Village Farms International Files 2024 10-K
Ticker: VFF · Form: 10-K · Filed: 2025-03-13T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, agriculture, cannabis
TL;DR
VFF filed its 2024 10-K. Details on US cannabis ops and financials are in.
AI Summary
Village Farms International, Inc. filed its 2024 10-K on March 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly known as Agro Power Development, Inc. and Village Farms International, Inc. prior to name changes, operates in the agriculture production sector. Key financial data and business segments, including its U.S. cannabis operations, are detailed within the filing.
Why It Matters
This filing provides a comprehensive overview of Village Farms International's financial performance and strategic positioning for the fiscal year 2024, offering insights into its operations, including its U.S. cannabis segment.
Risk Assessment
Risk Level: medium — The filing contains specific risk factors and financial data that require careful analysis to understand the company's financial health and future prospects.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-03-13 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- Village Farms International, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-03-13 (date) — Filing date
- Agro Power Development, Inc. (company) — Former company name
- 0000950170-25-038326 (other) — Accession number
FAQ
What were the key financial highlights for Village Farms International in fiscal year 2024?
The filing for the fiscal year ending December 31, 2024, provides detailed financial statements and performance metrics, but specific dollar amounts for revenue, net income, or other key financial figures are not explicitly listed in the provided header information.
What is the company's primary industry classification?
Village Farms International, Inc. is classified under AGRICULTURE PRODUCTION - CROPS [0100].
Has the company undergone any name changes?
Yes, the company was formerly known as Agro Power Development, Inc. (name change effective 2024-09-30) and also previously as Village Farms International, Inc. (name change effective 2013-08-15).
What are some of the specific segments or business areas mentioned in the filing?
The filing references segments such as vff:CannabisUnitedStatesSegmentMember, vff:BrandMember, and vff:OtherSalesMember, indicating operations in the U.S. cannabis market and branded products.
When was the company incorporated, and where is its principal business address?
The state of incorporation is A6, and the business address is 90 Colonial Center Parkway, Lake Mary, FL 32746.
From the Filing
0000950170-25-038326.txt : 20250313 0000950170-25-038326.hdr.sgml : 20250313 20250313070651 ACCESSION NUMBER: 0000950170-25-038326 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 101 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250313 DATE AS OF CHANGE: 20250313 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: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38783 FILM NUMBER: 25733814 BUSINESS ADDRESS: STREET 1: 90 COLONIAL CENTER PKWY CITY: LAKE MARY STATE: FL ZIP: 32746 BUSINESS PHONE: 4079361190 MAIL ADDRESS: STREET 1: 90 COLONIAL CENTER PKWY CITY: LAKE MARY STATE: FL ZIP: 32746 FORMER COMPANY: FORMER CONFORMED NAME: Agro Power Development, Inc. DATE OF NAME CHANGE: 20240930 FORMER COMPANY: FORMER CONFORMED NAME: Village Farms International, Inc. DATE OF NAME CHANGE: 20130815 10-K 1 vff-20241231.htm 10-K 10-K FY false 0001584549 Unlimited Unlimited 1 years 1 years http://fasb.org/srt/2024#ChiefExecutiveOfficerMember http://fasb.org/srt/2024#ChiefExecutiveOfficerMember http://fasb.org/us-gaap/2024#OperatingIncomeLoss 0001584549 us-gaap:LeaseholdsAndLeaseholdImprovementsMember srt:MaximumMember 2024-12-31 0001584549 vff:CannabisUnitedStatesSegmentMember vff:BrandMember vff:DecreaseInFutureRevenueRateBy10Member 2023-12-31 0001584549 us-gaap:RetainedEarningsMember 2023-12-31 0001584549 vff:RoseAcquisitionMember us-gaap:AdditionalPaidInCapitalMember 2024-05-29 2024-05-29 0001584549 vff:SalesAgreementMember 2022-12-31 0001584549 vff:CannabisUnitedStatesSegmentMember vff:IncreaseOf1ToDiscountRateMember vff:BrandMember 2023-01-01 2023-12-31 0001584549 vff:OtherSalesMember vff:CannabisBusinessMember 2023-01-01 2023-12-31 0001584549 us-gaap:GoodwillMember vff:CannabisUnitedStatesSegmentMember 2024-01-01 2024-06-30 0001584549 vff:CannabisCanadaSegmentMember us-gaap:OperatingSegmentsMember 2024-12-31 0001584549 us-gaap:LicensingAgreementsMember 2024-12-31 0001584549 us-gaap:GoodwillMember vff:CannabisCanadaSegmentMember vff:DeclineOf5InFutureCashFlowRateMember 2024-01-01 2024-12-31 0001584549 vff:CannabisBusinessMember country:US 2022-12-31 0001584549 vff:CannabisCanadaSegmentMember vff:BrandMember vff:DecreaseToIncrementalRoyaltyRateBy012Member 2023-01-01 2023-12-31 0001584549 vff:OtherSalesMember vff:CannabisBusinessMember 2024-01-01 2024-12-31 0001584549 vff:PerformanceBasedRestrictedShareUnitMember 2023-01-01 2023-12-31 0001584549 vff:BrandedSalesMember vff:CannabisBusinessMember 2023-01-01 2023-12-31 0001584549 vff:CanadianCreditorMember vff:TwoThousandTwentyOneNonRevolvingVariableRateTermLoanMember 2023-12-31 0001584549 us-gaap:GoodwillMember vff:CannabisUnitedStatesSegmentMember vff:IncreaseOf1ToDiscountRateMember 2023-01-01 2023-12-31 0001584549 vff:MajorCustomerOneMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2023-01-01 2023-12-31 0001584549 us-gaap:ShareBasedCompensationAwardTrancheOneMember 2024-01-01 2024-12-31 0001584549 us-gaap:BuildingMember 2023-12-31 0001584549 us-gaap:CommonStockMember 2021-12-31 0001584549 2024-10-17 0001584549 2023-01-30 0001584549 us-gaap:CommonStockMember 2022-12-31 0001584549 us-gaap:OperatingSegmentsMember vff:LeliBusinessMember 2023-12-31 0001584549 us-gaap:CorporateMember 2024-01-01 2024-12-31 0001584549 us-gaap:GoodwillMember vff:CannabisCanadaSegmentMember vff:IncreaseOf05ToDiscountRateMember 2023-01-01 2023-12-31 0001584549 us-gaap:CorporateMember 2024-12-31 0001584549 us-gaap:NoncontrollingInterestMember 2022-12-31 0001584549 vff:MajorSignificantCustomersMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember country:CA 2023-01-01 2023-12-31 0001584549 vff:PublicUtilitiesInventoryPackagingMember vff:CannabisBusinessMember 2024-12-31 000