company may enter into an automatic plan to facilitate repurchases from time to time under the plan, in the open market or through privately negotiated transactions in compliance with Rule 10b-18 and Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, and in accordance with issuer exemptions under section 4.8(3) and (5) of Canadian National Instrument 62-104 pertaining to issuer bids.
The repurchase program does not obligate the Company to acquire any particular amount of securities, and the repurchase program may be suspended or discontinued at any time at the Company's discretion. The actual timing, number and value of securities repurchased depend on a number of factors, including the market price of the Company's common shares, general market and economic conditions, the Company's financial results and liquidity, and other considerations. The Company will repurchase its common shares at a price per common share that is no greater than the maximum permitted under applicable securities laws. The Company expects to fund share repurchases from existing cash on hand and from future cash generated from operations.
About Village Farms International, Inc.
Village Farms leverages decades of experience in Controlled Environment Agriculture as a large-scale, vertically-integrated supplier of high-value, high-growth plant-based Consumer Packaged Goods. The Company built a strong foundation as the leading and longest-tenured fresh produce supplier to grocery and large-format retailers throughout the US and Canada, but now focuses its agricultural expertise on high-growth cannabinoid opportunities internationally while maintaining strategic optionality through remaining produce assets.
In Canada, the Company's wholly owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world (2.2 million square feet of greenhouse production), a low-cost producer and one of Canada’s highest quality and best-selling brands. The Company owns an incremental 2.6 million square feet of greenhouse capacity in Canada for future expansion, and also owns
Internationally, Village Farms is targeting selected, nascent, legal cannabis opportunities with significant growth potential. The Company exports medical cannabis from its EU GMP certified facility in Canada to international markets including Germany, the United Kingdom, Israel, Australia, and New Zealand. The Company is expanding its export business to new countries and customers, and making select investments in international production assets. In Europe, wholly-owned Leli Holland has one of 10 licenses to grow and distribute recreational cannabis within the Dutch Coffee Shop Experiment.
In the US, wholly-owned Balanced Health Botanicals is one of the leading CBD and hemp-derived brands and e-commerce platforms in the country. Subject to compliance with all applicable US federal and state laws and stock exchange rules, Village Farms plans to enter the US THC market via multiple strategies, leveraging its Texas-based greenhouse assets (2.2 million square feet of existing greenhouse capacity and 950 acres of owned, unoccupied land for future expansion).
Village Farms Clean Energy (VFCE), through a partnership with Atlanta-based Terreva Renewables, creates renewable natural gas from landfill gas at its Delta RNG facility. VFCE receives royalties on all revenue generated.
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 U.S. 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 safe harbor created by those sections. This Press Release also contains "forward-looking information" within the meaning of applicable Canadian securities laws. We refer to such forward-looking statements and forward-looking information collectively as "forward-looking statements". Forward-looking statements may relate to the Company's future outlook or financial position and 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, tariffs, 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 or produce industry, the cannabis industry and market and our energy segment are forward-looking statements. In some cases, forward-looking information can be identified by such terms as "can", "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 similar expressions concerning matters that are not historical facts.
The Company has based these forward-looking statements on factors and assumptions about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. Although the forward-looking statements contained in this Press Release are based upon assumptions that management believes are reasonable based on information currently available to management, there can be no assurance that actual results will be consistent with these forward-looking statements. Forward-looking statements necessarily involve known and unknown risks and uncertainties, many of which are beyond the Company's control, which 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 forward-looking statements. These risks and uncertainties include, among other things, the factors contained in the Company's filings with securities regulators, including this Press Release and the Company’s most recently filed annual report on Form 10-K.
When relying on forward-looking statements to make decisions, the Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future results, performance, achievements, prospects and opportunities. The forward-looking statements made in this Press Release relate only to events or information as of the date on which the statements are made in this Press Release. Except as required by law, 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.
Contact Information
| Sam Gibbons Senior Vice President, Corporate Affairs Phone: (407) 936-1190 ext. 328 Email: sgibbons@villagefarms.com |
FAQ
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