Village Farms International (VFF) 10-Q 8 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	May 06, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Trading Symbol	VFF
Entity Registrant Name	VILLAGE FARMS INTERNATIONAL, INC.
Entity Central Index Key	0001584549
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Security Exchange Name	NASDAQ
Entity Address, Country	CA
Title of 12(b) Security	Common Shares, without par value
Entity File Number	001-38783
Entity Incorporation State Country Code	A6
Entity Tax Identification Number	98-1007671
Entity Address, State or Province	BC
Entity Address, Address Line One	4700-80th Street
Entity Address, City or Town	Delta
Entity Address, Postal Zip Code	V4K 3N3
City Area Code	604
Local Phone Number	940-6012
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		110,248,929

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 26,685	$ 30,291
Restricted cash	5,000	5,000
Trade receivables	38,826	30,561
Inventories	74,029	78,472
Other receivables	115	294
Prepaid expenses and deposits	6,197	7,150
Total current assets	150,852	151,768
Non-current assets
Property, plant and equipment	201,020	205,613
Investments	2,656	2,656
Goodwill	54,942	55,918
Intangibles	30,778	32,275
Deferred tax asset	4,201	4,201
Right-of-use assets	11,944	12,596
Other assets	2,046	1,962
Total assets	458,439	466,989
Current liabilities
Line of credit	4,000	4,000
Trade payables	19,935	21,753
Current maturities of long-term debt	8,866	9,133
Accrued sales taxes	21,331	15,941
Accrued loyalty program	1,668	1,773
Accrued liabilities	12,024	15,076
Lease liabilities - current	2,243	2,112
Income tax payable	47	28
Other current liabilities	2,561	2,340
Total current liabilities	72,675	72,156
Non-current liabilities
Long-term debt	37,217	38,925
Deferred tax liability	23,553	23,730
Lease liabilities - non-current	10,534	11,335
Other liabilities	2,044	1,902
Total liabilities	146,023	148,048
Commitments and contingencies
MEZZANINE EQUITY
Redeemable non-controlling interest	15,627	15,667
SHAREHOLDERS’ EQUITY
Common stock, no par value per share - unlimited shares authorized; 110,248,929 shares issued and outstanding at March 31, 2024 and December 31, 2023.	386,719	386,719
Additional paid in capital	26,016	25,611
Accumulated other comprehensive loss	(7,503)	(3,540)
Retained earnings	(109,017)	(106,165)
Total Village Farms International, Inc. shareholders' equity	296,215	302,625
Non-controlling interest	574	649
Total shareholders' equity	296,789	303,274
Total liabilities, mezzanine equity and shareholders’ equity	$ 458,439	$ 466,989

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Position (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Assets [Abstract]
Common stock, no par value	$ 0	$ 0
Common stock, unlimited shares, authorized	Unlimited	Unlimited
Common stock, shares, issued	110,248,929	110,248,929
Common stock, shares, outstanding	110,248,929	110,248,929

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Sales	$ 78,077	$ 64,656
Cost of sales	(62,564)	(52,356)
Gross profit	15,513	12,300
Selling, general and administrative expenses	(16,387)	(17,405)
Interest expense	(917)	(1,133)
Interest income	206	196
Foreign exchange loss, net	(878)	(69)
Other income (expense)	104	30
Loss before taxes	(2,359)	(6,081)
Provision for income taxes	(320)	(634)
Loss including non-controlling interests	(2,679)	(6,715)
Less: net (income) loss attributable to non-controlling interests, net of tax	(173)	79
Net loss attributable to Village Farms International, Inc. shareholders	$ (2,852)	$ (6,636)
Basic loss per share attributable to Village Farms International, Inc. shareholders	$ (0.03)	$ (0.06)
Diluted loss per share attributable to Village Farms International, Inc. shareholders	$ (0.03)	$ (0.06)
Weighted average number of common shares used in the computation of net loss per share (in thousands):
Basic	110,249	104,097
Diluted	110,249	104,097
Loss including non-controlling interests	$ (2,679)	$ (6,715)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(4,251)	862
Comprehensive loss including non-controlling interests	(6,930)	(5,853)
Comprehensive loss (income) attributable to non-controlling interests	115	(42)
Comprehensive loss attributable to Village Farms International, Inc. shareholders	$ (6,815)	$ (5,895)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity and Mezzanine Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2022	$ 303,830	$ 372,429	$ 13,372	$ (8,371)	$ (74,367)	$ 767
Beggining Balance (in shares) at Dec. 31, 2022		91,789
Mezzanine Equity, Beginning balance at Dec. 31, 2022	16,164
Proceeds from issuance of common stock / Shares issued in public offering, net of issuance costs	14,207	$ 14,207
Proceeds from issuance of common stock / Shares issued in pubic offering, net of issuance costs (in shares)		18,350
Warrants issued in public offering	9,128		9,128
Shares issued on exercise of stock options	83	$ 83
Shares issued on exercise of stock options (in shares)		100
Share-based compensation	1,732		1,732
Cumulative translation adjustment	862			862
Net (loss) Income	(6,685)				(6,636)	(49)
Mezzanine Equity, Net loss	(30)
Ending Balance at Mar. 31, 2023	323,157	$ 386,719	24,232	(7,509)	(81,003)	718
Ending Balance (in shares) at Mar. 31, 2023		110,239
Mezzanine Equity, Ending balance at Mar. 31, 2023	16,134
Beginning Balance at Dec. 31, 2023	303,274	$ 386,719	25,611	(3,540)	(106,165)	649
Beggining Balance (in shares) at Dec. 31, 2023		110,249
Mezzanine Equity, Beginning balance at Dec. 31, 2023	15,667
Share-based compensation	405		405
Cumulative translation adjustment	(3,984)			(3,963)		(21)
Net (loss) Income	(2,906)				(2,852)	(54)
Mezanine Equity, Cumulative translation adjustment	(267)
Mezzanine Equity, Net loss	227
Ending Balance at Mar. 31, 2024	296,789	$ 386,719	$ 26,016	$ (7,503)	$ (109,017)	$ 574
Ending Balance (in shares) at Mar. 31, 2024		110,249
Mezzanine Equity, Ending balance at Mar. 31, 2024	$ 15,627

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows provided by (used in) operating activities:
Net loss attributable to Village Farms International, Inc. shareholders	$ (2,852)	$ (6,636)
Adjustments to reconcile net loss attributable to Village Farms International, Inc. shareholders to net cash provided by (used in) operating activities:
Depreciation and amortization	4,558	3,986
Amortization of deferred charges	10	34
Net loss attributable to non-controlling interest	173	(79)
Interest expense	917	1,133
Interest paid on long-term debt	(1,062)	(1,511)
Unrealized foreign exchange loss	130	(13)
Loss on disposal of assets		4
Non-cash lease expense	631	(4)
Share-based compensation	405	1,732
Deferred income taxes	330	(734)
Changes in non-cash working capital items	(3,290)	(1,580)
Net cash used in operating activities	(50)	(3,668)
Cash flows used in investing activities:
Purchases of property, plant and equipment	(1,876)	(1,076)
Net cash used in investing activities	(1,876)	(1,076)
Cash flows (used in) provided by financing activities:
Repayments on borrowings	(1,442)	(4,788)
Proceeds from issuance of common stock and warrants		24,772
Issuance costs		(1,437)
Proceeds from exercise of stock options		83
Net cash (used in) provided by financing activities	(1,442)	18,630
Effect of exchange rate changes on cash and cash equivalents	(238)	(678)
Net (decrease) increase in cash, cash equivalents and restricted cash	(3,606)	13,208
Cash, cash equivalents and restricted cash, beginning of period	35,291	21,676
Cash, cash equivalents and restricted cash, end of period	$ 31,685	$ 34,884

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,852)	$ (6,636)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Business, Basis Of Presentation

Business, Basis Of Presentation And Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Business, Basis Of Presentation And Significant Accounting Policies	1. BUSINESS, BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Nature of Business Village Farms International, Inc. (“VFF” and, together with its subsidiaries, the “Company”, “we”, “us”, or “our”) is a corporation existing under the Ontario Business Corporations Act. VFF’s principal operating subsidiaries as of March 31, 2024 are Village Farms Canada Limited Partnership, Village Farms, L.P., Pure Sunfarms Corp. (“Pure Sunfarms”), and Balanced Health Botanicals, LLC (“Balanced Health”) and VF Clean Energy, Inc. ("VFCE"). VFF also owns a 70 % interest in Rose LifeScience Inc. (“Rose”) and an 85 % interest in Leli Holland B.V. ("Leli"). The address of the registered office of VFF is 4700-80th Street, Delta, British Columbia, Canada, V4K 3N3. The Company’s shares are listed on Nasdaq Capital Market (“Nasdaq”) under the symbol “VFF”. Village Farms owns and operates sophisticated, highly intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells premium-quality tomatoes, bell peppers and cucumbers. Its wholly owned subsidiary, Pure Sunfarms, is a vertically integrated Licensed Producer ("LP") and supplier of cannabis products sold to customers throughout Canada and internationally. The Company’s wholly owned subsidiary, Balanced Health, develops and sells high-quality, cannabidiol (“CBD”) based products including ingestible, edible and topical applications within the US. Through its 70 % ownership of Rose, the Company has a substantial presence in the Province of Quebec as a cannabis supplier, producer and commercialization expert. Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Pursuant to these rules and regulations, certain information and footnote disclosures normally included in the annual audited consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The accompanying condensed consolidated statement of financial position as of December 31, 2023 is derived from the Company’s audited financial statements as of that date. Because certain information and footnote disclosures have been condensed or omitted, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2023 contained in the Company’s 2023 Annual Report on Form 10-K. In management’s opinion, all normal and recurring adjustments considered necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented have been included. When necessary, certain prior year amounts have been reclassified to conform with the current period presentation. Interim period operating results do not necessarily indicate the results that may be expected for any other interim period or for the full fiscal year. The Company believes that the disclosures made in these consolidated financial statements are adequate to make the information not misleading. Principals of Consolidation The accompanying condensed consolidated financial statements include Village Farms International, Inc. and its subsidiaries and include the accounts of all majority-owned subsidiaries over which the Company exercises control and, when applicable, entities in which the Company has a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation. Other parties’ interests in entities that the Company consolidates are reported as non-controlling interests within equity, except for mandatorily redeemable non-controlling interests, which are recorded within mezzanine equity. Net income or loss attributable to non-controlling interests is reported as a separate line item below net income or loss. The Company applies the equity method of accounting for its investments in entities for which it does not have a controlling financial interest, but over which it has the ability to exert significant influence. For equity investees in which the Company has an undivided interest in the assets, liabilities and profits or losses of an unconsolidated entity, but does not exercise control over the entity, the Company consolidates its proportional interest in the accounts of the entity. Translations of Foreign Currencies The assets and liabilities of foreign subsidiaries with a functional currency other than the U.S. dollar are translated into U.S. dollars at period-end exchange rates, with resulting translation gains or losses included within other comprehensive income or loss. Revenue and expenses are translated into U.S. dollars at average rates of exchange during the applicable period. Substantially all of the Company’s foreign operations use their local currency as their functional currency. For foreign operations for which the local currency is not the functional currency, the operation’s non-monetary assets are remeasured into U.S. dollars at historical exchange rates. All other accounts are remeasured at current exchange rates. Gains or losses from remeasurement are included in foreign exchange loss, net. Currency gains or losses resulting from transactions executed in currencies other than the functional currency are included in foreign exchange gain (loss). In these condensed consolidated financial statements, “$” means U.S. dollars unless otherwise noted. General Economic, Regulatory and Market Conditions The Company has experienced, and may continue to experience, direct and indirect negative effects on its business and operations from negative economic, regulatory and market conditions, including recent inflationary effects on fuel prices, labor and materials costs, rising interest rates, potential recessionary impacts and supply chain disruptions that could negatively affect demand for new projects and/or delay existing project timing or cause increased project costs. The extent to which general economic, regulatory and market conditions could affect the Company’s business, operations and financial results is uncertain as it will depend upon numerous evolving factors that management may not be able to accurately predict, and, therefore, any future impacts on the Company’s business, financial condition and/or results of operations cannot be quantified or predicted with specificity. Recent Accounting Pronouncements No accounting pronouncements recently issued or newly effective have had, or are expected to have, a material impact on the Company’s condensed consolidated financial statements.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventories	2. INVENTORIES Inventories consisted of the following as of: Classification March 31, 2024 December 31, 2023 Cannabis: Raw materials $ 1,017 $ 985 Work-in-progress 8,014 6,543 Finished goods 38,058 47,084 Packaging 8,291 7,641 Produce: Crop inventory 18,057 15,492 Purchased produce inventory 592 727 Inventory $ 74,029 $ 78,472

Property Plant And Equipment

Property Plant And Equipment	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Property Plant And Equipment	3. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following as of: Classification March 31, 2024 December 31, 2023 Land $ 14,397 $ 14,641 Leasehold and land improvements 5,510 5,525 Buildings 214,838 217,384 Machinery and equipment 90,061 86,674 Construction in progress 11,289 13,619 Less: Accumulated depreciation ( 135,075 ) ( 132,230 ) Property, plant and equipment, net $ 201,020 $ 205,613 Depreciation expense on property, plant and equipment, was $ 3,728 and $ 3,204 for the three months ended March 31, 2024 and 2023 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	4. GOODWILL AND INTANGIBLE ASSETS Goodwill The following table presents the changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2024: Cannabis - Canada Cannabis - United States Total Balance as of January 1, 2024 $ 45,879 $ 10,039 $ 55,918 Foreign currency translation adjustment ( 976 ) — ( 976 ) Balance as of March 31, 2024 $ 44,903 $ 10,039 $ 54,942 Intangible Assets Intangibles consisted of the following as of: Classification March 31, 2024 December 31, 2023 Licenses $ 18,118 $ 18,540 Brand and trademarks* 12,720 12,795 Customer relationships 13,296 13,586 Computer software 1,955 1,974 Other* 144 144 Less: Accumulated amortization ( 8,105 ) ( 7,414 ) Less: Impairments ( 7,350 ) ( 7,350 ) Intangibles, net $ 30,778 $ 32,275 * Indefinite-lived intangible assets The expected future amortization expense for definite-lived intangible assets as of March 31, 2024 was as follows: Fiscal period Remainder of 2024 $ 2,480 2025 3,220 2026 3,131 2027 3,131 2028 1,880 Thereafter 11,422 Intangibles, net $ 25,264 Assessment for Indicators of Impairment During the three months ended March 31, 2024 and 2023, the Company considered qualitative factors in assessing for impairment indicators for the Company’s U.S. and Canadian Cannabis segments. As part of this assessment, the Company considered both external and internal factors, including overall financial performance and outlook. At March 31, 2024 , the Company concluded that no impairment indicators existed as no events or circumstances occurred that would, more likely than not, reduce the fair value of the reporting units to be below their carrying amounts.

Line of Credit and Long-term De

Line of Credit and Long-term Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Line of Credit and Long-term Debt	5. LINE OF CREDIT AND LONG-TERM DEBT The following table provides details for the carrying values of debt as of: March 31, 2024 December 31, 2023 Term Loan - ("FCC Loan") - repayable by monthly principal payments of $ 164 and accrued interest at a rate of 8.84 %; matures May 3, 2027 $ 22,296 $ 22,788 Term Loan - Pure Sunfarms - C$ 19.0 M - Canadian prime interest rate plus an applicable margin, repayable in quarterly payments equal to 2.50 % of the outstanding principal amount, interest rate of 8.95 %; matures February 7, 2026 7,752 8,298 Term loan - Pure Sunfarms - C$ 25.0 M - Canadian prime interest rate plus an applicable margin, repayable in quarterly payments equal to 2.50 % of the outstanding principal amount starting June 30, 2021 , interest rate of 8.95 %; matures February 7, 2026 12,458 13,201 BDC Facility - Pure Sunfarms - non-revolving demand loan repayable by monthly principal payments of C$ 52 and accrued interest at a rate of 10.95 %, matures December 31, 2031 3,577 3,771 Total $ 46,083 $ 48,058 The Company’s line of credit ("Operating Loan") had $ 4,000 amount drawn on the facility as of March 31, 2024 and December 31, 2023. The carrying value of the assets and securities pledged as collateral for the FCC Loan as of March 31, 2024 and December 31, 2023 was $ 97,614 and $ 117,293 , respectively. The carrying value of the assets pledged as collateral for the Operating Loan as of March 31, 2024 and December 31, 2023 was $ 30,032 and $ 28,034 , respectively. The Pure Sunfarms line of credit had a balance of $ 0 as of March 31, 2024 and December 31, 2023, respectively. The Company is required to comply with financial covenants, measured either quarterly or annually depending on the covenant. The Company was in compliance with all its credit facility covenants as of March 31, 2024. The weighted average annual interest rate on short-term borrowings as of March 31, 2024 and December 31, 2023 was 9.73 % and 9.44 % , respectively. Accrued interest payable on all long-term debt as of March 31, 2024 and December 31, 2023 was $ 442 and $ 390 , respectively, and these amounts are included in accrued liabilities in the Condensed Consolidated Statements of Financial Position. The aggregate annual principal maturities of long-term debt for the remainder of 2024 and thereafter are as follows: Remainder of 2024 $ 4,313 2025 5,751 2026 16,825 2027 17,347 2028 461 Thereafter 1,386 Total $ 46,083

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2024
Investments, All Other Investments [Abstract]
Financial Instruments	6. FINANCIAL INSTRUMENTS The Company’s financial instruments include cash and cash equivalents, trade receivables, minority investments, line of credit, trade payables, accrued liabilities, lease liabilities, note payables and debt. The carrying value of cash and cash equivalents, trade receivables, trade payables, and accrued liabilities approximate their fair values due to the short-term maturity of these financial instruments. The carrying value of line of credit, lease liabilities, notes payable, and debt approximate their fair values due to insignificant changes in credit risk. For its investments, the Company has selected the practicability election to fair value measurement, under which the investment is measured at cost, less impairment, plus or minus observable price changes of an identical or similar investment.

Related Party Transactions And

Related Party Transactions And Balances	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transaction And Balances	7. RELATED PARTY TRANSACTIONS AND BALANCES The Company leases its Rose office building from a company employee who also owns a minority interest in Rose. For the three months ended March 31, 2024 and 2023, the Company paid C$ 39 and C$ 45 , respectively, to lease this office space. One of the Company’s employees is related to a member of the Company’s executive management team and received approximately $ 30 in salary and benefits during the three months ended March 31, 2024 and 2023 , respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	8. INCOME TAXES The Company has recorded a provision for income taxes of ($ 320 ) for the three months ended March 31, 2024, compared with a provision for income taxes of ($ 634 ) for the same period last year. The Company’s income tax provision is based on management’s estimate of the effective tax rate for the full year. The tax (provision) benefit in any period will be affected by, among other things, permanent, as well as temporary, differences in the deductibility of certain items, changes in the valuation allowance related to net deferred tax assets, in addition to changes in tax legislation. As a result, the Company may experience significant fluctuations in the effective book tax rate (that is, tax expense divided by pre-tax book income) from period to period. In order to fully utilize the net deferred tax assets, the Company will need to generate sufficient taxable income in future years. The Company analyzed all positive and negative evidence to determine if, based on the weight of available evidence, it is more likely than not to realize the benefit of the net deferred tax assets. The recognition of the net deferred tax assets and related tax benefits is based upon the Company’s conclusions regarding, among other considerations, estimates of future earnings based on information currently available and current and anticipated customers, contracts, and product introductions, as well as historical operating results and certain tax planning strategies. Based on the analysis of all available evidence, both positive and negative, the Company has concluded that it does not have the ability to generate sufficient taxable income in the necessary period to utilize the entire benefit for the deferred tax assets. Accordingly, the Company established a valuation allowance of $ 40,203 as of March 31, 2024 and $ 39,530 as of December 31, 2023. The Company cannot presently estimate what, if any, changes to the valuation of its deferred tax assets may be deemed appropriate in the future. If the Company incurs future losses, it may be necessary to record additional valuation allowance related to the deferred tax assets recognized as of March 31, 2024. As of March 31, 2024 , the Company’s net deferred tax assets totaled approximately $ 4,201 and were primarily derived from net operating loss carryforwards.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment and Geographic Information	9. SEGMENT AND GEOGRAPHIC INFORMATION Segment reporting is prepared on the same basis that the Company’s Chief Executive Officer, who is the Company’s Chief Operating Decision Maker, manages the business, makes operating decisions and assesses performance. As of March 31, 2024 , the Company’s four segments are as follows: Segment Description Produce The Produce segment produces, markets, and sells premium quality tomatoes, bell peppers and cucumbers. Cannabis – Canada The Cannabis – Canada segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. Cannabis – United States The Cannabis – United States segment develops and sells high-quality, CBD-based health and wellness products including ingestible, edible and topical applications. Energy The Energy business produces renewable natural gas that it sells per a long-term contract to one customer. The Company’s primary operations are in the United States and Canada. Segment information is summarized below: Three months ended March 31, 2024 2023 Sales Produce $ 36,094 $ 34,567 Cannabis - Canada 37,446 25,112 Cannabis - United States 4,537 4,977 $ 78,077 $ 64,656 Gross profit Produce $ 3,310 $ 614 Cannabis - Canada 9,508 8,455 Cannabis - United States 2,695 3,238 Energy — ( 7 ) $ 15,513 $ 12,300

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Loss Per Share	10. LOSS PER SHARE Basic and diluted net loss per common share is calculated as follows: Three months ended March 31, 2024 2023 Numerator: Net loss attributable to Village Farms International, Inc. shareholders $ ( 2,852 ) $ ( 6,636 ) Denominator: Weighted average number of common shares - basic 110,249 104,097 Effect of dilutive securities- share-based employee options and awards — — Weighted average number of common shares - diluted 110,249 104,097 Antidilutive options and awards 6,572 6,157 Net loss per ordinary share: Basic $ ( 0.03 ) $ ( 0.06 ) Diluted $ ( 0.03 ) $ ( 0.06 )

Shareholders' Equity and Share

Shareholders' Equity and Share Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Shareholders' Equity and Share Based Compensation	11. SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION Share-based compensation expense for the three months ended March 31, 2024 was $ 405 , and $ 1,732 for the three months ended March 31, 2023, respectively. Stock option activity for the three months ended March 31, 2024 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2023 6,946,576 $ 3.50 7.54 $ 83 Granted 50,000 $ 0.83 9.80 $ 3 Forfeited/expired ( 424,167 ) $ 3.43 Outstanding at March 31, 2024 6,572,409 $ 3.49 7.64 $ 1,061 Exercisable at March 31, 2024 3,392,739 $ 5.44 6.32 $ 141

Changes in Non-Cash Working Cap

Changes in Non-Cash Working Capital Items	9 Months Ended
	Sep. 30, 2023
Disclosure Of Changes In Non Cash Working Capital Items [Abstract]
Changes in Non Cash Working Capital Items	12. CHANGES IN NON-CASH WORKING CAPITAL ITEMS Three Months Ended March 31, 2024 2023 Trade receivables $ ( 7,095 ) $ 1,193 Inventories 3,216 ( 4,169 ) Other receivables ( 1 ) 8 Prepaid expenses and deposits 836 63 Trade payables ( 2,993 ) ( 5,971 ) Accrued liabilities 3,431 3,869 Lease liabilities ( 664 ) — Other assets, net of other liabilities ( 20 ) 3,427 $ ( 3,290 ) $ ( 1,580 )

Business, Basis Of Presentati_2

Business, Basis Of Presentation And Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Pursuant to these rules and regulations, certain information and footnote disclosures normally included in the annual audited consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The accompanying condensed consolidated statement of financial position as of December 31, 2023 is derived from the Company’s audited financial statements as of that date. Because certain information and footnote disclosures have been condensed or omitted, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2023 contained in the Company’s 2023 Annual Report on Form 10-K. In management’s opinion, all normal and recurring adjustments considered necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented have been included. When necessary, certain prior year amounts have been reclassified to conform with the current period presentation. Interim period operating results do not necessarily indicate the results that may be expected for any other interim period or for the full fiscal year. The Company believes that the disclosures made in these consolidated financial statements are adequate to make the information not misleading.
Principals of Consolidation	Principals of Consolidation The accompanying condensed consolidated financial statements include Village Farms International, Inc. and its subsidiaries and include the accounts of all majority-owned subsidiaries over which the Company exercises control and, when applicable, entities in which the Company has a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation. Other parties’ interests in entities that the Company consolidates are reported as non-controlling interests within equity, except for mandatorily redeemable non-controlling interests, which are recorded within mezzanine equity. Net income or loss attributable to non-controlling interests is reported as a separate line item below net income or loss. The Company applies the equity method of accounting for its investments in entities for which it does not have a controlling financial interest, but over which it has the ability to exert significant influence. For equity investees in which the Company has an undivided interest in the assets, liabilities and profits or losses of an unconsolidated entity, but does not exercise control over the entity, the Company consolidates its proportional interest in the accounts of the entity.
Translations of Foreign Currencies	Translations of Foreign Currencies The assets and liabilities of foreign subsidiaries with a functional currency other than the U.S. dollar are translated into U.S. dollars at period-end exchange rates, with resulting translation gains or losses included within other comprehensive income or loss. Revenue and expenses are translated into U.S. dollars at average rates of exchange during the applicable period. Substantially all of the Company’s foreign operations use their local currency as their functional currency. For foreign operations for which the local currency is not the functional currency, the operation’s non-monetary assets are remeasured into U.S. dollars at historical exchange rates. All other accounts are remeasured at current exchange rates. Gains or losses from remeasurement are included in foreign exchange loss, net. Currency gains or losses resulting from transactions executed in currencies other than the functional currency are included in foreign exchange gain (loss). In these condensed consolidated financial statements, “$” means U.S. dollars unless otherwise noted.
General Economic, Regulatory and Market Conditions	General Economic, Regulatory and Market Conditions The Company has experienced, and may continue to experience, direct and indirect negative effects on its business and operations from negative economic, regulatory and market conditions, including recent inflationary effects on fuel prices, labor and materials costs, rising interest rates, potential recessionary impacts and supply chain disruptions that could negatively affect demand for new projects and/or delay existing project timing or cause increased project costs. The extent to which general economic, regulatory and market conditions could affect the Company’s business, operations and financial results is uncertain as it will depend upon numerous evolving factors that management may not be able to accurately predict, and, therefore, any future impacts on the Company’s business, financial condition and/or results of operations cannot be quantified or predicted with specificity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements No accounting pronouncements recently issued or newly effective have had, or are expected to have, a material impact on the Company’s condensed consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consisted of the following as of: Classification March 31, 2024 December 31, 2023 Cannabis: Raw materials $ 1,017 $ 985 Work-in-progress 8,014 6,543 Finished goods 38,058 47,084 Packaging 8,291 7,641 Produce: Crop inventory 18,057 15,492 Purchased produce inventory 592 727 Inventory $ 74,029 $ 78,472

Property Plant And Equipment (T

Property Plant And Equipment (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following as of: Classification March 31, 2024 December 31, 2023 Land $ 14,397 $ 14,641 Leasehold and land improvements 5,510 5,525 Buildings 214,838 217,384 Machinery and equipment 90,061 86,674 Construction in progress 11,289 13,619 Less: Accumulated depreciation ( 135,075 ) ( 132,230 ) Property, plant and equipment, net $ 201,020 $ 205,613 Depreciation expense on property, plant and equipment, was $ 3,728 and $ 3,204 for the three months ended March 31, 2024 and 2023 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Value of Goodwill by Reportable Segment	The following table presents the changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2024: Cannabis - Canada Cannabis - United States Total Balance as of January 1, 2024 $ 45,879 $ 10,039 $ 55,918 Foreign currency translation adjustment ( 976 ) — ( 976 ) Balance as of March 31, 2024 $ 44,903 $ 10,039 $ 54,942
Schedule of Acquired Intangible Assets	Intangibles consisted of the following as of: Classification March 31, 2024 December 31, 2023 Licenses $ 18,118 $ 18,540 Brand and trademarks* 12,720 12,795 Customer relationships 13,296 13,586 Computer software 1,955 1,974 Other* 144 144 Less: Accumulated amortization ( 8,105 ) ( 7,414 ) Less: Impairments ( 7,350 ) ( 7,350 ) Intangibles, net $ 30,778 $ 32,275 * Indefinite-lived intangible assets
Schedule of Expected Future Amortization Expense for Definite-Lived Intangible Assets	The expected future amortization expense for definite-lived intangible assets as of March 31, 2024 was as follows: Fiscal period Remainder of 2024 $ 2,480 2025 3,220 2026 3,131 2027 3,131 2028 1,880 Thereafter 11,422 Intangibles, net $ 25,264

Line of Credit and Long-term _2

Line of Credit and Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Carrying Values of Debt	The following table provides details for the carrying values of debt as of: March 31, 2024 December 31, 2023 Term Loan - ("FCC Loan") - repayable by monthly principal payments of $ 164 and accrued interest at a rate of 8.84 %; matures May 3, 2027 $ 22,296 $ 22,788 Term Loan - Pure Sunfarms - C$ 19.0 M - Canadian prime interest rate plus an applicable margin, repayable in quarterly payments equal to 2.50 % of the outstanding principal amount, interest rate of 8.95 %; matures February 7, 2026 7,752 8,298 Term loan - Pure Sunfarms - C$ 25.0 M - Canadian prime interest rate plus an applicable margin, repayable in quarterly payments equal to 2.50 % of the outstanding principal amount starting June 30, 2021 , interest rate of 8.95 %; matures February 7, 2026 12,458 13,201 BDC Facility - Pure Sunfarms - non-revolving demand loan repayable by monthly principal payments of C$ 52 and accrued interest at a rate of 10.95 %, matures December 31, 2031 3,577 3,771 Total $ 46,083 $ 48,058
Schedule of principal maturities of long term debt	The aggregate annual principal maturities of long-term debt for the remainder of 2024 and thereafter are as follows: Remainder of 2024 $ 4,313 2025 5,751 2026 16,825 2027 17,347 2028 461 Thereafter 1,386 Total $ 46,083

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Summary of Net Sales by the Countries and Business	The Company’s primary operations are in the United States and Canada. Segment information is summarized below: Three months ended March 31, 2024 2023 Sales Produce $ 36,094 $ 34,567 Cannabis - Canada 37,446 25,112 Cannabis - United States 4,537 4,977 $ 78,077 $ 64,656 Gross profit Produce $ 3,310 $ 614 Cannabis - Canada 9,508 8,455 Cannabis - United States 2,695 3,238 Energy — ( 7 ) $ 15,513 $ 12,300

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Income Per Share [Abstract]
Summary of Basic and Diluted Net Loss per Common Share	Basic and diluted net loss per common share is calculated as follows: Three months ended March 31, 2024 2023 Numerator: Net loss attributable to Village Farms International, Inc. shareholders $ ( 2,852 ) $ ( 6,636 ) Denominator: Weighted average number of common shares - basic 110,249 104,097 Effect of dilutive securities- share-based employee options and awards — — Weighted average number of common shares - diluted 110,249 104,097 Antidilutive options and awards 6,572 6,157 Net loss per ordinary share: Basic $ ( 0.03 ) $ ( 0.06 ) Diluted $ ( 0.03 ) $ ( 0.06 )

Shareholders' Equity and Shar_2

Shareholders' Equity and Share Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of fair value of stock option valuation assumptions	Stock option activity for the three months ended March 31, 2024 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2023 6,946,576 $ 3.50 7.54 $ 83 Granted 50,000 $ 0.83 9.80 $ 3 Forfeited/expired ( 424,167 ) $ 3.43 Outstanding at March 31, 2024 6,572,409 $ 3.49 7.64 $ 1,061 Exercisable at March 31, 2024 3,392,739 $ 5.44 6.32 $ 141

Changes in Non-Cash Working C_2

Changes in Non-Cash Working Capital Items (Tables)	3 Months Ended
	Mar. 31, 2024
Disclosure Of Changes In Non Cash Working Capital Items [Abstract]
Summary of Changes in Non Cash Working Capital Items	Three Months Ended March 31, 2024 2023 Trade receivables $ ( 7,095 ) $ 1,193 Inventories 3,216 ( 4,169 ) Other receivables ( 1 ) 8 Prepaid expenses and deposits 836 63 Trade payables ( 2,993 ) ( 5,971 ) Accrued liabilities 3,431 3,869 Lease liabilities ( 664 ) — Other assets, net of other liabilities ( 20 ) 3,427 $ ( 3,290 ) $ ( 1,580 )

Business, Basis Of Presentati_3

Business, Basis Of Presentation And Significant Accounting Policies - Additional Information (Detail)	Mar. 31, 2024
Rose LifeScience Inc. [Member]
Nature Of Operations [Line Items]
Equity ownership percentage	70%
Leli Holland B.V. [Member]
Nature Of Operations [Line Items]
Equity ownership percentage	85%

Inventories - Summary of Invent

Inventories - Summary of Inventory Current (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Inventory [Line Items]
Inventories	$ 74,029	$ 78,472
Raw Materials [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	1,017	985
Work-In-Progress [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	8,014	6,543
Finished Goods [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	38,058	47,084
Packaging [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	8,291	7,641
Crop Inventory [Member] | Produce And Energy
Inventory [Line Items]
Inventories	18,057	15,492
Purchased Produce Inventory [Member] | Produce And Energy
Inventory [Line Items]
Inventories	$ 592	$ 727

Property Plant And Equipment -

Property Plant And Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Less: Accumulated depreciation	$ (135,075)	$ (132,230)
Property, plant and equipment, net	201,020	205,613
Land [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	14,397	14,641
Leaseholds and Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	5,510	5,525
Buildings [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	214,838	217,384
Machinery and Equipment [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	90,061	86,674
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 11,289	$ 13,619

Property Plant And Equipment _2

Property Plant And Equipment - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation on property, plant and equipment	$ 3,728	$ 3,204

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Carrying Value of Goodwill by Reportable Segment (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Line Items]
Beginning Balance	$ 55,918
Foreign currency translation adjustment	(976)
Ending Balance	54,942
Cannabis Business [Member] | Canada [Member]
Goodwill [Line Items]
Beginning Balance	45,879
Foreign currency translation adjustment	(976)
Ending Balance	44,903
Cannabis Business [Member] | United States [Member]
Goodwill [Line Items]
Beginning Balance	10,039
Ending Balance	$ 10,039

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Less: Accumulated amortization	$ (8,105)	$ (7,414)
Less: Impairments	(7,350)	(7,350)
Intangibles, net	30,778	32,275
Licenses [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	18,118	18,540
Brand and Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	12,720	12,795
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	13,296	13,586
Computer Software [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	1,955	1,974
Other [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	$ 144	$ 144

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Expected Future Amortization Expense for Definite-Lived Intangible Assets (Detail) $ in Thousands	Mar. 31, 2024 USD ($)
Fiscal period
Remainder of 2024	$ 2,480
2025	3,220
2026	3,131
2027	3,131
2028	1,880
Thereafter	11,422
Intangibles, net	$ 25,264

Line of Credit and Long-term _3

Line of Credit and Long-term Debt - Schedule of Debt (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Term Loan	$ 46,083	$ 48,058
Term Loan (FCC Loan) [Member]
Debt Instrument [Line Items]
Term Loan	22,296	22,788
Term Loan One [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Term Loan	7,752	8,298
Term Loan Two [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Term Loan	12,458	13,201
BDC Facility [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Term Loan	$ 3,577	$ 3,771

Line of Credit and Long-term _4

Line of Credit and Long-term Debt - Schedule of Debt (Parenthetical) (Detail) - 3 months ended Mar. 31, 2024 $ in Millions, $ in Millions	USD ($)	CAD ($)
Term Loan (FCC Loan) [Member]
Debt Instrument [Line Items]
Debt instrument, periodic principal payment	$ 164
Debt instrument, interest rate during period	8.84%	8.84%
Debt instrument maturity date	May 03, 2027	May 03, 2027
Term Loan One [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Debt instrument, periodic principal payment		$ 19
Debt instrument, interest rate during period	8.95%	8.95%
Debt instrument maturity date	Feb. 07, 2026	Feb. 07, 2026
Debt Instrument Quarterly Payments Interest Rate	2.50%	2.50%
Term Loan Two [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Debt instrument, periodic principal payment		$ 25
Debt instrument, interest rate during period	8.95%	8.95%
Debt instrument maturity date	Feb. 07, 2026	Feb. 07, 2026
Debt Instrument Quarterly Payments Interest Rate	2.50%	2.50%
Debt instrument maturity date	Jun. 30, 2021	Jun. 30, 2021
BDC Facility [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Debt instrument, periodic principal payment		$ 52
Debt instrument, interest rate during period	10.95%	10.95%
Debt instrument maturity date	Dec. 31, 2031	Dec. 31, 2031

Line of Credit and Long-term _5

Line of Credit and Long-term Debt - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure Of Borrowings [Line Items]
Line of credit	$ 4,000	$ 4,000
Weighted average interest rate	9.73%	9.44%
Accounts Payable and Accrued Liabilities [Member]
Disclosure Of Borrowings [Line Items]
Accrued interest payable	$ 442	$ 390
Non-Revolving Variable Rate Term Loan 2021 [Member] | FCC Loan [Member]
Disclosure Of Borrowings [Line Items]
Securities pledged as collateral	97,614	117,293
Revolving Operating Loan [Member]
Disclosure Of Borrowings [Line Items]
Amounts drawn on facility	4,000	4,000
Securities pledged as collateral	30,032	28,034
Revolving Operating Loan [Member] | Pure Sunfarms [Member]
Disclosure Of Borrowings [Line Items]
Total outstanding amount	$ 0	$ 0

Line of Credit and Long-term _6

Line of Credit and Long-term Debt - Summary of Aggregate Annual Principal Maturities of Long-Term Debt (Detail) $ in Thousands	Mar. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Remainder of 2024	$ 4,313
2025	5,751
2026	16,825
2027	17,347
2028	461
Thereafter	1,386
Total	$ 46,083

Related Party Transactions An_2

Related Party Transactions And Balances - Additional Information (Detail) $ in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 CAD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 CAD ($)	Mar. 31, 2023 USD ($)
Employees
Related Party Transaction [Line Items]
Salary and benefits to employee		$ 30		$ 30
Rose
Related Party Transaction [Line Items]
Salary and benefits to employee	$ 39		$ 45

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ (320)	$ (634)
Valuation allowance	40,203		$ 39,530
Total deferred tax assets	$ 4,201

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2024 Segment
Segment Reporting [Abstract]
Number of operating segments	4

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of net sales by the countries and business (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Sales [Abstract]
Sales	$ 78,077	$ 64,656
Gross profit [Abstract]
Gross profit	15,513	12,300
Produce Business [Member]
Sales [Abstract]
Sales	36,094	34,567
Gross profit [Abstract]
Gross profit	3,310	614
Cannabis Canada Business [Member]
Sales [Abstract]
Sales	37,446	25,112
Gross profit [Abstract]
Gross profit	9,508	8,455
Cannabis United States Business [Member]
Sales [Abstract]
Sales	4,537	4,977
Gross profit [Abstract]
Gross profit	$ 2,695	3,238
Energy Business [Member]
Gross profit [Abstract]
Gross profit		$ (7)

Loss Per Share - Summary of Bas

Loss Per Share - Summary of Basic and Diluted Net Loss per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net loss attributable to Village Farms International, Inc. shareholders	$ (2,852)	$ (6,636)
Denominator:
Weighted average number of common shares - basic	110,249	104,097
Weighted average number of common shares - diluted	110,249	104,097
Antidilutive options and awards	6,572	6,157
Net loss per ordinary share:
Basic	$ (0.03)	$ (0.06)
Diluted	$ (0.03)	$ (0.06)

Shareholders' Equity and Shar_3

Shareholders' Equity and Share Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 405	$ 1,732

Shareholders' Equity and Shar_4

Shareholders' Equity and Share Based Compensation - Summary of Stock Option (Detail) - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, Beginning balance	6,946,576
Number of Options, Granted	50,000
Number of Options, Forfeited/expired	(424,167)
Number of Options, Ending balance	6,572,409	6,946,576
Number of Options, Exercisable	3,392,739
Weighted Average Exercise Price, Beginning balance	$ 3.5
Weighted Average Exercise Price, Granted	0.83
Weighted Average Exercise Price, Forfeited/expired	3.43
Weighted Average Exercise Price, Ending balance	3.49	$ 3.5
Weighted Average Exercise Price, Exercisable	$ 5.44
Weighted Average Remaining Contractual Term (years)	7 years 7 months 20 days	7 years 6 months 14 days
Weighted Average Remaining Contractual Term (years), Granted	9 years 9 months 18 days
Weighted Average Remaining Contractual Term (years), Exercisable	6 years 3 months 25 days
Aggregate Intrinsic Value	$ 1,061	$ 83
Aggregate Intrinsic Value, Granted	3
Aggregate Intrinsic Value, Excercisable	$ 141

Changes in Non Cash Working Cap

Changes in Non Cash Working Capital Items - Summary of Changes in Non Cash Working Capital Items (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Trade receivables	$ (7,095)	$ 1,193
Inventories	3,216	(4,169)
Other receivables	(1)	8
Prepaid expenses and deposits	836	63
Trade payables	(2,993)	(5,971)
Accrued liabilities	3,431	3,869
Lease liabilities	(664)
Other assets, net of other liabilities	(20)	3,427
Total	$ (3,290)	$ (1,580)