Village Farms International to Present at LD 500 Virtual Conference on Thursday, September 3, 2020 at 1:20 P.M. ET

Aug 27, 2020

VANCOUVER, BC - Village Farms International, Inc. ("Village Farms" or the "Company") today announced that Michael DiGiglio, Chief Executive Officer, and Stephen Ruffini, Chief Financial Officer, will present at the LD 500 Virtual Conference on Thursday, September 3, 2020, at 1:20 p.m. ET.

During the presentation, Messrs. DeGiglio and Ruffini will discuss:

The success of Village Farms' majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, which has become one of the premier Canadian cannabis suppliers, and is the top-selling brand of dried flower products in Canada's largest provincial market1. Building on its commanding market share position, Pure Sunfarms recently began shipping its first bottled oil and vape products, which will be available to consumers shortly;
The Company's significant opportunities in the U.S. and international CBD markets; and,
Why the Company, with one of the largest greenhouse footprints in the United States, alongside decades of experience as a vertically integrated supplier of consumer products to major North American grocers and "big-box" retailers, is well positioned should high-THC cannabis be federally legalized in the U.S.

A live webcast of the presentation will be available to the public on Village Farms' website (www.villagefarms.com) in the Investors section, or by going here: https://www.webcaster4.com/Webcast/Page/2019/36585. The webcast will be archived and available for 90 days on the Company's website.

Virtual One-on-One Meetings

Management will be available for virtual one-on-one meetings on September 2 and 3, 2020. Qualified institutional investors interested in scheduling a one-on-one meeting with Village Farms' management team are encouraged to register here: https://ld500.ldmicro.com/ and use the online scheduling system. Alternatively, interested parties can schedule a one-on-one meeting by contacting Lawrence Chamberlain at lawrence.chamberlain@loderockadvisors.com or (416) 519-4196.

Notes

1By kilograms sold for the ten-month period ended July 31, 2020. Market share performance is based on calculations by Pure Sunfarms from sales information provided by the Ontario Cannabis Store (OCS).

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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