Key facts
- Village Farms International announced a $15 million registered direct equity investment.
- The investment comes from U.S. institutional investors.
- Proceeds will be used for general corporate purposes.
Village Farms International announced that it has entered into a definitive agreement for a registered direct equity investment totaling approximately $15 million. The investment will be made by a group of leading U.S. institutional investors. The company intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, and potential future acquisitions. The shares are being offered under an effective registration statement filed with the U.S. Securities and Exchange Commission (SEC).