Village Farms International Inc. has agreed to issue, on a private placement basis, 1,886,793 common shares of the Company to certain accredited investors at a price of CAD$5.30 per common share for total gross proceeds of approximately CAD$10,000,000. The net proceeds of the Offering will be used, if required, to contribute capital to Pure Sunfarms Corp., the Company’s 50%-owned joint venture for large-scale, low-cost, high quality cannabis production in Canada, as it continues conversion of, and ramps up commercial production at, its 1.1 million square foot Delta 3 greenhouse, as well as for general working capital purposes.
How Britney Guerra Transitioned from Cannabis Activist to Running a Legal Retail Store
Britney Guerra is a businessperson and cannabis activist who has seen the industry’s transition from prohibition to a legal and regulated industry that contributes to the Canadian economy. She began her career in Vancouver, working as an advertising manager for Cannabis Culture, an online magazine for the cannabis subculture. Today, she is the general manager of Brant Cannabis, a retail store in Brantford, ON, focused on selling quality products plus educating customers and the community on the drug’s many benefits.