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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 24,631 $ 30,291
Restricted cash 0 5,000
Trade receivables, net 33,665 30,561
Inventories 53,137 78,472
Other receivables 327 294
Prepaid expenses and deposits 4,259 7,150
Total current assets 116,019 151,768
Non-current assets    
Property, plant and equipment 190,263 205,613
Investments 2,656 2,656
Goodwill 42,315 55,918
Intangibles 25,105 32,275
Deferred tax asset 1,005 1,201
Right-of-use assets 9,765 12,596
Other assets 2,178 1,962
Total assets 389,306 463,989
Current liabilities    
Line of credit 4,000 4,000
Trade payables 24,499 21,753
Current maturities of long-term debt 8,142 9,133
Accrued sales taxes 8,740 15,941
Accrued loyalty program 1,029 1,773
Accrued liabilities 12,208 15,076
Lease liabilities - current 2,497 2,112
Income tax payable 51 28
Other current liabilities 1,053 2,340
Total current liabilities 62,219 72,156
Non-current liabilities    
Long-term debt 32,420 38,925
Deferred tax liability 19,940 23,730
Lease liabilities - non-current 8,573 11,335
Other liabilities 2,196 1,902
Total liabilities 125,348 148,048
Commitments and contingencies (note 11)
MEZZANINE EQUITY    
Redeemable non-controlling interests 9,953 15,667
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized; 112,337,049 shares issued and outstanding at December 31, 2024 and 110,248,929 shares issued and outstanding at December 31, 2023. 387,349 386,719
Additional paid in capital 30,604 25,611
Accumulated other comprehensive loss (18,932) (3,540)
Retained earnings (145,016) (109,165)
Total Village Farms International, Inc. shareholders' equity 254,005 299,625
Non-controlling interest 0 649
Total shareholders' equity 254,005 300,274
Total liabilities, mezzanine equity and shareholders’ equity $ 389,306 $ 463,989