VANCOUVER, BC - Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) (TSX: VFF) today announced that Pure Sunfarms has received from Health Canada an amendment to its standard cannabis processing license that authorizes the sale of cannabis extract, as well as edible and topical cannabis products, produced by Pure Sunfarms at its processing operations located within its Delta 3 production facility, to provincial/territorial boards and directly to authorized retailers. The amendment permits Pure Sunfarms to begin internal extraction operations for its recently launched vape and bottled oil products, as well as additional Cannabis 2.0 products, which Pure Sunfarms expects to launch in the months to come.
"The receipt of this license amendment enables Pure Sunfarms to begin the production and sale of its internally processed vape and bottled oil products and, importantly, is the final approval required to fully execute our Cannabis 2.0 product strategy," said Mandesh Dosanjh, President and CEO, Pure Sunfarms. "We will continue to explore the introduction of a variety of additional Cannabis 2.0 products to the market to meet the evolving preferences of the Canadian cannabis consumer – always with the goal to provide consumers with pure, BC-grown cannabis products at an affordable price."
"This approval comes on the heels of Pure Sunfarms' recent launch of its first extracted products – co-manufactured vapes and bottled oils – which have had strong initial sell-through in each of the provinces in which they have been launched," said Michael DeGiglio, CEO, Village Farms International. "We have always recognized the value of Pure Sunfarms having its own internal extraction operations. It not only enables the generation of a significantly higher gross margin on extracted products but also provides control over the entire production process to ensure the highest levels of quality and safety. It also enables Pure Sunfarms to expeditiously launch additional strains, formats and SKUs of Cannabis 2.0 and bottled oil products."
Pure Sunfarms' extraction operations, located within its 65,000 square foot, state-of-the-art processing center (housed in its 1.1 million square foot Delta 3 greenhouse facility), are capable of processing 35,000 kilograms of biomass annually.
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