Entry into a Material Definitive Agreement · Regulation FD Disclosure
Item 1.01 Entry into a Material Definitive Agreement. On February 20, 2026, Village Farms International, Inc. ("Village Farms" or “the Company”), amended its Canadian Cannabis credit facility with Canadian Imperial Bank of Commerce ("CIBC") (the "Amendment"). The Amendment will increase loan commitments with CIBC by CAD $15 million and extending existing maturities by one year to February 2029.…
Filed Feb 23, 2026Accepted Feb 23, 2026, 4:30 PM ESTCIK 1584549Accession 0001193125-26-064109
Village Farms is a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. With a legacy built on decades of Controlled Environment Agriculture expertise and Dutch farming practices, today the Company is one of the world’s largest and most profitable cannabis operators with an asset portfolio that spans over 7 million square feet of advanced greenhouse and indoor cultivation assets.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On February 20, 2026, Village Farms International, Inc. ("Village Farms" or “the Company”), amended its Canadian Cannabis credit facility with Canadian Imperial Bank of Commerce ("CIBC") (the "Amendment").
The Amendment will increase loan commitments with CIBC by CAD $15 million and extending existing maturities by one year to February 2029. The incremental debt financing comes in the form of a delayed draw term loan, from which the Company drew an initial CAD $5 million on February 20, 2026. All other terms of the credit facility loans remain unchanged.
A copy of the Amendment will be filed as an exhibit to the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2026.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On February 23, 2026, the Company issued a press release announcing the Amendment as described above. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
The information contained in this Current Report on Form 8-K under Item 7.01, including Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. The information contained in this Current Report on Form 8-K under Item 7.01, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.
Filed exhibits (1)
EX-99.1 (by filename) vff-ex99_1.htm
EX-99.1
2
vff-ex99_1.htm
EX-99.1
EX-99.1
Exhibit 99.1
Village Farms Amends and Extends Canadian Cannabis Credit Facility
Company upsizes loan commitments by CAD $15 million and extends maturities one year to February 2029
Incremental debt capital provides flexibility for additional growth investments at rates below 6.0%
Vancouver, British Columbia, February 23, 2026 - Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF), today announced that on February 20, 2026 it amended and extended its Canadian cannabis credit facility by upsizing loan commitments with existing lenders by CAD $15 million and extending maturities one year to February 2029. The incremental debt financing comes in the form of a delayed draw term loan, from which the Company drew an initial CAD $5 million on February 20, 2026. All other terms of the credit facility loans remain unchanged, with variable interest rates currently below 6.0%.
Michael DeGiglio, Chief Executive Officer of Village Farms commented, “Today’s announcement demonstrates the strong credit profile of Village Farms established through record financial performance and continued leadership in global cannabis …