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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 29,884 $ 16,676
Restricted cash 5,000 5,000
Trade receivables 26,796 27,558
Inventories 75,034 70,582
Other receivables 265 309
Income tax receivable 3,339 6,900
Prepaid expenses and deposits 5,897 5,959
Total current assets 146,215 132,984
Non-current assets    
Property, plant and equipment 205,848 207,701
Investments 2,109 2,109
Goodwill 66,285 66,225
Intangibles 36,810 37,157
Deferred tax asset 4,201 4,201
Right-of-use assets 8,662 9,132
Other assets 5,833 5,776
Total assets 475,963 465,285
Current liabilities    
Line of credit 4,000 7,529
Trade payables 18,459 24,894
Current maturities of long-term debt 9,504 9,646
Accrued sales taxes 13,746 11,594
Accrued loyalty program 2,139 2,060
Accrued liabilities 14,392 13,064
Lease liabilities - current 1,966 1,970
Other current liabilities 1,734 1,458
Total current liabilities 65,940 72,215
Non-current liabilities    
Long-term debt 42,526 43,821
Deferred tax liability 19,062 19,756
Lease liabilities - non-current 7,314 7,785
Other liabilities 1,830 1,714
Total liabilities 136,672 145,291
Commitments and contingencies
MEZZANINE EQUITY    
Redeemable non-controlling interest 16,134 16,164
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized; 110,238,929 shares issued and outstanding at March 31, 2023 and 91,788,929 shares issued and outstanding at December 31, 2022. 386,719 372,429
Additional paid in capital 24,232 13,372
Accumulated other comprehensive loss (7,509) (8,371)
Retained earnings (81,003) (74,367)
Total Village Farms International, Inc. shareholders' equity 322,439 303,063
Non-controlling interest 718 767
Total shareholders' equity 323,157 303,830
Total liabilities, mezzanine equity and shareholders’ equity $ 475,963 $ 465,285