Village Farms Announces Election of Directors and Results of Annual Meeting of Shareholders

Village Farms governance stability affirmed as directors elected and auditor retained

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  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
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    <h3>AI Summary</h3>
    <p>Village Farms reported 57,069,476 shares voted (49.93% turnout) at its annual meeting, with all proxy items approved and directors elected as proposed. KPMG LLP was re-appointed as auditor. The outcome signals governance continuity and may modestly reduce governance risk, potentially supporting steady execution across cannabis and agri-business assets.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>57,069,476 shares voted; 49.93% turnout. All proxy items approved.</li><li>Director nominees elected; For percentages near 89% for several nominees.</li><li>KPMG re-appointed as auditor through next annual meeting.</li><li>Final voting results to be filed with SEC/SEDAR later today.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Village Farms International, Inc. (VFF)</strong>: Primary issuer; annual meeting results indicate governance continuity and stability.</li><li><strong>KPMG LLP (N/A)</strong>: Auditor re-appointed; no direct stock price impact but credibility boost.</li><li><strong>Pure Sunfarms (N/A)</strong>: Flagship cannabis brand referenced; governance stability may influence strategy.</li><li><strong>Verdexa Holdings (N/A)</strong>: Private venture (formerly Vanguard Food LP); indirect exposure to broader platform.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article reports governance actions (board elections, auditor appointment) rather than earnings or guidance, fitting a governance/IR focus for VFF.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Governance stability from annual meeting may ease investor concerns.</li><li>Auditor reappointment could bolster long-run financial reporting credibility.</li><li>High-for percentages (top nominees 98%+) signal strong shareholder support.</li><li>Final results filing with SEC/SEDAR could spark minor price action today.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of meeting: June 2, 2026.</li><li>Total shares voted: 57,069,476; ~49.93% of issued and outstanding.</li><li>Auditor re-appointed: KPMG LLP to stand until next annual meeting.</li><li>Directors elected: 7 nominees; For percentages ranged from 89.16% to 98.97%.</li><li>Notable For: Kathleen Mahoney 98.07% For; Michael DeGiglio 98.97% For.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral to slightly bullish near-term; governance stability reduces political risk and may support a modest re-rate over 3–6 months.</p>
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<article>
  <h2>Village Farms International Announces Election of Directors and Results of Annual Meeting</h2>
  <p>In Vancouver, British Columbia, June  02, 2026 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: <strong>VFF</strong>) today announced the voting results from its annual meeting of shareholders held earlier today (<em>the Meeting</em>). A total of <strong>57,069,476</strong> common shares of the Company, representing <strong>49.93%</strong> of the issued and outstanding common shares of the Company, were voted in connection with the Meeting by shareholders and proxy holders.</p>

  <section>
    <p>All of the matters put forward before the Company's shareholders for consideration and approval, as set out in the Company's proxy statement dated <strong>April 29, 2026</strong> (the <em>Proxy Statement</em>), were approved by the requisite majority of votes cast at the Meeting. Directors were elected as follows:</p>
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  <section>
    <h3>Director nominees and voting tallies</h3>
    <table>
      <thead>
        <tr>
          <th>Nominee</th>
          <th>Proxy Votes For</th>
          <th>Proxy % For</th>
          <th>Proxy Votes Withheld</th>
          <th>Proxy % Withheld</th>
        </tr>
      </thead>
      <tbody>
        <tr>
          <td>John R. McLernon</td>
          <td><strong>20,796,037</strong></td>
          <td><strong>89.17%</strong></td>
          <td><strong>2,526,189</strong></td>
          <td><strong>10.83%</strong></td>
        </tr>
        <tr>
          <td>John P. Henry</td>
          <td><strong>20,793,950</strong></td>
          <td><strong>89.16%</strong></td>
          <td><strong>2,528,276</strong></td>
          <td><strong>10.84%</strong></td>
        </tr>
        <tr>
          <td>David Holewinski</td>
          <td><strong>20,924,980</strong></td>
          <td><strong>89.72%</strong></td>
          <td><strong>2,397,247</strong></td>
          <td><strong>10.28%</strong></td>
        </tr>
        <tr>
          <td>Kathleen M. Mahoney</td>
          <td><strong>22,872,105</strong></td>
          <td><strong>98.07%</strong></td>
          <td><strong>450,121</strong></td>
          <td><strong>1.93%</strong></td>
        </tr>
        <tr>
          <td>Christopher C. Woodward</td>
          <td><strong>20,819,241</strong></td>
          <td><strong>89.27%</strong></td>
          <td><strong>2,502,985</strong></td>
          <td><strong>10.73%</strong></td>
        </tr>
      </tbody>
    </table>
  </section>

  <section>
    <p>These results reflect votes cast by Village Farms stockholders and proxy holders on matters presented in the Proxy Statement. The voting tallies are presented for the named nominees, with <strong>VFF</strong> representing Village Farms International, Inc. The Company will continue to communicate governance updates and related implications for stockholders and potential earnings outlook as appropriate.</p>
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</article>

Village Farms reported 57,069,476 shares voted (49.93% turnout) at its annual meeting, with all proxy items approved and directors elected as proposed. KPMG LLP was re-appointed as auditor. The outcome signals governance continuity and may modestly reduce governance risk, potentially supporting steady execution across cannabis and agri-business assets.

Village Farms Announces Election of Directors and Results of Annual Meeting of Shareholders

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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