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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 30,291 $ 16,676
Restricted cash 5,000 5,000
Trade receivables 30,561 27,558
Inventories 78,472 70,582
Other receivables 294 309
Income tax receivable, net   6,900
Prepaid expenses and deposits 7,150 5,959
Total current assets 151,768 132,984
Non-current assets    
Property, plant and equipment 205,613 207,701
Investments 2,656 2,109
Goodwill 55,918 66,225
Intangibles 32,275 37,157
Deferred tax asset 4,201 4,201
Right-of-use assets 12,596 9,132
Other assets 1,962 5,776
Total assets 466,989 465,285
Current liabilities    
Line of credit 4,000 7,529
Trade payables 21,753 24,894
Current maturities of long-term debt 9,133 9,646
Accrued sales taxes 15,941 11,594
Accrued loyalty program 1,773 2,060
Accrued liabilities 15,076 13,064
Lease liabilities - current 2,112 1,970
Income tax payable 28  
Other current liabilities 2,340 1,458
Total current liabilities 72,156 72,215
Non-current liabilities    
Long-term debt 38,925 43,821
Deferred tax liability 23,730 19,756
Lease liabilities - non-current 11,335 7,785
Other liabilities 1,902 1,714
Total liabilities 148,048 145,291
Commitments and contingencies (note 11)
MEZZANINE EQUITY    
Redeemable non-controlling interests 15,667 16,164
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized; 110,248,929 shares issued and outstanding at December 31, 2023 and 91,788,929 shares issued and outstanding at December 31, 2022. 386,719 372,429
Additional paid in capital 25,611 13,372
Accumulated other comprehensive loss (3,540) (8,371)
Retained earnings (106,165) (74,367)
Total Village Farms International, Inc. shareholders' equity 302,625 303,063
Non-controlling interest 649 767
Total shareholders' equity 303,274 303,830
Total liabilities, mezzanine equity and shareholders’ equity $ 466,989 $ 465,285