Village Farms International Enthusiastically Supports Standing Committee’s Recommendations for New Cannabis Excise Duty Model

February 29, 2024

https://www.globenewswire.com/news-release/2024/02/29/2838160/0/en/Village-Farms-International-Enthusiastically-Supports-Standing-Committee-s-Recommendations-for-New-Cannabis-Excise-Duty-Model.html

VANCOUVER, British Columbia and ORLANDO, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) — Village Farms International, Inc. (“Village Farms”) (NASDAQ:VFF) enthusiastically supports recommendations on changes to the current Cannabis Excise Duty model released this week by the Canadian House of Commons Standing Committee on Finance. Those recommendations include adjustment to the excise duty formula for cannabis so that it is limited to a 10% ad valorem (proportionate to value) rate.

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