Village Farms Enters Material Definitive Agreement

Ticker: VFF · Form: 8-K · Filed: 2024-05-30T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, definitive-agreement

Related Tickers: VFF

TL;DR

VFF signed a big deal, details TBD.

AI Summary

Village Farms International, Inc. announced on May 29, 2024, that it has entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or financial terms, but indicates it is a significant event requiring immediate disclosure.

Why It Matters

This filing signals a significant business development for Village Farms International, Inc., potentially impacting its future operations, financial performance, and stock value.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and implications of the material definitive agreement.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Village Farms International, Inc.?

The filing does not specify the nature of the material definitive agreement, only that one has been entered into as of May 29, 2024.

Who is the counterparty to this material definitive agreement?

The filing does not disclose the identity of the other party involved in the material definitive agreement.

Are there any financial terms associated with this agreement disclosed in the filing?

No, the filing does not provide any specific financial terms or amounts related to the material definitive agreement.

What is the significance of an 'Entry into a Material Definitive Agreement' filing?

This type of filing is required by the SEC when a company enters into a contract that is 'material,' meaning it is important enough to affect the company's financial condition or operations.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on May 29, 2024.

From the Filing

0000950170-24-066709.txt : 20240530 0000950170-24-066709.hdr.sgml : 20240530 20240530164327 ACCESSION NUMBER: 0000950170-24-066709 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240529 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Village Farms International, Inc. CENTRAL INDEX KEY: 0001584549 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38783 FILM NUMBER: 241006162 BUSINESS ADDRESS: STREET 1: 4700 - 80TH STREET CITY: DELTA, BRITISH COLUMBIA STATE: Z4 ZIP: V4K 3N3 BUSINESS PHONE: 732-676-3008 MAIL ADDRESS: STREET 1: 4700 - 80TH STREET CITY: DELTA, BRITISH COLUMBIA STATE: Z4 ZIP: V4K 3N3 8-K 1 vff-20240529.htm 8-K 8-K false 0001584549 00-0000000 0001584549 2024-05-29 2024-05-29   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): May 29, 2024     VILLAGE FARMS INTERNATIONAL, INC. (Exact name of Registrant as Specified in Its Charter)     Ontario 001-38783 Not applicable (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           4700-80th Street British Columbia Canada   Delta , British Columbia , Canada   V4K 3N3 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: (604) 940-6012     (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 May 29, 2024, Village Farms International, Inc. (“Village Farms” or the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”), dated as of May 29, 2024, by and among Village Farms, ROSE LifeScience Inc. (“ROSE”) and other parties thereto, including the members of ROSE (collectively, the “Sellers”), which provided for the acquisition of an additional 10% interest in ROSE, in which the Company previously had a 70% ownership interest, pursuant to the terms

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