Village Farms Enters Material Agreement

TL;DR

VFF signed a big deal on 4/17, more details in the 8-K.

AI Summary

Village Farms International, Inc. filed an 8-K on April 22, 2025, reporting a material definitive agreement entered into on April 17, 2025. The filing also includes Regulation FD disclosures and financial statements/exhibits. The company was formerly known as Agro Power Development, Inc. before a name change on September 30, 2024.

Why It Matters

This filing indicates a significant new contract or partnership for Village Farms International, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not yet fully detailed in this initial filing.

Key Players & Entities

• Village Farms International, Inc. (company) — Registrant
• Agro Power Development, Inc. (company) — Former company name
• April 17, 2025 (date) — Date of earliest event reported
• April 22, 2025 (date) — Date of report

FAQ

From the Filing

0000950170-25-056772.txt : 20250422 0000950170-25-056772.hdr.sgml : 20250422 20250422162832 ACCESSION NUMBER: 0000950170-25-056772 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250417 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250422 DATE AS OF CHANGE: 20250422 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 EIN: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38783 FILM NUMBER: 25858057 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 8-K 1 vff-20250417.htm 8-K 8-K 0001584549 false 0001584549 2025-04-17 2025-04-17   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): April 17, 2025     VILLAGE FARMS INTERNATIONAL, INC. (Exact name of Registrant as Specified in Its Charter)     Ontario 001-38783 98-1007671 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           90 Colonial Parkway   Lake Mary , Florida   32746 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: (407) 936-1190     (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 April 17, 2025, Village Farms International, Inc. ("Village Farms" or “the Company”), entered into an agreement to refinance its syndicated Canadian Cannabis term loans extended by Canadian Imperial Bank of Commerce (“CIBC”), Farm Credit Canada and Bank of Montreal (collectively, the “Original Canadian Cannabis Term Loans”), with CIBC as the lender (the “Refinance Agreement&#82