Village Farms Increases Ownership Of Quebec-based Rose LifeScience By 10% To Hold An 80% Interest; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Village Farms International has increased its ownership stake in Quebec-based Rose LifeScience by 10%, bringing its total interest to 80%. The additional shares were purchased from Zaffino and Rose's co-founder and COO, Brian Stevenson, who will both retain their roles and continue to own 20% of Rose. The terms of the deal were not disclosed.
May 30, 2024 | 11:14 am
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Village Farms International has increased its ownership stake in Rose LifeScience by 10%, now holding an 80% interest. This move could strengthen VFF's position in the cannabis market.
Increasing ownership in Rose LifeScience to 80% indicates a strategic move by VFF to consolidate its position in the cannabis market. This could lead to enhanced operational control and potential synergies, positively impacting VFF's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100