Village Farms International has reaffirmed its commitment to the Texas cannabis industry after receiving notice that it was not awarded a conditional medical license as part of the Phase I license awards granted by the Texas Department of Public Safety (DPS) on December 1, 2025. The company is not yet aware how its application was scored by DPS, but plans to review the licensing process and scoring methodologies with advisors as more information becomes available. The company's application will be considered again during the Phase II round of conditional license awards in April of next year.
Michael A. DeGiglio, President and Chief Executive Officer of Village Farms commented, "We remain committed to supporting the Texas cannabis industry, as the outcome of Phase I awards has zero impact on our financial performance, outlook or strategy. We've proven that we don't need first mover advantage to be successful, and will continue pursuing other opportunities to activate our Texas assets for cannabinoid production in the future. We believe our operational capabilities and infrastructure are well suited to support a viable industry in the State of Texas, and will continue working with policy makers and regulators to advocate for commonsense reform that enables safe access to affordable products."
For more information:
Village Farms International Inc.
www.villagefarms.com
