Village Farms International announced on February 20, 2026 it amended and extended its Canadian cannabis credit facility by upsizing loan commitments with existing lenders by CAD $15 million and extending maturities one year to February 2029.
The incremental debt financing comes in the form of a delayed draw term loan, from which the Company drew an initial CAD $5 million on February 20, 2026. All other terms of the credit facility loans remain unchanged, with variable interest rates currently below 6.0%.
Michael DeGiglio, Chief Executive Officer of Village Farms commented, "Today's announcement demonstrates the strong credit profile of Village Farms established through record financial performance and continued leadership in global cannabis markets. We remain in a very strong net cash position, and are pleased with the collaborative relationship with our lenders who are eager to support our continued growth. Our access to capital is a strong competitive advantage, and we believe this incremental financing reflects a responsible use of our balance sheet to enhance existing operating capabilities while preserving significant optionality for additional accretive organic and acquisitive growth opportunities."
For more information:
Village Farms International Inc.
www.villagefarms.com
