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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 26,659 $ 16,676
Restricted cash 5,000 5,000
Trade receivables 29,509 27,558
Inventories 73,733 70,582
Other receivables 10,504 309
Income tax receivable, net 1,741 6,900
Prepaid expenses and deposits 9,563 5,959
Total current assets 156,709 132,984
Non-current assets    
Property, plant and equipment 207,374 207,701
Investments 2,109 2,109
Goodwill 67,239 66,225
Intangibles 36,532 37,157
Deferred tax asset 4,201 4,201
Right-of-use assets 12,962 9,132
Other assets 1,976 5,776
Total assets 489,102 465,285
Current liabilities    
Line of credit 4,000 7,529
Trade payables 20,551 24,894
Current maturities of long-term debt 9,373 9,646
Accrued sales taxes 13,211 11,594
Accrued loyalty program 1,821 2,060
Accrued liabilities 19,384 13,064
Lease liabilities - current 1,755 1,970
Other current liabilities 1,680 1,458
Total current liabilities 71,775 72,215
Non-current liabilities    
Long-term debt 41,615 43,821
Deferred tax liability 19,138 19,756
Lease liabilities - non-current 11,816 7,785
Other liabilities 1,927 1,714
Total liabilities 146,271 145,291
Commitments and contingencies
MEZZANINE EQUITY    
Redeemable non-controlling interest 16,223 16,164
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized;110,238,929 shares issued and outstanding at June 30, 2023 and 91,788,929 shares issued and outstanding at December 31, 2022. 386,719 372,429
Additional paid in capital 24,888 13,372
Accumulated other comprehensive loss (3,284) (8,371)
Retained earnings (82,383) (74,367)
Total Village Farms International, Inc. shareholders' equity 325,940 303,063
Non-controlling interest 668 767
Total shareholders' equity 326,608 303,830
Total liabilities, mezzanine equity and shareholders’ equity $ 489,102 $ 465,285