Village Farms International has acquired the remaining equity ownership interest in Leli Holland, increasing its stake to 100% from 85%. Leli Holland is one of 10 licensed producers in the Dutch cannabis program. The company has completed construction of its cultivation facility in Drachten, featuring five flower rooms and additional space for drying, manufacturing, and packaging. Leli anticipates commencing cultivation in October, pending final regulatory inspections, with first sales expected in Q1 2025.
The facility will supply approximately 80 Dutch coffeeshops in participating jurisdictions. Village Farms sees the Dutch market as one of the most attractive -license cannabis opportunities globally. The company aims to leverage its position as a top Canadian Licensed Producer with EU-GMP certification to expand medicinal operations internationally and pursue recreational market expansion opportunities.
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