Village Farms International has announced that it has begun processing orders and deliveries at its wholly-owned Leli Holland subsidiary in the Netherlands, meeting its previously-disclosed guidance on its timeline to commencement of sales in the Dutch market. The Company completed its first harvest from its indoor cannabis production facility in Drachten, Netherlands in December and will begin deliveries of cannabis to Dutch coffeeshops on February 7, 2025.
Michael DeGiglio, President and Chief Executive Officer of Village Farms International commented, "Today's news marks the culmination of nearly five years of work by our team to commercialize Leli's operations, and we are thrilled to begin deliveries to Dutch coffeeshops and meet our previously-disclosed timeline to launch of sales. With a long-established culture of legal cannabis consumption, a zero-tax policy toward regulated products, and a considerably more favorable pricing environment than Canada, the Dutch market represents one of the most attractive cannabis investment opportunities globally. We are confident in our ability to continue executing a profitable international growth strategy, and look forward to continued collaboration with the Dutch government to create a model for success in regulating cannabis internationally."
For more information:
Village Farms International Inc.
Tel.: +1 (407) 936-1190
villagefarms.com