The underwriters in Village Farms International, Inc. US$11.5 million public offering of common shares

Village Farms International, Inc. ("Village Farms") announced that it has completed its underwritten offering of 3,593,750 common shares (the "Offered Shares") in the capital of the Company, including pursuant to the full exercise of the over-allotment option granted to the Underwriter (as defined below), at a price of $3.20 per Offered Share (the "Issue Price") for aggregate gross proceeds to the Company of $11,500,000 (the "Offering"). Village Farm intends to use the net proceeds of the Offering for working capital and general corporate purposes. Beacon Securities Limited (the “Underwiter”) acted as sole underwriter for the Offering. Fasken advised the Underwriter in completing this transaction with a team comprised of John Sabetti (Lead), Markus Liik (Corporate Finance), Zach Austin (Corporate Finance) and Mitchell Thaw (Tax).