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Village Farms International named fastest growing cannabis company by Financial Times ‘Americas’

(Globe Newswire) Vancouver — Village Farms International, Inc. today announced it has ranked as one of the fastest growing companies in the Americas by The Financial Times and Statista for the second consecutive year.

Village Farms ranked 1^st among cannabis companies, 10^th within agriculture, forestry and fishing companies, 32^nd among Canadian companies and 355^th overall, up 72 spots from last year. The 2024 Americas’ Fastest Growing Companies list ranks the top 500 companies by revenue growth between the years 2019 and 2022.

“Taking the top spot as a cannabis company on this prestigious list continues the validation of our business strategy: leveraging our deep expertise in controlled environmental agriculture to capitalize on the global cannabis opportunity,” said Michael DeGiglio, president and CEO, Village Farms. “In under five years, we have grown our Canadian cannabisbusiness from startup to a top-ranked profitable operator. We’ll continue to maintain our leadership in agriculture and aggressively build out our cannabis strategy internationally in the years to come.”

To be included in the The Americas’ Fastest Growing Companiesranking, companies must have:

• Revenue of at least US$100,000 generated in 2019;
• Revenue of at least US$1.5 million generated in 2022;
• Be independent (the company is not a subsidiary or branch office of any kind);
• Be headquartered in one of 20 American countries; and,
• Revenue growth between 2019 and 2022 that was primarily organic (i.e. “internally” achieved).