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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 35,483 $ 16,676
Restricted cash 5,000 5,000
Trade receivables 28,541 27,558
Inventories 77,059 70,582
Other receivables 332 309
Income tax receivable, net 2 6,900
Prepaid expenses and deposits 6,747 5,959
Total current assets 153,164 132,984
Non-current assets    
Property, plant and equipment 202,198 207,701
Investments 2,109 2,109
Goodwill 66,118 66,225
Intangibles 34,955 37,157
Deferred tax asset 4,201 4,201
Right-of-use assets 13,069 9,132
Other assets 1,888 5,776
Total assets 477,702 465,285
Current liabilities    
Line of credit 4,000 7,529
Trade payables 19,378 24,894
Current maturities of long-term debt 9,284 9,646
Accrued sales taxes 14,029 11,594
Accrued loyalty program 1,817 2,060
Accrued liabilities 15,895 13,064
Lease liabilities - current 1,955 1,970
Other current liabilities 2,529 1,458
Total current liabilities 68,887 72,215
Non-current liabilities    
Long-term debt 39,811 43,821
Deferred tax liability 18,992 19,756
Lease liabilities - non-current 11,804 7,785
Other liabilities 1,869 1,714
Total liabilities 141,363 145,291
Commitments and contingencies
MEZZANINE EQUITY    
Redeemable non-controlling interest 15,238 16,164
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized;110,238,929 shares issued and outstanding at September 30, 2023 and 91,788,929 shares issued and outstanding at December 31, 2022. 386,719 372,429
Additional paid in capital 25,635 13,372
Accumulated other comprehensive loss (8,187) (8,371)
Retained earnings (83,682) (74,367)
Total Village Farms International, Inc. shareholders' equity 320,485 303,063
Non-controlling interest 616 767
Total shareholders' equity 321,101 303,830
Total liabilities, mezzanine equity and shareholders’ equity $ 477,702 $ 465,285