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Stock impact report

Village Farms International Confirms Majority Ownership Interest in Pure Sunfarms

Village Farms International, Inc. - Common Shares (VFF) 
Last village farms international, inc. - common shares earnings: 3/30 07:25 pm Check Earnings Report
Company Research Source: PR Newswire
VANCOUVER, Nov. 26, 2019 /PRNewswire/ - Village Farms International, Inc. ("Village Farms") (TSX: VFF; Nasdaq: VFF) today responds to inaccurate and misleading public disclosure by Emerald Health Therapeutics, Inc. ("Emerald") and provides an update in respect of its majority ownership interest in Pure Sunfarms Corp. ("Pure Sunfarms"), as described in more detail in Village Farms' press release dated November 19, 2019 (the "Prior VF Press Release").Additional Equity Contribution Accepted:  Village Farms Confirms Majority Ownership Interest in Pure SunfarmsAs a result of Emerald's failure to pay $5,940,000 to Pure Sunfarms on November 1, 2019 (the "Emerald Payment Default"), Village Farms made an additional equity contribution (the "VF Additional Equity Contribution") and increased its ownership in Pure Sunfarms on November 19, 2019, thereby becoming the majority owner of Pure Sunfarms. Notwithstanding the position communicated in Emerald's press release of November 20, 2019, which app Show less Read more
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