Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced the Company will be added to the S&P/TSX Composite Index (Consumer Staples sector) prior to the open of trading on March 22, 2021. The S&P/TSX Composite is the headline index for the Canadian equity market, is the broadest in the S&P/TSX family and is the basis for multiple sub-indices. It includes the largest and most liquid companies on the Toronto Stock Exchange (TSX), currently totalling approximately 220 (of the approximately 1500 listed on the TSX) that meet certain criteria, including for market capitalization and liquidity. Inclusion in the S&P/TSX Composite Index can potentially broaden participation in a Company’s investor base by enabling investment from index funds and similar investment vehicles.
“Our addition to the benchmark stock index for the TSX, on which Village Farms has been listed since 2006, is another proud milestone for Village Farms, and a reflection of the significant value we are creating for shareholders as we leverage our decades of experience as one of North America’s largest vertically integrated controlled environment produce suppliers for the high-growth cannabis opportunity in Canada, and internationally, including the U.S. and other large potential markets,” said Michael DeGiglio, CEO, Village Farms International. “We pursue these opportunities with the same integrity and commitment to sound corporate governance and sustainable agriculture practices that has guided our organization since inception. And we look forward to the increased exposure, broader range of potential investors and enhanced liquidity that inclusion in the S&P/TSX Composite Index can provide, as we execute on our strategy to continue to drive long-term value for our shareholders.”
