Village Farms International, Inc. (“Village Farms” or the “Company”) announced it has been named to Corporate Knights’ inaugural Future 50: The Fastest Growing Sustainable Companies in Canada. The Future 50 is a list of the fastest growing Canadian companies whose business activities align with the transition to a global clean economy.
Also Read: Cornucopia Releases New Local Organic Berry Map
Village Farms was selected from a pool of 6,115 companies (1,100 public and 4,015 private) as one of 25 publicly traded companies with the highest year-over-year percentage increase in “clean revenue”. (The other 25 Future 50 selections were private companies.)
“As a Company that has put the environment and sustainable agriculture practices as the heart of everything we do since it was founded more than 30 years ago, Village Farms is honored to be included in the inaugural Future 50: The Fastest Growing Sustainable Companies in Canada,” said Michael DeGiglio, Chief Executive Officer, Village Farms International. “We are firm believers that what’s good for the earth is good for our business, good for our employees, and good for our stakeholders. We look forward to building on our proud history of leadership and innovation in sustainable agriculture as one of the largest producers of greenhouse grown fresh produce in North America, and as a top producer of cannabidiol products internationally: cannabis in Canada and Australia, with plans to enter the Netherlands, and CBD and other cannabinoid products in the United States, as well as selected Asia-Pacific markets.”
“All companies are now in the business of dealing with climate change. Our reason for devising this list is our belief in the success of these companies being pivotal to creating a more sustainable Canada, as well as acting as inspiration for other entrepreneurs,” said Toby Heaps, founder and CEO of Corporate Knights.
For more information about Village Farms’ commitment to the environment and sustainability, please visit: Sustainability – Village Farms International.
For more information on the Future 50: The Fastest Growing Sustainable Companies in Canada, including the selection methodology, please visit: Future 50 | Corporate Knights.
Corporate Knights Inc. is an independent media and research B Corp committed to advancing a sustainable economy that supports both people and the planet.
Since 2002, Corporate Knights has published an award-winning quarterly magazine. It is distributed in The Globe and Mail, The Wall Street Journal and The Washington Post. With a circulation of more than 126,000, Corporate Knights magazine is the most prominent publication dedicated to advancing a sustainable economy.
The Corporate Knights research division produces global corporate and fund rankings. Its flagship ranking is the Global 100 Most Sustainable Corporations in the World, released each year during the World Economic Forum.
Village Farms leverages decades of experience as a large-scale, Controlled Environment Agriculture-based, vertically integrated supplier for high-value, high-growth plant-based Consumer Packaged Goods opportunities, with a strong foundation as a leading fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and new high-growth opportunities in the cannabis and CBD categories in North America and selected markets internationally.
In Canada, the Company’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer and one of Canada’s best-selling brands. The Company also owns 70% of Québec-based, Rose LifeScience, a leading third-party cannabis products commercialization expert in the Province of Québec.
In the US, wholly-owned Balanced Health Botanicals is one of the leading CBD brands and e-commerce platforms in the country. Subject to compliance with all applicable US federal and state laws and stock exchange rules, Village Farms plans to enter the US high-THC cannabis market via multiple strategies, leveraging one of the largest greenhouse operations in the country (more than 5.5 million square feet in West Texas), as well as the operational and product expertise gained through Pure Sunfarms’ cannabis success in Canada.