It appears that Village Farms (OTCQX:VFFIF) has filed a Form 40-F to list its shares on the NASDAQ, according to some reports circulating this weekend. While no official information has been released, the form is easily accessible on the web for any who wish to see it. Village would join a growing number of cannabis companies moving to Wall Street, including high-profile Licensed Producers such as Canopy Growth Corporation (NYSE:CGC), Aphria Inc. (NYSE:APHA), and the recently announced HEXO Corp. (TSX:HEXO) and Canntrust Holdings (NASDAQOTH:CNTTF).
Village Farms was a latecomer to the cannabis green rush, having entered the industry in 2017 in partnership with Emerald (OTCQX:EMHTF) in which the two companies formed Pure Sunfarms. Village Farms is best known for their greenhouse operations which total 9 million-square-feet of growing space. At this time, the company appears to have turned its focus completely to cannabis, with CEO Michael DeGiglio spending the entire Q3 earnings call discussing the new venture.
Following the signing of the farm bill last month, Village has turned its focus towards the U.S. hemp market, with a specific look at CBD.
"The full and unambiguous legalization of hemp, and especially hemp-derived CBD products, creates a tremendous global opportunity and Village Farms intends to be a leader in this nascent industry," said Michael DeGiglio, Chief Executive Officer, Village Farms in a statement. "With one of the largest existing greenhouse footprints in the U.S. and a 30-year proven track record as a large-scale, low-cost grower of high-value crops, Village Farms has a formidable platform to capitalize on the hemp and CBD opportunity.”
More on this story as it develops.
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