Village Farms International Granted 180-Day Extension to Meet NASDAQ

LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange’s minimum bid price requirement. This extension follows the expiration of the initial compliance period on April 16, 2025. The company now has until October 13, 2025, to ensure that its common shares close at or above $1.00 per share for a minimum of ten consecutive business days .​

During this extension period, Village Farms’ shares will continue to trade on the Nasdaq Capital Market. Failure to meet the minimum bid requirement by the new deadline may result in the company’s shares being delisted from the exchange. In such a case, Village Farms would have the opportunity to appeal the delisting determination to a Nasdaq Hearings Panel .​

Village Farms International operates in the controlled environment agriculture sector, supplying plant-based consumer packaged goods. The company has a significant presence in the cannabis industry through its wholly-owned Canadian subsidiary, Pure Sunfarms, and holds an 80% stake in Québec-based Rose LifeScience. Additionally, Village Farms owns Balanced Health Botanicals, a U.S.-based CBD and hemp-derived products company .​

As of the latest trading session, Village Farms’ stock price stands at $0.6971, reflecting a 1.82% decrease from the previous close. The company’s market capitalization is approximately $65 million, with an average trading volume of 371,454 shares .​

The extension provides Village Farms with additional time to address its stock price challenges and work towards regaining compliance with Nasdaq’s listing requirements. The company’s performance in the coming months will be critical in determining its continued presence on the exchange