Village Farms Announces Settlement with Emerald Health Therapeutics

Author: Benzinga Newsdesk | March 09, 2020 07:20am

Village Farms International, Inc. ("Village Farms" or the "Company") (TSX:VFF, NASDAQ:VFF) today announced it has finalized its previously announced settlement agreement with Emerald Health Therapeutics (TSXV:EMH, OTCQX:EMHTF) ("Emerald") and closed the related transactions. The settlement agreement settles all outstanding disputes with respect to Pure Sunfarms.

The net impact of the settlement and related transactions on the ownership of Pure Sunfarms, as agreed to by both Village Farms and Emerald, is such that as of December 31, 2019, Village Farms owned 53.5% of Pure Sunfarms and Emerald owned 46.5% of Pure Sunfarms, and as of the date of this news release, Village Farms owns 57.4% of Pure Sunfarms and Emerald owns 42.6% of Pure Sunfarms.

Posted In: EMHTF TSX:VFF TSXV:EMH VFF