Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) today announced several operational updates regarding the ongoing capacity expansion project in its 1.1 million square foot Delta 2 ("D-2") greenhouse in British Columbia. The D-2 expansion commenced last November to convert the remaining 550,000 square feet of the greenhouse to cannabis production in a series of project phases scheduled through the first half of next year.
The Company recently completed a successful first harvest in the first half of the expansion and today announced it has commenced cultivation in the second half with an expected harvest date in late August. The Company has also accelerated its timeline of planned technology upgrades in response to increasing demand, and will complete lighting and other technological upgrades in the D-2 expansion during the fourth quarter.
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