Village Farms International announced that it has extended its Canadian cannabis credit facility, upsizing loan commitments by CAD $15 million and extending maturities to February 2029. The amendment was executed on February 20 2026 and the company drew an initial CAD $5 million from the delayed‑draw term loan.
The new financing terms keep variable interest rates below 6%, providing lower‑cost capital to support growth initiatives in the company’s Canadian cannabis operations and other strategic projects. Management highlighted the deal as a “responsible use of the balance sheet” that preserves significant optionality for future organic and acquisitive growth.
Village Farms reported record net sales, net income, and adjusted EBITDA in its most recent quarter, with Canadian cannabis sales up 29% year‑over‑year and international medical exports surging more than 750%. Revenue grew 56.61% over the last twelve months, reflecting strong demand across its Canadian cannabis, U.S. cannabis, produce, and energy segments. The company holds more cash than debt, a current ratio of 2.78, and an InvestingPro Financial Health score of “GREAT.”
The company operates Pure Sunfarms and Rose LifeScience in Canada, Balanced Health in the U.S., a tomato produce business, and renewable natural gas assets. It is expanding into the U.S. THC market using Texas greenhouse assets and is pursuing a second phase of medical cannabis licensing in Texas after a Phase I setback.
The extended credit facility provides lower‑cost capital and a longer maturity profile, reducing near‑term refinancing pressure while enabling the company to fund growth in Canadian cannabis, international medical exports, and U.S. market entry. The financing preserves optionality for future acquisitions and organic expansion, reinforcing Village Farms’ strong credit profile and net cash position.
This financing extension is the first major capital‑structure announcement for Village Farms in the past week and represents a material event that supports the company’s growth strategy and financial flexibility.
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