Village Farms completes bought deal offering of common shares

October 29, 2019

Torys represented Village Farms with a team that included Michael Zackheim and Brett Saulnier (corporate/securities).

On October 22, 2019, Village Farms International, Inc. ("Village Farms") completed its previously announced bought deal offering of 3,059,000 common shares at a price of C$9.40 per share for aggregate gross proceeds of C$28,754,600.

The offering was conducted by a syndicate of underwriters co-led by Beacon Securities Limited, as sole bookrunner, and GMP Securities L.P. The offering included 399,000 common shares issued pursuant to a full exercise of the underwriters' over-allotment option.

Village Farms is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada.

Further information can be found on Canada Newswire’s website.