Village Farms International’s Well balanced Health and fitness Botanicals Strengthens Senior Management Group with Appointment of Consumer Merchandise Veteran Alejandro de Gortari as CFO

– Mr. de Gortari Provides A lot more Than 15 Several years of Professional, Finance and Accounting Practical experience with Molson Coors

VANCOUVER, BC, Aug. 30, 2021 /CNW/ – Village Farms Intercontinental, Inc. (“Village Farms” or the “Corporation”) (NASDAQ: VFF) (TSX: VFF) nowadays announced its recently acquired, wholly owned subsidiary, Colorado-based mostly Well balanced Wellbeing Botanicals (“Balanced Health”), has appointed customer goods and finance veteran, Alejandro “Alex” de Gortari, as Main Money Officer. Mr. de Gortari succeeds Brandon Townsley, who has still left Well balanced Health to pursue other vocation passions.

Mr. de Gortari is an completed finance and commercial leader, getting served in significantly senior positions in the US customer merchandise and cannabis industries, such as more than 15 a long time with Molson Coors Brewing Co.

“On the heels of the acquisition of Well balanced Health by Village Farms, I am thrilled to welcome a finance and commercial qualified of Alex’s caliber to the Balanced Wellbeing team,” claimed Chase Terwilliger, President and CEO, Balanced Overall health Botanicals. “Alex delivers approximately two decades of working experience, in both of those big and compact controlled customer product or service sectors to Well balanced Overall health, as we embark on this new chapter of our development tale as portion of the Village Farms family.”

“Alex’s intensive working experience in client merchandise provides to Balanced Health’s formidable senior management group,” mentioned Michael DeGiglio, CEO Village Farms. “We glance forward to Alex’s contributions as Well balanced Health continues to expand their cannabinoid system, with future extra advancement alternatives through possible pathways to the superior-THC cannabis current market in the US.”

Prior to becoming a member of Balanced Health, from 2004 to 2020, Mr. de Gortari held a variety of finance, accounting, income and similar roles with Molson Coors Brewing Co., including Finance Director, Latin The us South, Finance Senior Manager, Latin The united states & Caribbean Export Industrial, Business enterprise Improvement & Craft, and culminating in his situation as Normal Supervisor, Emerging Marketplaces (all with the Molson Coors Worldwide division). Mr. de Gortari was also Main Economic Officer at Denver-primarily based BellRock Makes, Inc., a countrywide cannabis residence of brand names and mental house-focused CPG company. Mr. de Gortari holds a Bachelor of Science in Accounting from the Indiana University Kelley University of Company.

Mr. Terwilliger included, “On behalf of the full Balanced Health and fitness team, I would like to thank Brandon for his important contribution to the progress and success of our enterprise. We desire him the incredibly greatest in his upcoming endeavors.”

About Well balanced Health Botanicals

Well balanced Overall health develops and sells superior-high quality, CBD-centered health and wellness products and solutions. With an overriding target on quality and compliance, Balanced Health has founded a diverse portfolio of CBD and other cannabinoid products, such as ingestible, edible and topical apps that are distributed via e-commerce and brick and mortar retail channels. Its e-commerce platform, CBDistillery™ (www.theCBDistillery.com), is a major-five US CBD manufacturer and best-rated website in the CBD class, with a lot more than 30,000 orders regular and a substantial repeat client foundation. By way of its long-term partnerships, Well balanced Health and fitness has control of the total offer chain from seed-to-shelf, seamless sourcing, manufacturing, and sale of superior-top quality stop products throughout a broad range of forms and uses.

About Village Farms Global, Inc.

Village Farms leverages decades of encounter as a substantial-scale, Controlled Ecosystem Agriculture-based mostly, vertically integrated supplier for substantial-value, superior-expansion plant-based mostly Purchaser Packaged Products, with a solid basis as a main new develop provider to grocery and huge-structure retailers all over the US and Canada, alongside with new high-advancement possibilities in the cannabis and CBD groups in North The united states and selected marketplaces internationally.

In Canada, the Firm’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one particular of the solitary greatest hashish operations in the world, the cheapest-price tag greenhouse producer and a single of the ideal-selling models.

In the US, wholly owned Balanced Health and fitness Botanicals is 1 of the primary CBD manufacturers and e-commerce platforms in the place.

Subject matter to compliance with all applicable US federal and point out rules and stock trade guidelines, Village Farms options to enter the US higher-THC hashish industry by way of a number of techniques, leveraging a single of the premier greenhouse operations in the region (far more than 5.5 million square ft in West Texas), as perfectly as the operational and product or service know-how acquired as a result of Pure Sunfarms’ cannabis achievement in Canada.

Internationally, Village Farms is focusing on chosen, nascent, lawful cannabis and CBD prospects with substantial medium- and long-term potential, with an first concentration on the Asia-Pacific area and Europe.

Cautionary Assertion Concerning Forward-On the lookout Details

This press release incorporates ahead-wanting statements within the that means of the United States Private Securities Litigation Reform Act of 1995, Area 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Portion 21E of the Securities Exchange Act of 1934, as amended (the “Trade Act”), and is issue to the safe harbor made by all those sections. This press launch also includes “forward-searching details” inside of the meaning of applicable Canadian securities legislation. Forward-looking info can be recognized by these kinds of phrases as “outlook”, “may perhaps”, “might”, “will”, “could”, “must”, “would”, “manifest”, “assume”, “system”, “foresee”, “believe that”, “intend”, “consider”, “estimate”, “forecast”, “likely”, “continue”, “probable”, “plan”, “aims”, or the negative or grammatical variation thereof or other related expressions relating to issues that are not historical facts, despite the fact that not all ahead-on the lookout statements consist of these determining phrases. The ahead-on the lookout statements in this push launch are subject matter to dangers that may well contain, but are not restricted to Firm’s growth plans, anticipations pertaining to hashish and CBD classes in North The us and picked markets internationally, the retail CBD and high-THC cannabis marketplaces, the lawful and regulatory status of the cannabis and the CBD enterprise dangers relating to getting extra funding, dependence upon credit amenities, profitability, product pricing, cannabis, hemp and agricultural organizations, relating to the conversion of our greenhouses to cannabis the ongoing and developing COVID-19 pandemic and tax hazards. The Enterprise has based mostly these ahead-wanting statements on variables and assumptions about foreseeable future situations and economical trends that it thinks may have an impact on its economical ailment, final results of functions, small business strategy and financial desires. Even though the ahead-seeking statements contained in this press launch are centered upon assumptions that management believes are realistic primarily based on information and facts currently readily available to administration, there can be no assurance that actual success will be reliable with these forward-seeking statements. Forward-looking statements necessarily contain acknowledged and unknown threats and uncertainties, lots of of which are past the Company’s regulate, that may perhaps result in the Company’s or the industry’s genuine benefits, functionality, achievements, prospective customers and possibilities in upcoming intervals to differ materially from individuals expressed or implied by these ahead-on the lookout statements. These threats and uncertainties include things like, among the other things, the aspects contained in the Company’s filings with securities regulators readily available on SEDAR and EDGAR. When relying on forward-on the lookout statements to make decisions, the Company cautions viewers not to area undue reliance on these statements, as forward-seeking statements require considerable risks and uncertainties and really should not be browse as guarantees of long run benefits, functionality, achievements, prospective buyers and options. The ahead-hunting statements designed in this push release relate only to gatherings or information and facts as of the day on which the statements are made in this push release. Apart from as necessary by law, the Company undertakes no obligation to update or revise publicly any forward-on the lookout statements, no matter if as a outcome of new details, upcoming situations or if not, soon after the day on which the statements are made or to replicate the occurrence of unanticipated functions.

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