[PRESS RELEASE] – ORLANDO, Fla. and VANCOUVER, British Columbia, Feb. 3, 2025 – Village Farms International Inc. announced it has begun processing orders and deliveries at its wholly-owned Leli Holland subsidiary (Leli) in the Netherlands, meeting its previously disclosed guidance on its timeline to commencement of sales in the Dutch market.
The company completed its first harvest from its indoor cannabis production facility in Drachten, Netherlands, in December and will begin deliveries of cannabis to Dutch coffee shops on Feb. 7, 2025.
Leli Holland holds one of 10 licenses to produce and distribute recreational cannabis in the regulated program in the Netherlands, which has a population of 18 million people. Leli Holland’s production facility in Drachten was completed in October 2024, and the company expects Drachten operations to be fully ramped in the second quarter of 2025. On April 7, 2025, all coffee shops in participating municipalities will be required to buy and sell cannabis products solely from regulated license holders.
Michael DeGiglio, president and CEO of Village Farms International said, “Today’s news marks the culmination of nearly five years of work by our team to commercialize Leli’s operations, and we are thrilled to begin deliveries to Dutch coffee shops and meet our previously disclosed timeline to launch of sales. With a long-established culture of legal cannabis consumption, a zero-tax policy toward regulated products, and a considerably more favorable pricing environment than Canada, the Dutch market represents one of the most attractive cannabis investment opportunities globally. We are confident in our ability to continue executing a profitable international growth strategy and look forward to continued collaboration with the Dutch government to create a model for success in regulating cannabis internationally.”
