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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 26,685 $ 30,291
Restricted cash 5,000 5,000
Trade receivables 38,826 30,561
Inventories 74,029 78,472
Other receivables 115 294
Prepaid expenses and deposits 6,197 7,150
Total current assets 150,852 151,768
Non-current assets    
Property, plant and equipment 201,020 205,613
Investments 2,656 2,656
Goodwill 54,942 55,918
Intangibles 30,778 32,275
Deferred tax asset 4,201 4,201
Right-of-use assets 11,944 12,596
Other assets 2,046 1,962
Total assets 458,439 466,989
Current liabilities    
Line of credit 4,000 4,000
Trade payables 19,935 21,753
Current maturities of long-term debt 8,866 9,133
Accrued sales taxes 21,331 15,941
Accrued loyalty program 1,668 1,773
Accrued liabilities 12,024 15,076
Lease liabilities - current 2,243 2,112
Income tax payable 47 28
Other current liabilities 2,561 2,340
Total current liabilities 72,675 72,156
Non-current liabilities    
Long-term debt 37,217 38,925
Deferred tax liability 23,553 23,730
Lease liabilities - non-current 10,534 11,335
Other liabilities 2,044 1,902
Total liabilities 146,023 148,048
Commitments and contingencies
MEZZANINE EQUITY    
Redeemable non-controlling interest 15,627 15,667
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized; 110,248,929 shares issued and outstanding at March 31, 2024 and December 31, 2023. 386,719 386,719
Additional paid in capital 26,016 25,611
Accumulated other comprehensive loss (7,503) (3,540)
Retained earnings (109,017) (106,165)
Total Village Farms International, Inc. shareholders' equity 296,215 302,625
Non-controlling interest 574 649
Total shareholders' equity 296,789 303,274
Total liabilities, mezzanine equity and shareholders’ equity $ 458,439 $ 466,989