SEC Form SC 13G/A filed by Village Farms International Inc. (Amendment)

$VFF
Get the next $VFF alert in real time by email
SC 13G/A 1 d289269dsc13ga.htm SC 13G/A SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)*

 

 

Village Farms International, Inc.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

92707Y108

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐   Rule 13d-1(b)

☐   Rule 13d-1(c)

☒   Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

 

 

 


CUSIP No. 92707Y108

 

  1    

  NAMES OF REPORTING PERSONS

 

  Michael DeGiglio

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)  ☒        (b)  ☐ Joint Filing

 

  3  

  SEC USE ONLY:

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION:

 

  United States of America

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  SOLE VOTING POWER:

 

  9,816,195(1)

   6   

  SHARED VOTING POWER:

 

  0

   7   

  SOLE DISPOSITIVE POWER:

 

  9,816,195

   8   

  SHARED DISPOSITIVE POWER:

 

  0

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

  9, 816,195

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

  11.1%(2)

12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

  IN

 

(1)

Consists of 9,349,529 common shares and options to purchase 466,666 common shares of the Issuer that are exercisable within 60 days of December 31, 2021. See Item 4.

(2)

Based on the quotient obtained by dividing (a) the number of common shares beneficially owned by the Reporting Person as set for in Row 9 by (b) the sum of (i) 88,233,929 common shares outstanding as of December 31, 2021 and (ii) options to purchase 466,666 common shares that are exercisable within 60 days of December 31, 2021 beneficially owned by the Reporting Person.


Item 1(a). Name of Issuer

Village Farms International, Inc. (the “Issuer”)

Item 1(b). Address of Issuer’s Principal Executive Offices

4700 80th Street

Delta, British Columbia

Canada, V4K 3N3

Item 2(a). Name of Person Filing

Michael DeGiglio (Chief Executive Officer of the Issuer)

Item 2(b). Address of Principal Business Office or, if none, Residence

Michael DeGiglio

c/o Village Farms International, Inc.

4700 80th Street

Delta, British Columbia

Canada, V4K 3N3

Item 2(c). Citizenship

See Row 4 of the cover page

Item 2(d). Title of Class of Securities

Common Shares, no par value

Item 2(e). CUSIP Number

92707Y108

Item 3. Not applicable

Item 4. Ownership

    (a) Amount Beneficially Owned:

See Row 9 of the cover page.

    (b) Percent of Class:

See Row 11 of the cover page.

    (c) Number of shares as to which such person has:

    (i) sole power to vote or to direct the vote:

See Row 5 of the cover page.

    (ii) shared power to vote or to direct the vote:

See Row 6 of the cover page.


 

  (iii)

sole power to dispose or to direct the disposition of:

See Row 7 of the cover page.

 

  (iv)

shared power to dispose or to direct the disposition of:

See Row 8 of the cover page.

Item 5. Ownership of Five Percent or Less of a Class

Not applicable

Item 6. Ownership of More than Five Percent on Behalf of Another Person

Not applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

Not applicable

Item 8. Identification and Classification of Members of the Group

Not applicable

Item 9. Notice of Dissolution of Group

Not applicable

Item 10. Certifications

Not applicable

 

 


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 3, 2022

 

/s/ Michael DeGiglio

Michael DeGiglio

Get the next $VFF alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$VFF

DatePrice TargetRatingAnalyst
2/27/2023$11.00 → $2.50Outperform → Mkt Perform
Raymond James
8/9/2022Buy → Hold
Craig Hallum
5/11/2022Strong Buy → Outperform
Raymond James
3/7/2022$12.75 → $9.30Overweight
Cantor Fitzgerald
3/4/2022Buy → Hold
Stifel
11/9/2021$11.50 → $12.75Neutral → Overweight
Cantor Fitzgerald
9/13/2021$16.00Outperform
BMO Capital Markets
More analyst ratings

$VFF
Press Releases

Fastest customizable press release news feed in the world

See more
  • Village Farms International Welcomes Yvonne Trupiano as Global Chief Human Resources Officer

    – Former consumer goods distribution, food, and retail service industry executive will help guide the Company's global expansion initiatives – VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) today announced the hiring of Yvonne Trupiano as the Company's Executive Vice President and Global Chief Human Resources Officer (CHRO). In this newly created leadership position for the Company, Yvonne will support Village Farms' global expansion initiatives and its continued efforts to drive excellence across all areas of the organization. Ms. Trupiano brings over 25 years of experience primarily leadi

  • Village Farms International Reports Q4 and Full Year 2024 Results and Comments on Profitable Growth Initiatives in 2025

    Full Year 2024 and Recent Business Highlights Full Year Consolidated Sales Grew 18% Year-over-Year to $336.2 Million2024 Canadian Cannabis Sales Grew 31% Year-over-Year; Retail Branded Sales Grew 23% #1 Market Share in Dried Flower, #2 in Pre-Rolls, and #3 Market Share Overall in 2024Full Year Consolidated Cash Flow from Operations of $10.3 MillionQ4 Consolidated Sales Grew 11% Year-over-Year to $82.6 MillionQ4 International Sales Increased 113% Year-over-Year; Expect International Sales to Triple in 2025Q4 Adjusted EBITDA Impacted by Non-Cash, Non-Flower Inventory Impairment of $10.5 MillionCompany Breaks Ground on Phase II Expansion in the Netherlands to Quin

  • ROSE LifeScience Expands Pure Laine and Tam Tams Lineups with New Pre-Rolls, Vapes, and Fan-Favourite Cultivars for Winter 2025

    HUNTINGDON, Quebec, March 12, 2025 (GLOBE NEWSWIRE) -- ROSE LifeScience Inc. ("ROSE"), a major Québec cannabis producer, distributor, and marketer, recently introduced innovative extensions to the company's popular Pure Laine and Tam Tams brands. Designed to elevate the cannabis experience, these new offerings reflect ROSE's continued commitment to quality, convenience, and delivering products that resonate with Canadian consumers. Pure Laine Originals – Greatest Hits & Big Pleasures SlimsPure Laine Originals continues its mission of delivering comfort staples and simple pleasures with two exciting additions: Big Pleasures Slims (Alberta): A new iteration of the popular Big Pleasures oun

$VFF
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$VFF
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$VFF
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$VFF
SEC Filings

See more

$VFF
Leadership Updates

Live Leadership Updates

See more
  • Village Farms International Welcomes Yvonne Trupiano as Global Chief Human Resources Officer

    – Former consumer goods distribution, food, and retail service industry executive will help guide the Company's global expansion initiatives – VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) today announced the hiring of Yvonne Trupiano as the Company's Executive Vice President and Global Chief Human Resources Officer (CHRO). In this newly created leadership position for the Company, Yvonne will support Village Farms' global expansion initiatives and its continued efforts to drive excellence across all areas of the organization. Ms. Trupiano brings over 25 years of experience primarily leadi

  • Village Farms International Appoints Finance and Operations Veteran Carolyn Hauger to Board

    VANCOUVER, British Columbia and ORLANDO, Fla., May 13, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or "the Company") (NASDAQ:VFF) is delighted to announce that Carolyn Hauger has been appointed to its Board of Directors, effective immediately, and will stand for election at the Company's annual shareholders meeting in June 2024. Ms. Hauger has extensive finance, operations and public company director experience having served as CFO for a variety of companies, where among many responsibilities she contributed to operational optimization, innovation strategies and early-stage development. Her experience includes both multi-national and emerging growth industri

  • Village Farms International Appoints William Stoufer as President, Balanced Health Botanicals

    VANCOUVER, British Columbia and ORLANDO, Fla., April 10, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms") (NASDAQ:VFF) today announced the appointment of William Stoufer as President of Balanced Health Botanicals ("BHB"), effective immediately. Mr. Stoufer will report directly to Michael DeGiglio, President and Chief Executive Officer of Village Farms. "Bill has been a key member of BHB senior leadership, responsible for establishing strong business processes with a focus on customer excellence, which contributed positive adjusted EBITDA and cash flow to Village Farms since acquisition." said Michael DeGiglio, President and Chief Executive Officer, Village Farm

$VFF
Financials

Live finance-specific insights

See more
  • Village Farms International Reports Q4 and Full Year 2024 Results and Comments on Profitable Growth Initiatives in 2025

    Full Year 2024 and Recent Business Highlights Full Year Consolidated Sales Grew 18% Year-over-Year to $336.2 Million2024 Canadian Cannabis Sales Grew 31% Year-over-Year; Retail Branded Sales Grew 23% #1 Market Share in Dried Flower, #2 in Pre-Rolls, and #3 Market Share Overall in 2024Full Year Consolidated Cash Flow from Operations of $10.3 MillionQ4 Consolidated Sales Grew 11% Year-over-Year to $82.6 MillionQ4 International Sales Increased 113% Year-over-Year; Expect International Sales to Triple in 2025Q4 Adjusted EBITDA Impacted by Non-Cash, Non-Flower Inventory Impairment of $10.5 MillionCompany Breaks Ground on Phase II Expansion in the Netherlands to Quin

  • Village Farms International to Report Q4 and Full Year 2024 Results on March 13, 2025

    VANCOUVER, British Columbia and ORLANDO, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) today announced it will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, March 13, 2025, at 8:30 a.m. ET. Participants can access the conference call via a webcast at Village Farms Fourth Quarter 2024 Conference Call Webcast or on the Company website at Village Farms - Events. Participants wanting to access the conference call by telephone must register in advance at Village Farms Fourth Quarter 2024 Conference Call Registration to receive telephone dial-in information. The l

  • Village Farms International Reports Strong Q3/24 Results

    Total Sales Grew 20% Year-over-Year: 29% Canadian Cannabis Net Sales Growth; 20% Fresh Produce Sales Growth; 111% International Medicinal Cannabis Sales GrowthCanadian Cannabis Remained #2 by Market Share and was Fastest Growing LP over Last Year; 22% Year-over-Year Retail Branded Sales GrowthCommenced Cultivation in Netherlands; Company's First International Recreational MarketCanadian Cannabis Delivered Positive Adjusted EBITDA, Operating Cash Flow and Net IncomeFresh Produce Delivered Positive Adjusted EBITDA and Net Income VANCOUVER, British Columbia and ORLANDO, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) t

$VFF
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more