Village Farms completes first shipment to New Zealand

Village Farms International has done its first shipment to New Zealand through its wholly-owned subsidiary Pure Sunfarms. The shipment features Pink Kush, the top-selling dried flower strain over the past four years in Canada, the largest federally legal market in the world.

Pink Kush, along with a portfolio of other strains, will be distributed in New Zealand by Medleaf Therapeutics under its the 'Bloom' brand, created specifically for products from Pure Sunfarms. The New Zealand cannabis market is projected to grow at a compound annual growth rate of 58% by 20302.

Michael DeGiglio, Chief Executive Officer of Village Farms commented, "Pink Kush is a major contributor to the continuing success of Village Farms' Canadian Cannabis business and is being sought out internationally as we continue expanding our presence in strategic markets around the world. We are proud to export Pure Sunfarms' leading cannabis products to growing international medical markets, and to announce this partnership with Medleaf. The addition of New Zealand to our international portfolio represents another meaningful step forward in our strategy to continue to grow our international cannabis business."

Courtney Letica, Chief Executive Officer of Medleaf, commented, "We are excited to bring Canada's number one cannabis product to New Zealand patients. Pure Sunfarms' renowned Pink Kush has an amazing track record and we are eager to share this offering."