Village Farms International (Otc) (VFF) has released an update.
Village Farms International has expressed strong support for the Canadian House of Commons Standing Committee on Finance’s recommendations to modify the Cannabis Excise Duty model to a 10% ad valorem rate, believing this will bolster the industry by allowing producers to invest in innovation and job creation, while combating the illicit market. The company also endorses the Canadian Revenue Agency’s efforts to collect overdue excise taxes, which it views as essential for maintaining a fair and fiscally responsible cannabis industry. These changes are set to be considered for the upcoming Fiscal 2024 Federal Budget and could be implemented swiftly, impacting Village Farms’ operations across North America and internationally.
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