Benzinga | Feb 8, 2021 07:05AM EST

Village Farms International Fully Repays $15.6M Promissory Note Related To Pure Sunfarms Acquisition

VANCOUVER, BC, Feb. 8, 2021 /CNW/ - Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) (TSX:VFF) today announced that it has repaid in full the C$19.9 million (approximately US$15.6 million) promissory note, plus accrued interest of C$621,534.25 (approximately US$486,849.78), that it originally issued to Emerald Health Therapeutics, Inc. ("Emerald") as partial consideration for the November 2020 acquisition from Emerald of the 36,958,500 common shares of Pure Sunfarms Corp. ("Pure Sunfarms") that Village Farms did not own (the "Pure Sunfarms Transaction"). Village Farms no longer owes any amounts to Emerald with respect to the Pure Sunfarms Transaction.