News From Elsewhere Logo Banner

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

Profile picture for user Elsewhere
Submitted by Elsewhere on 2020-Jul-08 Wed 11:37
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").