Benzinga | Nov 15, 2021 10:57AM EST

Village Farms International Acquires 70% Of Qubec-Based ROSE LifeScience For C$46.7M

Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) (TSX:VFF) today announced it has acquired 70% ownership of privately-held, Qu?bec-based, ROSE LifeScience ("ROSE"), a leading vertically integrated branded cannabis producer, supplier and commercialization expert in the Province of Qu?bec, effective today ("Closing Date"). The transaction is valued at up to C$46.7 million. ROSE becomes the Qu?bec operational unit of Village Farms' Canadian cannabis business segment, with ROSE's headquarters and the existing team remaining in Qu?bec.