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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 28,696 $ 30,291
Restricted cash   5,000
Trade receivables 33,185 30,561
Inventories 60,022 78,472
Income tax receivable 8  
Other receivables 937 294
Prepaid expenses and deposits 5,218 7,150
Total current assets 128,066 151,768
Non-current assets    
Property, plant and equipment 200,271 205,613
Investments 2,656 2,656
Goodwill 44,996 55,918
Intangibles 27,494 32,275
Deferred tax asset 1,201 1,201
Right-of-use assets 10,978 12,596
Other assets 2,186 1,962
Total assets 417,848 463,989
Current liabilities    
Line of credit 4,000 4,000
Trade payables 18,428 21,753
Current maturities of long-term debt 8,649 9,133
Accrued sales taxes 13,334 15,941
Accrued loyalty program 1,624 1,773
Accrued liabilities 12,407 15,076
Lease liabilities - current 2,489 2,112
Income tax payable   28
Other current liabilities 1,694 2,340
Total current liabilities 62,625 72,156
Non-current liabilities    
Long-term debt 34,604 38,925
Deferred tax liability 23,954 23,730
Lease liabilities - non-current 9,453 11,335
Other liabilities 2,254 1,902
Total liabilities 132,890 148,048
MEZZANINE EQUITY    
Redeemable non-controlling interest 10,608 15,667
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized; 112,337,049 shares issued and outstanding at September 30, 2024 and 110,248,929 shares issued and outstanding at December 31, 2023. 387,349 386,719
Additional paid in capital 30,338 25,611
Accumulated other comprehensive loss (6,951) (3,540)
Retained earnings (136,386) (109,165)
Total Village Farms International, Inc. shareholders' equity 274,350 299,625
Non-controlling interest 0 649
Total shareholders' equity 274,350 300,274
Total liabilities, mezzanine equity and shareholders’ equity $ 417,848 $ 463,989