On March 27, 2026, Village Farms International, Inc. (NASDAQ: VFF) announced a favorable amendment to its Amended and Restated Credit Agreement with Farm Credit Canada (FCC). This amendment extends the maturity date of the credit agreement to February 3, 2031, while also reducing the applicable margin on the annual interest rate by 50 basis points. The current balance of the loan stands at approximately USD 15.4 million, with a variable interest rate currently below 7.0%. This strategic move is expected to enhance the company's financial flexibility and reduce interest expenses, thereby supporting its growth initiatives. Stephen Ruffini, Executive Vice President and Chief Financial Officer of Village Farms, expressed satisfaction with the collaborative relationship with FCC, highlighting their support for the company's long-term vision and growth strategy. The amendment reflects the improving strength of Village Farms' business, which is poised for another year of growth in 2026. The company operates one of the largest EU-GMP certified cannabis facilities in Canada and is a significant player in the cannabis market, with a diverse portfolio of brands and products. This amendment is seen as a positive step for Village Farms, potentially leading to increased investor confidence and a favorable impact on its stock price.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.