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Village Farms International Acquires 70% Of Québec-Based ROSE LifeScience For C$46.7M

Author: Benzinga Newsdesk | November 15, 2021 08:32am

Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) (TSX:VFF) today announced it has acquired 70% ownership of privately-held, Québec-based, ROSE LifeScience ("ROSE"), a leading vertically integrated branded cannabis producer, supplier and commercialization expert in the Province of Québec, effective today ("Closing Date"). The transaction is valued at up to C$46.7 million.  ROSE becomes the Québec operational unit of Village Farms' Canadian cannabis business segment, with ROSE's headquarters and the existing team remaining in Québec.

Posted In: TSX:VFF VFF


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