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Village Farms gains sub-6% cannabis funding for growth to 2029
Village Farms (NASDAQ: VFF) has amended and extended its Canadian cannabis credit facility, securing an additional CAD $15 million in loan commitments and extending maturities to February 2029. The company has already drawn an initial CAD $5 million from the delayed-draw term loan, with the facility carrying variable interest rates currently below 6.0%. This financing move aims to support both organic and acquisitive growth while maintaining a strong net cash position.