VFF - Village Farms announces NCIB for shares

Village Farms (VFF) trades 4.7% higher premarket after announcing that the Toronto Stock Exchange has accepted a notice filed by the company for making a normal course issuer bid ((NCIB)).The bid provides that Village Farms may, during the 12-month period commencing May 26, 2021 purchase up to 4.06M of its shares (representing ~5% of issued and outstanding shares) through the NCIB way over the TSX facilities."The implementation of this NCIB does not in any way reflect a change in Village Farms' growth plans or opportunities but simply provides the Company with a potentially attractive opportunity to prudently deploy some of our available capital," CEO Michael DeGiglio commented.As of May 13, 2021, Village Farms had 81.2M outstanding shares.

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Village Farms announces NCIB for shares