Village Farms International (VFF) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 06, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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		111,727,953

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Position - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 29,657	$ 30,291
Restricted cash		5,000
Trade receivables	39,875	30,561
Inventories	59,029	78,472
Income tax receivable	8
Other receivables	1,087	294
Prepaid expenses and deposits	4,678	7,150
Total current assets	134,334	151,768
Non-current assets
Property, plant and equipment	198,433	205,613
Investments	2,656	2,656
Goodwill	44,460	55,918
Intangibles	27,869	32,275
Deferred tax asset	4,201	4,201
Right-of-use assets	11,352	12,596
Other assets	2,049	1,962
Total assets	425,354	466,989
Current liabilities
Line of credit	4,000	4,000
Trade payables	20,117	21,753
Current maturities of long-term debt	8,683	9,133
Accrued sales taxes	15,785	15,941
Accrued loyalty program	1,623	1,773
Accrued liabilities	13,299	15,076
Lease liabilities - current	2,354	2,112
Income tax payable		28
Other current liabilities	2,337	2,340
Total current liabilities	68,198	72,156
Non-current liabilities
Long-term debt	35,736	38,925
Deferred tax liability	23,582	23,730
Lease liabilities - non-current	9,712	11,335
Other liabilities	2,087	1,902
Total liabilities	139,315	148,048
MEZZANINE EQUITY
Redeemable non-controlling interest	10,358	15,667
SHAREHOLDERS’ EQUITY
Common stock, no par value per share - unlimited shares authorized; 111,727,953 shares issued and outstanding at June 30, 2024 and 110,248,929 shares issued and outstanding at December 31, 2023.	386,719	386,719
Additional paid in capital	30,405	25,611
Accumulated other comprehensive loss	(9,394)	(3,540)
Retained earnings	(132,566)	(106,165)
Total Village Farms International, Inc. shareholders' equity	275,164	302,625
Non-controlling interest	517	649
Total shareholders' equity	275,681	303,274
Total liabilities, mezzanine equity and shareholders’ equity	$ 425,354	$ 466,989

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Position (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Assets [Abstract]
Common stock, no par value	$ 0	$ 0
Common stock, unlimited shares, authorized	Unlimited	Unlimited
Common stock, shares, issued	111,727,953	110,248,929
Common stock, shares, outstanding	111,727,953	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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Sales	$ 92,182	$ 77,212	$ 170,259	$ 141,868
Cost of sales	(82,934)	(65,713)	(145,498)	(118,069)
Gross profit	9,248	11,499	24,761	23,799
Selling, general and administrative expenses	(19,666)	(16,753)	(36,053)	(34,158)
Interest expense	(905)	(1,411)	(1,822)	(2,544)
Interest income	322	283	528	479
Foreign exchange (loss) gain	(403)	738	(1,281)	669
Other income	45	5,602	149	5,632
Goodwill and intangible asset impairments	(11,939)		(11,939)
Loss before taxes	(23,298)	(42)	(25,657)	(6,123)
Provision for income taxes	(260)	(1,299)	(580)	(1,933)
Loss including non-controlling interests	(23,558)	(1,341)	(26,237)	(8,056)
Less: net loss (income) attributable to non-controlling interests, net of tax	9	(39)	(164)	40
Net loss attributable to Village Farms International, Inc. shareholders	$ (23,549)	$ (1,380)	$ (26,401)	$ (8,016)
Basic loss per share attributable to Village Farms International, Inc. shareholders	$ (0.21)	$ (0.01)	$ (0.24)	$ (0.07)
Diluted loss per share attributable to Village Farms International, Inc. shareholders	$ (0.21)	$ (0.01)	$ (0.24)	$ (0.07)
Weighted average number of common shares used in the computation of net loss per share (in thousands):
Basic	110,960	110,239	110,604	107,185
Diluted	110,960	110,239	110,604	107,185
Loss including non-controlling interests	$ (23,558)	$ (1,341)	$ (26,237)	$ (8,056)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(2,001)	4,225	(6,252)	5,087
Comprehensive (loss) gain including non-controlling interests	(25,559)	2,884	(32,489)	(2,969)
Comprehensive loss (income) attributable to non-controlling interests	117	(361)	232	(403)
Comprehensive (loss) gain attributable to Village Farms International, Inc. shareholders	$ (25,442)	$ 2,523	$ (32,257)	$ (3,372)

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	2,388		2,388
Cumulative translation adjustment	5,087			5,087
Net (loss) Income	(8,115)				(8,016)	(99)
Mezzanine Equity, Net loss	59
Ending Balance at Jun. 30, 2023	326,608	$ 386,719	24,888	(3,284)	(82,383)	668
Ending Balance (in shares) at Jun. 30, 2023		110,239
Mezzanine Equity, Ending balance at Jun. 30, 2023	16,223
Beginning Balance at Mar. 31, 2023	323,157	$ 386,719	24,232	(7,509)	(81,003)	718
Beggining Balance (in shares) at Mar. 31, 2023		110,239
Mezzanine Equity, Beginning balance at Mar. 31, 2023	16,134
Share-based compensation	656		656
Cumulative translation adjustment	4,225			4,225
Net (loss) Income	(1,430)				(1,380)	(50)
Mezzanine Equity, Net loss	89
Ending Balance at Jun. 30, 2023	326,608	$ 386,719	24,888	(3,284)	(82,383)	668
Ending Balance (in shares) at Jun. 30, 2023		110,239
Mezzanine Equity, Ending balance at Jun. 30, 2023	16,223
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 (in shares)		1,479
Share-based compensation	2,601		2,601
Mezzanine Equity, Acquisition of redeemable non-controlling interests	(5,209)
Acquisition of Redeemable non-controlling interest	2,193		2,193
Cumulative translation adjustment	(5,880)			(5,854)		(26)
Net (loss) Income	(26,507)				(26,401)	(106)
Mezanine Equity, Cumulative translation adjustment	(369)
Mezzanine Equity, Net loss	269
Ending Balance at Jun. 30, 2024	275,681	$ 386,719	30,405	(9,394)	(132,566)	517
Ending Balance (in shares) at Jun. 30, 2024		111,728
Mezzanine Equity, Ending balance at Jun. 30, 2024	10,358
Beginning Balance at Mar. 31, 2024	296,789	$ 386,719	26,016	(7,503)	(109,017)	574
Beggining Balance (in shares) at Mar. 31, 2024		110,249
Mezzanine Equity, Beginning balance at Mar. 31, 2024	15,627
Share-based compensation (in shares)		1,479
Share-based compensation	2,196		2,196
Mezzanine Equity, Acquisition of redeemable non-controlling interests	(5,209)
Acquisition of Redeemable non-controlling interest	2,193		2,193
Cumulative translation adjustment	(1,897)			(1,891)		(6)
Net (loss) Income	(23,600)				(23,549)	(51)
Mezanine Equity, Cumulative translation adjustment	(102)
Mezzanine Equity, Net loss	42
Ending Balance at Jun. 30, 2024	275,681	$ 386,719	$ 30,405	$ (9,394)	$ (132,566)	$ 517
Ending Balance (in shares) at Jun. 30, 2024		111,728
Mezzanine Equity, Ending balance at Jun. 30, 2024	$ 10,358

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Cash flows provided by (used in) operating activities:
Net loss attributable to Village Farms International, Inc. shareholders	$ (23,549)	$ (26,401)	$ (8,016)
Adjustments to reconcile net loss attributable to Village Farms International, Inc. shareholders to net cash provided by (used in) operating activities:
Depreciation and amortization		9,398	7,729
Amortization of deferred charges		10	68
Net gain (loss) attributable to non-controlling interest	(9)	164	(40)
Interest expense	905	1,822	2,544
Interest paid on long-term debt		(2,172)	(2,637)
Unrealized foreign exchange loss		172	27
Goodwill and intangible asset impairments	11,939	11,939
Non-cash lease expense		1,208	907
Share-based compensation		2,601	2,388
Deferred income taxes		589	(392)
Changes in non-cash working capital items		6,322	(7,825)
Net cash provided by (used in) operating activities		5,652	(5,247)
Cash flows (used in) provided by investing activities:
Purchases of property, plant and equipment		(4,879)	(2,548)
Purchases of intangibles		(80)
Repayment of note receivable			835
Net cash used in investing activities		(4,959)	(1,713)
Cash flows (used in) provided by financing activities:
Repayments on borrowings		(2,870)	(6,406)
Acquisitions, net		(3,016)
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		(5,886)	17,012
Effect of exchange rate changes on cash and cash equivalents		(441)	(69)
Net (decrease) increase in cash, cash equivalents and restricted cash		(5,634)	9,983
Cash, cash equivalents and restricted cash, beginning of period		35,291	21,676
Cash, cash equivalents and restricted cash, end of period	$ 29,657	$ 29,657	$ 31,659

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (23,549)	$ (1,380)	$ (26,401)	$ (8,016)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2024 were Village Farms Canada Limited Partnership, Village Farms, L.P., Pure Sunfarms Corp. (“Pure Sunfarms”), Balanced Health Botanicals, LLC (“Balanced Health”) and VF Clean Energy, Inc. ("VFCE"). VFF also owns an 80 % 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 U.S. Through its 80 % 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) gain. Currency gains or losses resulting from transactions executed in currencies other than the functional currency are included in foreign exchange (loss) gain. 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, elevated 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	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	2. INVENTORIES Inventories consisted of the following as of: Classification June 30, 2024 December 31, 2023 Cannabis: Raw materials $ 761 $ 985 Work-in-progress 8,328 6,543 Finished goods 32,951 47,084 Packaging 7,903 7,641 Produce: Crop inventory 8,503 15,492 Purchased produce inventory 583 727 Inventory $ 59,029 $ 78,472

Property Plant And Equipment

Property Plant And Equipment	6 Months Ended
	Jun. 30, 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 June 30, 2024 December 31, 2023 Land $ 14,289 $ 14,641 Leasehold and land improvements 5,506 5,525 Buildings 213,464 217,384 Machinery and equipment 90,987 86,674 Construction in progress 12,439 13,619 Less: Accumulated depreciation ( 138,252 ) ( 132,230 ) Property, plant and equipment, net $ 198,433 $ 205,613 Depreciation expense on property, plant and equipment, was $ 4,020 and $ 7,748 for the three and six months ended June 30, 2024, respectively and $ 2,953 and $ 6,157 for the three and six months ended June 30, 2023 , respectively.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	4. ACQUISITIONS On May 29, 2024 , the Company entered into a Share Purchase Agreement with Rose and non-controlling shareholders for the acquisition of an additional 10 % interest in Rose for a total cash purchase price of approximately $ 3,016 , which resulted in a reduction of mezzanine equity of ($ 5,209 ) and an increase in additional paid in capital of $ 2,193 . The Company's ownership interest in Rose is now 80 %.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	5. GOODWILL AND INTANGIBLE ASSETS Goodwill The following table presents the changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 2024: Cannabis - Canada Cannabis - United States Total Balance as of January 1, 2024 $ 45,879 $ 10,039 $ 55,918 Impairments - ( 10,039 ) ( 10,039 ) Foreign currency translation adjustment ( 1,419 ) - ( 1,419 ) Balance as of June 30, 2024 $ 44,460 $ - $ 44,460 Intangible Assets Intangible assets consisted of the following as of: Classification June 30, 2024 December 31, 2023 Licenses $ 17,956 $ 18,540 Brand and trademarks* 12,686 12,795 Customer relationships 13,165 13,586 Computer software 2,026 1,974 Other* 144 144 Less: Accumulated amortization ( 8,858 ) ( 7,414 ) Less: Impairments ( 9,250 ) ( 7,350 ) Intangibles, net $ 27,869 $ 32,275 * Indefinite-lived intangible assets The expected future amortization expense for definite-lived intangible assets as of June 30, 2024 was as follows: Fiscal period Remainder of 2024 $ 1,639 2025 3,192 2026 3,104 2027 3,104 2028 1,861 Thereafter 11,389 Intangibles, net $ 24,289 Assessment for Indicators of Impairment At the end of each reporting period, the Company assesses whether events or changes in circumstances have occurred that would indicate an impairment. The Company considers external and internal factors, including overall financial performance and relevant entity-specific factors, as part of this assessment. During the six months ended June 30, 2024 and 2023, the Company considered qualitative factors in assessing for impairment indicators for the Company’s U.S. and Canadian Cannabis segments. Cannabis - U.S. At June 30, 2024 , when the Company considered qualitative factors in assessing impairment indicators it concluded that the Company's U.S. - Cannabis segment more likely than not was impaired. The Company reviewed the reporting segment's assets, including goodwill and intangible assets. Based on recent historical performance during the quarter which has underperformed relative to budget, a revised June 30, 2024 forecast which shows a shortfall compared to the March 31, 2024 forecast, the new restrictions on CBD sales in an additional eight states at July 1, 2024, and the proliferation of unregulated hemp-derived products on the market which continues to challenge market share for the CBD industry, the Company concluded that as of June 30, 2024, the fair value of the brand intangible asset and goodwill was fully impaired and an impairment charge to intangibles of $ 1,900 and goodwill of $ 10,039 was allocated to the U.S. Cannabis reporting unit. Cannabis - U.S. - Goodwill The fair value of the reporting unit was determined based on a discounted cash flow projection using projections for 2024 to 2028 with an average revenue growth rate of 6 % between 2025 to 2028 , followed by a terminal growth rate of 2 %. Management concluded that as of June 30, 2024, the fair value was lower than its carrying amount and as a result, an impairment charge to goodwill of $ 10,039 was allocated to the reporting unit. The significant assumptions applied to the determination of the fair value are described below: Post-tax discount rate: A market participant post-tax discount rate applied to the after-tax forecast cash flows was 12 %. A decrease of 1 % to the discount rate, would not result in a material change to the impairment charge. Terminal growth rate: An increase of 1 % in the terminal growth rate would not result in a material change to the impairment charge. Future cash flows: An increase in future cash flows by 10 % would not result in a material change to the impairment charge. Cannabis – U.S. Brand The fair value of the brand was determined based on a discounted cash flow projection. Specifically, the Company utilized a relief from royalty valuation technique to arrive at the fair value of the brand. Management concluded that as of June 30, 2024, the fair value was lower than its carrying value of $ 1,900 as the notional brand maintenance costs exceeded the incremental royalty of 3.5 %. Therefore, an impairment charge to the brand intangible of $ 1,900 was allocated to the reporting unit. Cannabis - Canada When the Company considered qualitative factors in assessing impairment indicators for Canadian Cannabis it 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. At June 30, 2023 , 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	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Line of Credit and Long-term Debt	6. LINE OF CREDIT AND LONG-TERM DEBT The following table provides details for the carrying values of debt as of: June 30, 2024 December 31, 2023 Term Loan - ("FCC Loan") - repayable by monthly principal payments of $ 164 and accrued interest at a rate of 8.90 %; matures May 3, 2027 $ 21,804 $ 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 7,310 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 11,879 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 3,426 3,771 Total $ 44,419 $ 48,058 The Company’s line of credit with Bank of Montreal ("Operating Loan") had $ 4,000 amount drawn on the facility as of June 30, 2024 and December 31, 2023. The carrying value of the assets and securities pledged as collateral for the FCC Loan as of June 30, 2024 and December 31, 2023 was $ 80,400 and $ 117,293 , respectively. The carrying value of the assets pledged as collateral for the Operating Loan as of June 30, 2024 and December 31, 2023 was $ 23,359 and $ 28,034 , respectively. The Pure Sunfarms line of credit had a balance of $ 0 as of June 30, 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 June 30, 2024. The weighted average annual interest rate on short-term borrowings as of June 30, 2024 and December 31, 2023 was 9.73 % and 9.44 % , respectively. Accrued interest payable on all long-term debt as of June 30, 2024 and December 31, 2023 was $ 347 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 $ 2,857 2025 5,714 2026 16,679 2027 17,343 2028 457 Thereafter 1,369 Total $ 44,419

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
Financial Instruments	7. 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	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transaction And Balances	8. 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 and six months ended June 30, 2024, the Company paid C $ 151 and C $ 190 and for the three and six months ended June 30, 2023 the Company paid C $ 47 and C $ 92 , 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 $ 85 and $ 61 in salary and benefits during the six months ended June 30, 2024 and 2023, respectively. On May 29, 2024, the Company entered into a Share Purchase Agreement with Rose and non-controlling shareholders, which includes two company employees, for the acquisition of an additional 10 % interest in Rose for a total cash purchase price of approximately $ 3,016 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	9. INCOME TAXES The Company has recorded a provision for income taxes of ($ 260 ) and ($ 580 ) for the three and six months ended June 30, 2024, respectively, compared with a provision for income taxes of ($ 1,299 ) and ($ 1,933 ) for the same periods 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 $ 45,571 as of June 30, 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 June 30, 2024. As of June 30, 2024, the Company’s net deferred tax assets totaled $ 4,201 and were primarily derived from net operating loss carryforwards.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment and Geographic Information	10. 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 June 30, 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 receives a royalty from a renewable natural gas facility that is located at the Company's Delta facility. The Company’s primary operations are in the United States and Canada. Segment information is summarized below: Three months ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Sales Produce $ 47,019 $ 43,846 $ 83,113 $ 78,413 Cannabis - Canada 40,745 28,065 78,191 53,177 Cannabis - United States 4,297 5,301 8,834 10,278 Energy 121 — 121 — $ 92,182 $ 77,212 $ 170,259 $ 141,868 Gross profit Produce $ ( 4,164 ) $ ( 2,761 ) $ ( 854 ) $ ( 2,146 ) Cannabis - Canada 10,705 10,716 20,213 19,170 Cannabis - United States 2,629 3,558 5,324 6,796 Energy 78 ( 14 ) 78 ( 21 ) $ 9,248 $ 11,499 $ 24,761 $ 23,799

Loss Per Share

Loss Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Loss Per Share	11. LOSS PER SHARE Basic and diluted net loss per common share is calculated as follows: Three months ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to Village Farms International, Inc. shareholders $ ( 23,549 ) $ ( 1,380 ) $ ( 26,401 ) $ ( 8,016 ) Denominator: Weighted average number of common shares - basic 110,960 110,239 110,604 107,185 Effect of dilutive securities- share-based employee options and awards — — — — Weighted average number of common shares - diluted 110,960 110,239 110,604 107,185 Antidilutive options and awards 6,572 6,589 6,572 6,589 Net loss per ordinary share: Basic $ ( 0.21 ) $ ( 0.01 ) $ ( 0.24 ) $ ( 0.07 ) Diluted $ ( 0.21 ) $ ( 0.01 ) $ ( 0.24 ) $ ( 0.07 )

Shareholders' Equity and Share

Shareholders' Equity and Share Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Shareholders' Equity and Share Based Compensation	12. SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION Share-based compensation expense was $ 2,196 and $ 2,601 for the three and six months ended June 30, 2024, respectively, and $ 656 and $ 2,388 for the three and six months ended June 30, 2023, respectively. Stock option activity for the six months ended June 30, 2024 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2024 6,946,576 $ 3.50 7.54 $ 83 Granted 50,000 $ 0.83 9.80 $ 3 Forfeited/expired ( 424,167 ) $ 3.43 Outstanding at June 30, 2024 6,572,409 $ 3.49 7.38 $ 1,061 Exercisable at June 30, 2024 3,572,555 $ 5.44 6.22 $ 141 Restricted shares activity for the six months ended June 30, 2024 was as follows: Number of Weighted Average Grant Date Fair Value Outstanding at January 1, 2024 — $ - Granted 1,785,144 $ 1.20 Vested and Issued ( 1,479,024 ) $ 1.25 Outstanding at June 30, 2024 306,120 $ 0.98 Exercisable at June 30, 2024 — $ -

Changes in Non-Cash Working Cap

Changes in Non-Cash Working Capital Items	6 Months Ended
	Jun. 30, 2024
Disclosure Of Changes In Non Cash Working Capital Items [Abstract]
Changes in Non Cash Working Capital Items	13. CHANGES IN NON-CASH WORKING CAPITAL ITEMS Six Months Ended June 30, 2024 2023 Trade receivables $ ( 7,738 ) $ ( 447 ) Inventories 17,174 ( 880 ) Other receivables ( 123 ) ( 9,991 ) Prepaid expenses and deposits 2,306 ( 411 ) Trade payables ( 1,760 ) ( 2,487 ) Accrued liabilities ( 453 ) 6,017 Lease liabilities ( 1,372 ) ( 956 ) Other assets, net of other liabilities ( 1,712 ) 1,330 $ 6,322 $ ( 7,825 )

Business, Basis Of Presentati_2

Business, Basis Of Presentation And Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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) gain. Currency gains or losses resulting from transactions executed in currencies other than the functional currency are included in foreign exchange (loss) gain. 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, elevated 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)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consisted of the following as of: Classification June 30, 2024 December 31, 2023 Cannabis: Raw materials $ 761 $ 985 Work-in-progress 8,328 6,543 Finished goods 32,951 47,084 Packaging 7,903 7,641 Produce: Crop inventory 8,503 15,492 Purchased produce inventory 583 727 Inventory $ 59,029 $ 78,472

Property Plant And Equipment (T

Property Plant And Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following as of: Classification June 30, 2024 December 31, 2023 Land $ 14,289 $ 14,641 Leasehold and land improvements 5,506 5,525 Buildings 213,464 217,384 Machinery and equipment 90,987 86,674 Construction in progress 12,439 13,619 Less: Accumulated depreciation ( 138,252 ) ( 132,230 ) Property, plant and equipment, net $ 198,433 $ 205,613

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2024: Cannabis - Canada Cannabis - United States Total Balance as of January 1, 2024 $ 45,879 $ 10,039 $ 55,918 Impairments - ( 10,039 ) ( 10,039 ) Foreign currency translation adjustment ( 1,419 ) - ( 1,419 ) Balance as of June 30, 2024 $ 44,460 $ - $ 44,460
Schedule of Acquired Intangible Assets	Intangible assets consisted of the following as of: Classification June 30, 2024 December 31, 2023 Licenses $ 17,956 $ 18,540 Brand and trademarks* 12,686 12,795 Customer relationships 13,165 13,586 Computer software 2,026 1,974 Other* 144 144 Less: Accumulated amortization ( 8,858 ) ( 7,414 ) Less: Impairments ( 9,250 ) ( 7,350 ) Intangibles, net $ 27,869 $ 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 June 30, 2024 was as follows: Fiscal period Remainder of 2024 $ 1,639 2025 3,192 2026 3,104 2027 3,104 2028 1,861 Thereafter 11,389 Intangibles, net $ 24,289

Line of Credit and Long-term _2

Line of Credit and Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Carrying Values of Debt	The following table provides details for the carrying values of debt as of: June 30, 2024 December 31, 2023 Term Loan - ("FCC Loan") - repayable by monthly principal payments of $ 164 and accrued interest at a rate of 8.90 %; matures May 3, 2027 $ 21,804 $ 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 7,310 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 11,879 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 3,426 3,771 Total $ 44,419 $ 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 $ 2,857 2025 5,714 2026 16,679 2027 17,343 2028 457 Thereafter 1,369 Total $ 44,419

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Sales Produce $ 47,019 $ 43,846 $ 83,113 $ 78,413 Cannabis - Canada 40,745 28,065 78,191 53,177 Cannabis - United States 4,297 5,301 8,834 10,278 Energy 121 — 121 — $ 92,182 $ 77,212 $ 170,259 $ 141,868 Gross profit Produce $ ( 4,164 ) $ ( 2,761 ) $ ( 854 ) $ ( 2,146 ) Cannabis - Canada 10,705 10,716 20,213 19,170 Cannabis - United States 2,629 3,558 5,324 6,796 Energy 78 ( 14 ) 78 ( 21 ) $ 9,248 $ 11,499 $ 24,761 $ 23,799

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to Village Farms International, Inc. shareholders $ ( 23,549 ) $ ( 1,380 ) $ ( 26,401 ) $ ( 8,016 ) Denominator: Weighted average number of common shares - basic 110,960 110,239 110,604 107,185 Effect of dilutive securities- share-based employee options and awards — — — — Weighted average number of common shares - diluted 110,960 110,239 110,604 107,185 Antidilutive options and awards 6,572 6,589 6,572 6,589 Net loss per ordinary share: Basic $ ( 0.21 ) $ ( 0.01 ) $ ( 0.24 ) $ ( 0.07 ) Diluted $ ( 0.21 ) $ ( 0.01 ) $ ( 0.24 ) $ ( 0.07 )

Shareholders' Equity and Shar_2

Shareholders' Equity and Share Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity	Stock option activity for the six months ended June 30, 2024 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2024 6,946,576 $ 3.50 7.54 $ 83 Granted 50,000 $ 0.83 9.80 $ 3 Forfeited/expired ( 424,167 ) $ 3.43 Outstanding at June 30, 2024 6,572,409 $ 3.49 7.38 $ 1,061 Exercisable at June 30, 2024 3,572,555 $ 5.44 6.22 $ 141
Summary of Restricted Shares Unit	Restricted shares activity for the six months ended June 30, 2024 was as follows: Number of Weighted Average Grant Date Fair Value Outstanding at January 1, 2024 — $ - Granted 1,785,144 $ 1.20 Vested and Issued ( 1,479,024 ) $ 1.25 Outstanding at June 30, 2024 306,120 $ 0.98 Exercisable at June 30, 2024 — $ -

Changes in Non-Cash Working C_2

Changes in Non-Cash Working Capital Items (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure Of Changes In Non Cash Working Capital Items [Abstract]
Summary of Changes in Non Cash Working Capital Items	Six Months Ended June 30, 2024 2023 Trade receivables $ ( 7,738 ) $ ( 447 ) Inventories 17,174 ( 880 ) Other receivables ( 123 ) ( 9,991 ) Prepaid expenses and deposits 2,306 ( 411 ) Trade payables ( 1,760 ) ( 2,487 ) Accrued liabilities ( 453 ) 6,017 Lease liabilities ( 1,372 ) ( 956 ) Other assets, net of other liabilities ( 1,712 ) 1,330 $ 6,322 $ ( 7,825 )

Business, Basis Of Presentati_3

Business, Basis Of Presentation And Significant Accounting Policies - Additional Information (Detail)	Jun. 30, 2024
Rose LifeScience Inc. [Member]
Nature Of Operations [Line Items]
Equity ownership percentage	80%
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	Jun. 30, 2024	Dec. 31, 2023
Inventory [Line Items]
Inventories	$ 59,029	$ 78,472
Raw Materials [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	761	985
Work-In-Progress [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	8,328	6,543
Finished Goods [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	32,951	47,084
Packaging [Member] | Cannabis Business [Member]
Inventory [Line Items]
Inventories	7,903	7,641
Crop Inventory [Member] | Produce And Energy
Inventory [Line Items]
Inventories	8,503	15,492
Purchased Produce Inventory [Member] | Produce And Energy
Inventory [Line Items]
Inventories	$ 583	$ 727

Property Plant And Equipment -

Property Plant And Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Less: Accumulated depreciation	$ (138,252)	$ (132,230)
Property, plant and equipment, net	198,433	205,613
Land [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	14,289	14,641
Leaseholds and Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	5,506	5,525
Buildings [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	213,464	217,384
Machinery and Equipment [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	90,987	86,674
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 12,439	$ 13,619

Property Plant And Equipment _2

Property Plant And Equipment - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation on property, plant and equipment	$ 4,020	$ 2,953	$ 7,748	$ 6,157

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	May 29, 2024	Jun. 30, 2024	Jun. 30, 2024
Business Acquisition [Line Items]
Mezzanine equity acquisition of non-controlling interests		$ (5,209)	$ (5,209)
Mezzanine equity increase in additional paid in capital		2,193	2,193
Additional Paid-in Capital [Member]
Business Acquisition [Line Items]
Mezzanine equity increase in additional paid in capital		$ 2,193	$ 2,193
Rose Acquisition [Member]
Business Acquisition [Line Items]
Date of acquisition agreement	May 29, 2024
Percentage of additional voting interests acquired	10%
Additional percentage of voting interests acquired		80%	80%
Cash purchase price	$ 3,016
Mezzanine equity acquisition of non-controlling interests	(5,209)
Rose Acquisition [Member] | Additional Paid-in Capital [Member]
Business Acquisition [Line Items]
Mezzanine equity increase in additional paid in capital	$ 2,193

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Carrying Value of Goodwill by Reportable Segment (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Line Items]
Beginning Balance	$ 55,918
Impairments	(10,039)
Foreign currency translation adjustment	(1,419)
Ending Balance	44,460
Cannabis Business [Member] | Canada [Member]
Goodwill [Line Items]
Beginning Balance	45,879
Foreign currency translation adjustment	(1,419)
Ending Balance	44,460
Cannabis Business [Member] | United States [Member]
Goodwill [Line Items]
Beginning Balance	10,039
Impairments	$ (10,039)

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Less: Accumulated amortization	$ (8,858)	$ (7,414)
Less: Impairments	(9,250)	(7,350)
Intangibles, net	27,869	32,275
Licenses [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	17,956	18,540
Brand and Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	12,686	12,795
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	13,165	13,586
Computer Software [Member]
Finite Lived Intangible Assets [Line Items]
Intangibles, gross	2,026	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	Jun. 30, 2024 USD ($)
Fiscal period
Remainder of 2024	$ 1,639
2025	3,192
2026	3,104
2027	3,104
2028	1,861
Thereafter	11,389
Intangibles, net	$ 24,289

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Goodwill [Line Items]
Impairments	$ 10,039
Impairment charge to intangibles	9,250	$ 7,350
Good will	44,460	55,918
Intangible assets	(9,250)	$ (7,350)
Cannabis U.S. [Member]
Goodwill [Line Items]
Impairment charge to intangibles	1,900
Good will	10,039
Intangible assets	(1,900)
Cannabis U.S. [Member] | Brand [Member]
Goodwill [Line Items]
Recovered amount higher (lower) than carrying amount of brand	$ 1,900
Incremental royalty rate	3.50%
Impairment charge to intangibles	$ 1,900
Intangible assets	(1,900)
Cannabis U.S. [Member] | Goodwill [Member]
Goodwill [Line Items]
Recovered amount higher (lower) than carrying amount of goodwill	$ 10,039
Post-tax discount rate	12%
Increase in post-tax discount rate	1%
Recoverable amount average revenue growth rate	6%
Recoverable amount terminal growth rate	2%
Decrease in terminal growth rate	1%
Decrease future cash flow rate	10%
Cannabis U.S. [Member] | Goodwill [Member] | Maximum [Member]
Goodwill [Line Items]
Ending period of recoverable amount budgets approved by senior management	2028
Recoverable amount average revenue growth rate period	2028
Cannabis U.S. [Member] | Goodwill [Member] | Minimum [Member]
Goodwill [Line Items]
Starting period of recoverable amount budgets approved by senior management	2024
Recoverable amount average revenue growth rate period	2025

Line of Credit and Long-term _3

Line of Credit and Long-term Debt - Schedule of Debt (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Term Loan	$ 44,419	$ 48,058
Term Loan (FCC Loan) [Member]
Debt Instrument [Line Items]
Term Loan	21,804	22,788
Term Loan One [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Term Loan	7,310	8,298
Term Loan Two [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Term Loan	11,879	13,201
BDC Facility [Member] | Pure Sunfarms [Member]
Debt Instrument [Line Items]
Term Loan	$ 3,426	$ 3,771

Line of Credit and Long-term _4

Line of Credit and Long-term Debt - Schedule of Debt (Parenthetical) (Detail) - 6 months ended Jun. 30, 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	8.90%	8.90%
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	6 Months Ended	12 Months Ended
	Jun. 30, 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	$ 347	$ 390
Non-Revolving Variable Rate Term Loan 2021 [Member] | FCC Loan [Member]
Disclosure Of Borrowings [Line Items]
Securities pledged as collateral	80,400	117,293
Revolving Operating Loan [Member]
Disclosure Of Borrowings [Line Items]
Amounts drawn on facility	4,000	4,000
Securities pledged as collateral	23,359	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	Jun. 30, 2024 USD ($)
Debt Disclosure [Abstract]
Remainder of 2024	$ 2,857
2025	5,714
2026	16,679
2027	17,343
2028	457
Thereafter	1,369
Total	$ 44,419

Related Party Transactions An_2

Related Party Transactions And Balances - Additional Information (Detail) $ in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
	May 29, 2024 USD ($)	Jun. 30, 2024 CAD ($)	Jun. 30, 2023 CAD ($)	Jun. 30, 2024 CAD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CAD ($)	Jun. 30, 2023 USD ($)
Rose Acquisition
Related Party Transaction [Line Items]
Additional percentage of voting interests acquired		80%		80%	80%
Employees
Related Party Transaction [Line Items]
Salary and benefits to employee					$ 85		$ 61
Employees | Share Purchase Agreement | Rose Acquisition
Related Party Transaction [Line Items]
Additional percentage of voting interests acquired	10%
Business combination cash purchase price of acquisition	$ 3,016
Rose
Related Party Transaction [Line Items]
Salary and benefits to employee		$ 151	$ 47	$ 190		$ 92

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ (260)	$ (1,299)	$ (580)	$ (1,933)
Valuation allowance	45,571		45,571		$ 39,530
Total deferred tax assets	$ 4,201		$ 4,201

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Sales [Abstract]
Sales	$ 92,182	$ 77,212	$ 170,259	$ 141,868
Gross profit [Abstract]
Gross profit	9,248	11,499	24,761	23,799
Produce Business [Member]
Sales [Abstract]
Sales	47,019	43,846	83,113	78,413
Gross profit [Abstract]
Gross profit	(4,164)	(2,761)	(854)	(2,146)
Cannabis Canada Business [Member]
Sales [Abstract]
Sales	40,745	28,065	78,191	53,177
Gross profit [Abstract]
Gross profit	10,705	10,716	20,213	19,170
Cannabis United States Business [Member]
Sales [Abstract]
Sales	4,297	5,301	8,834	10,278
Gross profit [Abstract]
Gross profit	2,629	3,558	5,324	6,796
Energy Business [Member]
Sales [Abstract]
Sales	121		121
Gross profit [Abstract]
Gross profit	$ 78	$ (14)	$ 78	$ (21)

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss attributable to Village Farms International, Inc. shareholders	$ (23,549)	$ (1,380)	$ (26,401)	$ (8,016)
Denominator:
Weighted average number of common shares - basic	110,960	110,239	110,604	107,185
Weighted average number of common shares - diluted	110,960	110,239	110,604	107,185
Antidilutive options and awards	6,572	6,589	6,572	6,589
Net loss per ordinary share:
Basic	$ (0.21)	$ (0.01)	$ (0.24)	$ (0.07)
Diluted	$ (0.21)	$ (0.01)	$ (0.24)	$ (0.07)

Shareholders' Equity and Shar_3

Shareholders' Equity and Share Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 2,196	$ 656	$ 2,601	$ 2,388

Shareholders' Equity and Shar_4

Shareholders' Equity and Share Based Compensation - Summary of Stock Option Activity (Detail) - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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	3,572,555
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 4 months 17 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 2 months 19 days
Aggregate Intrinsic Value	$ 1,061	$ 83
Aggregate Intrinsic Value, Granted	3
Aggregate Intrinsic Value, Excercisable	$ 141

Shareholders' Equity and Shar_5

Shareholders' Equity and Share Based Compensation - Summary of Restricted Shares Unit (Detail) - Performance-Based Restricted Share Unit [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of Performance-based Restricted Share Units, Granted | shares	1,785,144
Number of Performance-based Restricted Share Units, Vested and Issued | shares	(1,479,024)
Number of Performance-based Restricted Share Units, Ending balance | shares	306,120
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 1.2
Weighted Average Grant Date Fair Value, Vested and Issued | $ / shares	1.25
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 0.98

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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Trade receivables	$ (7,738)	$ (447)
Inventories	17,174	(880)
Other receivables	(123)	(9,991)
Prepaid expenses and deposits	2,306	(411)
Trade payables	(1,760)	(2,487)
Accrued liabilities	(453)	6,017
Lease liabilities	(1,372)	(956)
Other assets, net of other liabilities	(1,712)	1,330
Total	$ 6,322	$ (7,825)