Village Farms cuts FCC loan rate, extends to 2031

Village Farms International, Inc. has amended and extended its loan with long-term lender Farm Credit Canada, lowering the interest margin by 50 basis points and pushing the maturity out four years to February 3, 2031.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Village Farms International, Inc. has amended and extended its loan with long-term lender Farm Credit Canada, lowering the interest margin by 50 basis points and pushing the maturity out four years to February 3, 2031.

The FCC loan is a variable-rate facility currently carrying an interest rate below 7.0%, with a current balance of US $15.4 million, and all other material terms remain unchanged. Management highlights the more than 20-year relationship with FCC and views the amended terms as reflecting improving business strength and positioning for further growth in 2026.

8-K Event Classification

3 items: 1.01, 7.01, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Interest margin reduction: 50 basis points Loan maturity: February 3, 2031 Loan balance: US $15.4 million +4 more

7 metrics

Interest margin reduction 50 basis points Reduction in applicable margin on annual interest rate for FCC loan

Loan maturity February 3, 2031 Extended maturity date of Farm Credit Canada loan

Loan balance US $15.4 million Current balance of FCC variable-rate loan

Current interest level Below 7.0% Current variable interest rate on FCC loan after amendment

Loan extension length Four years Extension of FCC loan maturity to February 3, 2031

Relationship length with FCC Over 20 years Duration of Village Farms’ relationship with Farm Credit Canada

Cultivation footprint Over 7 million square feet Advanced greenhouse and indoor cultivation assets portfolio

Key Terms

Amended and Restated Credit Agreement, variable interest rate, EU-GMP certified, Controlled Environment Agriculture, +2 more

6 terms

Amended and Restated Credit Agreement financial

"amended its Amended and Restated Credit Agreement (the "A&R Credit Agreement") with Farm Credit Canada"

An amended and restated credit agreement is a company’s original loan contract that has been updated and replaced by a single new document incorporating all changes. Think of it like refinancing and rewriting a mortgage so new payment schedules, interest rates, borrowing limits, or borrower obligations are combined into one clear contract. Investors care because those new terms change a company’s cash flow, borrowing flexibility and default risk, which can affect creditworthiness and share value.

variable interest rate financial

"The FCC loan carries a variable interest rate currently below 7.0%"

A variable interest rate is a loan or investment rate that can rise or fall over time because it moves with underlying market rates. It matters to investors because payments, yields and the value of debt instruments can change unpredictably—like an adjustable thermostat that adjusts heating costs as the weather changes—so it affects cash flow, borrowing costs and the expected return or risk of a position.

EU-GMP certified financial

"operates one of the largest EU-GMP certified cannabis facilities in the world"

A EU-GMP certified facility has been inspected and approved under the European Union’s Good Manufacturing Practice rules, which ensure medicines and related products are made consistently to required quality and safety standards. Think of it like a restaurant passing a strict health inspection for every dish. For investors, the certification lowers regulatory and product-risk, helps secure access to EU markets, and signals reliable production and supply chains.

Controlled Environment Agriculture technical

"a legacy built on decades of Controlled Environment Agriculture expertise"

Controlled environment agriculture is the practice of growing fruits, vegetables or herbs inside purpose-built spaces—such as greenhouses or indoor farms—where light, temperature, humidity and water are tightly managed to produce consistent crops year-round. Investors watch it because it turns farming into a predictable, scalable operation (like a factory for plants), affecting yields, costs, supply reliability and price stability, and therefore the revenue and risk profile of businesses involved.

renewable natural gas technical

"transforms landfill gas into renewable natural gas"

Renewable natural gas is methane captured from organic waste—like landfills, farms, or wastewater—and cleaned to the same quality as conventional pipeline gas so it can be used for heating, electricity, or vehicle fuel. Investors care because it turns waste into a revenue-generating commodity, can qualify for carbon credits or government incentives, and can reduce a company's emissions profile, affecting long-term costs, regulatory risk, and market demand much like converting trash into sellable fuel.

hemp-derived wellness platforms financial

"its CBDistillery brand is one of the country’s largest independent hemp-derived wellness platforms"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What loan change did Village Farms (VFF) announce with Farm Credit Canada?

Village Farms amended and extended its loan with Farm Credit Canada, cutting the interest margin by 50 basis points and extending the maturity date to February 3, 2031. All other material terms of the US $15.4 million variable-rate loan remain unchanged.

How large is Village Farms’ amended Farm Credit Canada loan?

The amended Farm Credit Canada loan for Village Farms has a current balance of US $15.4 million. It carries a variable interest rate that is currently below 7.0%, and the company reports that all other material loan terms continue as before.

What is the new maturity date of Village Farms’ FCC loan?

The maturity date of Village Farms’ Farm Credit Canada loan has been extended four years to February 3, 2031. This extension lengthens the company’s debt repayment horizon while keeping all other material loan terms the same as prior to the amendment.

How did the interest rate change on Village Farms’ FCC loan?

Village Farms reduced the applicable margin on its Farm Credit Canada loan’s annual interest rate by 50 basis points. The facility now carries a variable interest rate currently below 7.0%, reflecting what management describes as a favorable amendment to existing terms.

What does Village Farms say about its relationship with Farm Credit Canada?

Village Farms’ CFO describes the relationship with Farm Credit Canada as collaborative and notes FCC has been a valued partner for over 20 years. The company believes the improved terms signal FCC’s continued support for its long-term vision and growth strategy.

How does Village Farms characterize its business outlook for 2026?

Village Farms’ CFO states the company believes the amended loan terms demonstrate improving business strength and that it is positioned for another year of growth in 2026. This reflects management’s outlook rather than a detailed financial forecast or specific guidance figures.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/30/2026 - 05:42 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): March 27, 2026

    

VILLAGE FARMS INTERNATIONAL, INC.

(Exact name of Registrant as Specified in Its Charter)


Ontario	001-38783	98-1007671
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

90 Colonial Parkway
Lake Mary, Florida		32746
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: (407) 936-1190

    

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Shares, without par value	VFF	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On March 27, 2026, Village Farms International, Inc. ("Village Farms" or “the Company”), amended its Amended and Restated Credit Agreement (the "A&R Credit Agreement") with Farm Credit Canada ("FCC") as the lender (the "Amendment").

The Amendment will extend the maturity date of the A&R Credit Agreement to February 3, 2031 and reduce the current applicable margin on the annual interest rate by 50 basis points.

Item 7.01 Regulation FD Disclosure.

On March 30, 2026, the Company issued a press release announcing the Amendment as described above. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.

The information contained in this Current Report on Form 8-K under Item 7.01, including Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. The information contained in this Current Report on Form 8-K under Item 7.01, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.


Exhibit Number		Description
99.1		Press Release dated March 30, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			Village Farms International, Inc.

Date:	March 30, 2026	By:	/s/ Stephen C. Ruffini
			Name: Stephen C. Ruffini Title: Executive Vice President and Chief Financial Officer

Exhibit 99.1

Village Farms Favorably Amends and Extends Farm Credit Canada Loan

Company improves interest rate by 50 basis points and extends maturity four years to February of 2031

VANCOUVER, British Columbia, March 30, 2026 – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that it has favorably amended and extended its loan with its long-term lender, Farm Credit Canada (FCC). The Company improved the interest rate on the loan by 50 basis points and extended the maturity date by four years to February 3, 2031. The FCC loan carries a variable interest rate currently below 7.0%, with a current balance of US $15.4 million. All other material terms of the loan remain unchanged.

Stephen Ruffini, Executive Vice President and Chief Financial Officer of Village Farms commented, “We remain very pleased with the collaborative nature of our relationship with FCC, who has been a valued partner over the last 20 years and remains a strong supporter of our long-term vision and growth strategy. We believe these amendments continue to demonstrate the improving strength of our business, which is positioned for another year of growth in 2026.”

About Village Farms International, Inc.

Village Farms is a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. With a legacy built on decades of Controlled Environment Agriculture expertise and Dutch farming practices, today the Company is one of the world’s largest and most profitable cannabis operators with an asset portfolio that spans over 7 million square feet of advanced greenhouse and indoor cultivation assets.

In Canada, Village Farms operates one of the largest EU-GMP certified cannabis facilities in the world from its production campus in Delta, British Columbia, and exports products to international medical markets. The Company is also a market share leader in dried flower formats and produces and distributes some of the country’s highest quality and best-selling strains, including its flagship Pure Sunfarms Pink Kush, one of the most widely consumed strains on the planet. Village Farms’ Canadian brand portfolio includes Pure Sunfarms, Fraser Valley Weed Co., Soar, Super Toast, Pure Laine, Tam Tams and Promenade.

In the Netherlands, the Company is one of only ten licensed operators in the country’s regulated cannabis program, and in the United States its CBDistillery brand is one of the country’s largest independent hemp-derived wellness platforms. Beyond cannabis, the Company’s Clean Energy division transforms landfill gas into renewable natural gas, and it also holds an equity interest in Vanguard Food LP, a private venture pursuing strategic acquisitions to build a premier branded food platform in North America.

Contact Information

     Sam Gibbons
Senior Vice President, Corporate Affairs
Phone: (407) 936-1190 ext. 328
Email: sgibbons@villagefarms.com

    

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents

Press Releases

EX-99.1 EX-99.1 11.4 KB