Wednesday, March 04, 2020 8:42:34 AM
IN THE LAST QUARTERLY
Moving to the U.S. hemp with CBD; now turning to this program, as we did in Canada with Pure Sunfarms, we're building a rock-solid foundation of exceptional grow our operations, upon which we can and will build a vertically integrated business, and exceptional brand for long-term success of the CBD market. In our outdoor hemp program, very pleased to report that our first growing season has been a solid success. We've just completed harvesting inflow [Phontetic] of 625 acres, average yield of these 625 acres was 1,600 pounds per acre of separated material, that is milled flower, that has been separated from the stocks.
This was well in excess of our projections, resulting in a total of approximately 1 million total pounds of separated material. Success is a testament to the deep experience of our great JV partners, as well as the exceptional roster of growers with whom we were able to contract through their extensive network. We expect to begin sales of biomass as early as this quarter. These results are even more encouraging, given that the certain aspects of the 2019 season were experimental. The science around growing hemp is very much in its early days and as a result of prior legal status. Importantly, our first growing season -- but has provided tremendous learning that will be invaluable in our future growth. All of this sets up very well, as we look to expand in higher margin downstream products.
They also stated:
Within this processing center Pure Sunfarms recently finished installation of extraction equipment capable of processing initially 35,000 kilograms of biomass annually. We expect it to be operational by the second quarter of next year, subject of course to Health Canada licensing and our own testing and calibration.
Recent VFF News
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 07/09/2024 04:15:13 AM
- Pure Sunfarms Launches Grower-Led ‘Trials’ Program • GlobeNewswire Inc. • 06/27/2024 10:30:00 PM
- ROSE LifeScience announces quality upgrade to top-selling Pure Laine Big Pleasures • GlobeNewswire Inc. • 06/25/2024 11:00:00 AM
- Village Farms International to Present at iAccess Alpha Virtual Conference June 25 and 26 • GlobeNewswire Inc. • 06/24/2024 11:00:00 AM
- Village Farms International Reminds Shareholders to Cast Annual Meeting Votes • GlobeNewswire Inc. • 06/21/2024 11:00:00 AM
- Village Farms International Congratulates Netherlands on Cannabis Program Milestone • GlobeNewswire Inc. • 06/20/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/31/2024 08:05:11 PM
- Village Farms International Amends and Extends Operating Loan • GlobeNewswire Inc. • 05/31/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:43:27 PM
- Village Farms International Boosts Ownership in Fast-Growing Rose LifeScience • GlobeNewswire Inc. • 05/30/2024 11:00:00 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 05/22/2024 08:16:47 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:05:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/17/2024 08:05:19 PM
- Village Farms International Applauds Historic Move Toward U.S. Marijuana Rescheduling • GlobeNewswire Inc. • 05/17/2024 11:00:00 AM
- Introducing Kush God: the next big strain from Pure Sunfarms • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 05/15/2024 08:13:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:30:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:30:16 PM
- Village Farms International Appoints Finance and Operations Veteran Carolyn Hauger to Board • GlobeNewswire Inc. • 05/13/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 11:10:39 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 11:05:29 AM
- Village Farms International Reports Strong Q1/24 Results • GlobeNewswire Inc. • 05/08/2024 11:00:00 AM
- Village Farms International to Report Q1/24 Results on May 8, 2024 • GlobeNewswire Inc. • 04/26/2024 11:00:00 AM
- Village Farms International Expands Executive Team • GlobeNewswire Inc. • 04/24/2024 11:00:00 AM
- A category innovation: Pure Sunfarms introduces Hi-Def Pre-Rolls • GlobeNewswire Inc. • 04/18/2024 11:00:00 AM
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