Village Farms International announced that Hamid Shekarchi has been appointed Interim Chief Financial Officer effective September 10, 2026, succeeding Stephen Ruffini. Mr. Shekarchi previously served as CFO of the Company’s Canadian Cannabis operations and brings extensive financial leadership experience. Mr. Ruffini will cease serving as CFO but will remain a full-time employee as Head of M&A, Corporate Secretary, and advisor to the CEO. The transition is part of a previously announced succession plan and is not due to any disagreement with management. Village Farms operates in the cannabis, plant-based consumer packaged goods, and sustainable innovation industries.

Village Farms International, Inc. reported financial results for the second quarter ended June 30, 2026, on August 10, 2026. Consolidated net sales increased 7% year-over-year to $64 million, driven by a 5% rise in cannabis segment sales to $53.5 million and record international export revenues of $20.9 million, which grew 74% year-over-year. The company reported net income of $7.1 million, or $0.06 per share, with operating cash flow of $8.9 million. Cannabis gross margin expanded to 51% from 42% in the prior year period, and adjusted EBITDA from continuing operations reached $15.3 million. The company closed the quarter with $73 million in cash. Village Farms International, Inc. operates as a global leader in cannabis cultivation, plant-based consumer packaged goods, and sustainable innovation.

Village Farms International, Inc. entered into securities purchase agreements for the sale of 7,500,000 common shares at $2.00 per share in a registered direct offering. The gross proceeds are expected to be approximately $15 million to be used for general working capital.