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Condensed Consolidated Interim Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Current assets      
Cash and cash equivalents $ 18,165 $ 53,417  
Restricted cash 5,000 5,250  
Trade receivables 32,905 34,360  
Inventories 74,072 68,677  
Other receivables 517 616  
Income tax receivable 1,469 2,430  
Prepaid expenses and deposits 11,083 10,209  
Total current assets 143,211 174,959  
Non-current assets      
Property, plant and equipment 207,658 215,704  
Investment in minority interests 2,109 2,109  
Note receivable - joint venture   3,256  
Goodwill 79,443 117,533  
Intangibles 36,402 26,394  
Deferred tax asset 30,238 16,766  
Right-of-use assets 9,587 7,609  
Other assets 2,646 2,581  
Total assets 511,294 566,911  
Current liabilities      
Line of credit 7,650 7,760  
Trade payables 25,458 22,597  
Current maturities of long-term debt 9,449 11,416  
Accrued sales taxes 14,305 3,899  
Accrued loyalty program 1,923 2,098  
Accrued liabilities 14,860 14,168  
Lease liabilities - current 1,962 962  
Income tax payable 972    
Other current liabilities 2,214 1,413  
Total current liabilities 78,793 64,313  
Non-current liabilities      
Long-term debt 44,851 50,419  
Deferred tax liability 18,638 18,657  
Lease liabilities - non-current 8,216 6,711  
Other liabilities 1,600 1,973  
Total liabilities 152,098 142,073  
Commitments and contingencies  
MEZZANINE EQUITY      
Redeemable non-controlling interest 15,732 16,433  
SHAREHOLDERS’ EQUITY      
Common stock, no par value per share - unlimited shares authorized; 89,029,385 shares issued and outstanding at September 30, 2022 and 88,233,929 shares issued and outstanding at December 31, 2021. 366,561 365,561  
Additional paid in capital 12,389 9,369  
Accumulated other comprehensive income (11,215) 6,696  
Retained earnings (25,038) 26,779  
Total Village Farms International, Inc. shareholders' equity 342,697 408,405  
Non-controlling interest 767    
Total shareholders' equity 343,464 408,405 $ 382,977
Total liabilities, mezzanine equity and shareholders’ equity $ 511,294 $ 566,911