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Village Farms granted Netherlands license

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Subsequently, Village Farms completed acquisition of 85% of privately held Leli Holland under its previously announced purchase option agreement, enabling Village Farms to directly participate as a Netherlands-based cultivator and distributor of cannabis in the Dutch Program, under which the Netherlands will become the first major European country to permit large scale cultivation and distribution of recreational cannabis. The Dutch Program is intended to evaluate determine whether and how controlled cannabis can be legally supplied to existing retailers (known as "coffee shops") and what the effects of such would be, specifically in the context of concerns around public order and safety, public health and crime amidst the current Dutch cannabis policy, which tolerates the sale and use of cannabis for recreational purposes but prohibits production and distribution to coffee shops.


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