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S&P Capital IQ Initiates Coverage on Village Farms International Inc. in S&P Capital IQ Factual Stock Reports

NEW YORK, Aug. 10, 2015 /PRNewswire/ -- S&P Capital IQ (MHFI) announced today that it has commenced Factual Stock Report coverage on Village Farms International. Inc.

Village Farms International, Inc. (TSX:VFF; OTCQX: VFFIF) is a producer, marketer, and distributor of premium-quality, greenhouse-grown fruits and vegetables. The food that it grows, along with other greenhouse operations under exclusive arrangements, is all grown in environmentally friendly, soil-less, glass greenhouses. The Village Farms brand of fruits and vegetables is marketed and distributed primarily to national and local retail grocers and dedicated fresh food distributors throughout the United States and Canada.

The company's sustainability principles enable Village Farms to grow food 365 days. Natural resource efficiencies such as water conservation and renewable energy optimizing cogeneration are part of the company's clean technology model of farming.

The company, through subsidiaries, owns and operates highly intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells premium-quality tomatoes, bell peppers, and cucumbers. The company also markets and sells third-party produce through its subsidiaries. Village Farms operates four distribution centers in the United States and Canada. Through a subsidiary, Village Farms owns and operates a 7.5 MW power plant from landfill gas that generates electricity and provides thermal heat, in colder months, to one the company's adjacent British Columbia greenhouse facilities.

On October 3, 2014, the company sold ownership of Village Farms DR, SLR to an unrelated third party in exchange for a waiver of termination fees on a remaining lease obligation.

The company's assets include seven greenhouses providing approximately 950,085 square meters (or approximately 240 acres) of growing space in Canada and the United States. All of the company's greenhouses are constructed of glass, aluminum and steel, and are located on land owned or leased by the company. The company also has marketing agreements with growers in the United States, Canada and Mexico that operate approximately 325,000 square meters (or approximately 81 acres) of growing...


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