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Village Farms International Partners with Dutch Enterprise to Pursue First Legal Recreational Cannabis Market in Europe

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Submitted by Elsewhere on 2020-Jul-08 Wed 11:37
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500Foods shared this story from Yahoo! Finance: VFF.TO News.

Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) (TSX: VFF) today announced that it has executed a definitive agreement with DutchCanGrow Inc. ("DCG"), a Netherlands-based cannabis enterprise, to become one of six equal shareholders in DCG owning just under 16% each, with a seventh shareholder owning 5%. DCG is pursuing the opportunity to become one of a limited number of licensed cannabis growers (up to a maximum of 10) when the Dutch government permits the first legal recreational cannabis market in Europe under its 10-city Experiment to Investigate Closed Cannabis Supply Chains (the "WECG").