Village Farms International has acquired the remaining equity in Netherlands-based cannabis producer Leli Holland B.V.
The Vancouver, British Columbia-headquartered company initially agreed in 2021 to acquire an 80% stake in Leli Holland.
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At the time, the option cost 50,000 euros ($58,400) and was exercisable at the sole discretion of Village Farms.
Leli Holland is among 10 licensed cannabis producers in the Netherlands’ pilot program, according to a Tuesday news release.
Village Farms President and CEO Michael DeGiglio said the Dutch market is one of the most attractive limited-license cannabis markets in the world.
“After decades of tolerating the unintended consequences of a backdoor decriminalization policy, the new Dutch program represents an historic evolution of regulations that make it the first major European
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