Village Farms International, Inc. Amends and Extends Loan with Farm Credit Canada

On March 30, 2026, Village Farms International, Inc. (NASDAQ: VFF) made headlines by announcing a favorable amendment and extension of its loan agreement with Farm Credit Canada (FCC). This strategic decision is seen as a pivotal step for the company, which is well-known for its leadership in the cannabis sector and sustainable agricultural practices.

The amended loan features a significant improvement in the interest rate, which has been reduced by 50 basis points. This brings the variable interest rate to below 7.0%. The company’s current balance on the loan stands at US $15.4 million, with the maturity date now extended by four years to February 3, 2031. Notably, all other material terms of the loan remain unchanged, indicating a stable financial arrangement that allows Village Farms to focus on its growth initiatives.

Stephen Ruffini, Executive Vice President and Chief Financial Officer of Village Farms, expressed satisfaction with the ongoing relationship with FCC. He noted, “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.” Ruffini emphasized that these amendments signal the strengthening of Village Farms' business, which is poised for another year of growth in 2026.

Village Farms is recognized as a global leader in cannabis and plant-based consumer packaged goods, underpinned by decades of expertise in Controlled Environment Agriculture and Dutch farming techniques. The company boasts one of the largest and most profitable cannabis operations worldwide, with an impressive asset portfolio that encompasses over 7 million square feet of advanced greenhouse and indoor cultivation facilities.

In Canada, Village Farms operates a premier EU-GMP certified cannabis facility located in Delta, British Columbia. This facility serves as a significant contributor to its export operations in international medical markets. The company has made a name for itself in the dried flower segment, producing some of the highest quality and best-selling strains, including the flagship Pure Sunfarms Pink Kush—one of the most consumed strains globally. Its diverse Canadian brand portfolio includes names like Pure Sunfarms, Fraser Valley Weed Co., Soar, and Super Toast.

Beyond its Canadian operations, Village Farms holds a position as one of just ten licensed operators in the Netherlands' regulated cannabis market. In the United States, its CBDistillery brand is recognized as a leading independent platform for hemp-derived wellness products. Furthermore, the company is making strides in renewable energy through its Clean Energy division, which converts landfill gas into renewable natural gas. Village Farms also maintains an equity interest in Vanguard Food LP, a private venture aimed at building a premier branded food platform in North America.

The favorable amendment and extension of the loan with Farm Credit Canada marks a significant milestone for Village Farms International, Inc. As the company continues to navigate the evolving landscape of the cannabis industry and expand its sustainable practices, this financial maneuver reinforces its commitment to long-term growth and stability. With a robust portfolio and an eye on innovation, Village Farms is set to make waves in 2026 and beyond.