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Village Farms partners with Dutch enterprise to pursue legal recreational cannabis market (NASDAQ:VFF)
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Village Farms International (VFF +3.8%) announced a definitive agreement with DutchCanGrow Inc., becoming one of six equal shareholders in DutchCanGrow owning just under 16% each.DutchCanGrow Inc., a Netherlands-based cannabis enterprise, pursuing the opportunity to become one of a limited number of licensed cannabis growers.In return for its ownership position, Village Farms will contribute its proven experience and capabilities, as well as a de minimis cash investment."Our investment in DutchCanGrow is a momentous first step in leveraging all that Village Farms has accomplished in Canada to become a leader in the burgeoning international cannabis industry," commented Michael DeGiglio, CEO VFF.
Village Farms International, Inc. (VFF) Partners with Dutch Enterprise to Pursue First Legal Recreational Cannabis Market in Europe