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Loss Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Loss Per Share

15. LOSS PER SHARE

Basic net loss per share is computed using the weighted average number of Common Shares outstanding for the period. Basic and diluted net income per ordinary share is calculated as follows:

 

 

For the Years Ended December 31,

 

(shares in thousands)

 

2024

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss including non-controlling interests

 

$

(35,643

)

 

$

(34,819

)

 

$

(101,415

)

Less: Net (income) loss attributable to non-controlling interests

 

 

(207

)

 

 

21

 

 

 

269

 

Net loss attributable to Village Farms International, Inc. shareholders

 

$

(35,850

)

 

$

(34,798

)

 

$

(101,146

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of common shares – basic

 

 

111,370

 

 

 

108,728

 

 

 

89,127

 

Effect of dilutive securities – share-based employee options and awards

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average number of common shares – diluted

 

 

111,370

 

 

 

108,728

 

 

 

89,127

 

Anti-dilutive options and awards (1)

 

 

8,052

 

 

 

8,456

 

 

 

4,089

 

Net loss per ordinary share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.32

)

 

$

(0.32

)

 

$

(1.13

)

Diluted

 

$

(0.32

)

 

$

(0.32

)

 

$

(1.13

)

 

(1)
Options to purchase shares of common stock, warrants, and unvested RSUs are not included in the calculation of net (loss) income per share because the effect would have been anti-dilutive.