Village Farms International (VFF) 10-Q 14 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	May 14, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
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	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	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 Tax Identification Number	98-1007671
Entity Address, State or Province	DE
Document Transition Report	false
Entity Common Stock, Shares Outstanding		56,250,419

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 13,558	$ 11,989
Trade receivables	9,602	8,997
Inventories	15,546	15,918
Amounts due from joint ventures	10,238	15,418
Other receivables	201	342
Income tax receivable	231	713
Prepaid expenses and deposits	1,123	1,259
Total current assets	50,499	54,636
Non-current assets
Property, plant and equipment	61,687	63,158
Investment in joint ventures	55,607	41,334
Notes receivable - joint ventures	10,946	10,865
Deferred tax asset	8,377	7,999
Right-of-use assets	4,889	3,582
Other assets	1,593	1,834
Total assets	193,598	183,408
Current liabilities
Line of credit	4,000	2,000
Trade payables	9,019	12,653
Current maturities of long-term debt	3,391	3,423
Accrued liabilities	3,367	3,017
Operating lease liabilities - current	718	875
Finance lease liabilities - current	41	61
Total current liabilities	20,536	22,029
Non-current liabilities
Long-term debt	28,158	28,966
Deferred tax liability	1,150	1,873
Operating lease liabilities - non-current	4,238	2,690
Finance lease liabilities - non-current	39	34
Other liabilities	1,103	1,357
Total liabilities	55,224	56,949
Commitments and contingencies (note 15)
SHAREHOLDERS' EQUITY
Common stock, no par value per share - unlimited shares authorized; 56,250,419 shares issued and outstanding at March 31, 2020 and 52,656,669 shares issued and outstanding at December 31, 2019.	105,656	98,333
Additional paid in capital	4,880	4,351
Accumulated other comprehensive loss	(602)	(475)
Retained earnings	28,440	24,250
Total shareholders' equity	138,374	126,459
Total liabilities and shareholders' equity	$ 193,598	$ 183,408

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Financial Position (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Common stock par value	$ 0	$ 0
Common stock shares authorized	Unlimited	Unlimited
Common Stock, Shares, Issued	56,250,419	52,656,669
Common Stock, Shares, Outstanding	56,250,419	52,656,669

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Sales	$ 32,112	$ 31,890
Cost of sales	(31,347)	(31,215)
Gross margin	765	675
Selling, general and administrative expenses	(3,921)	(4,242)
Share-based compensation	(529)	(1,296)
Interest expense	(537)	(694)
Interest income	383	136
Foreign exchange (loss) gain	(926)	278
Gain on settlement agreement	4,681
Other income (expense)	39	(130)
(Loss) gain on disposal of assets	(6)	13,564
(Loss) income before taxes and earnings from unconsolidated entities	(51)	8,291
Benefit of (provision for) income taxes	1,012	(4,436)
Income from consolidated entities after income taxes	961	3,855
Equity earnings from unconsolidated entities	3,229	2,611
Net income	$ 4,190	$ 6,466
Basic income per share	$ 0.08	$ 0.14
Diluted income per share	$ 0.08	$ 0.13
Weighted average number of common shares used in the computation of net income per share (in thousands):
Basic	52,933	47,677
Diluted	54,175	49,506
Net income	$ 4,190	$ 6,466
Other comprehensive (loss) income:
Foreign currency translation adjustment	(127)	44
Comprehensive income	$ 4,063	$ 6,510

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Retained Earnings [Member]
Beggining Balance at Dec. 31, 2018	$ 84,433	$ 60,872	$ 2,198	$ (562)	$ 21,925
Beggining Balance (in shares) at Dec. 31, 2018		47,642,672
Shares issued on exercise of stock options	36	$ 54	(18)
Shares issued on exercise of stock options (in shares)		15,999
Issuance costs		$ (2)
Share-based compensation	1,296	$ 908	388
Share-based compensation (in shares)		153,332
Cumulative translation adjustment	44			44
Net income	6,466				6,466
Ending Balance at Mar. 31, 2019	92,273	$ 61,832	2,568	(518)	28,391
Ending Balance (in shares) at Mar. 31, 2019		47,812,003
Beggining Balance at Dec. 31, 2019	126,459	$ 98,333	4,351	(475)	24,250
Beggining Balance (in shares) at Dec. 31, 2019		52,656,669
Shares issued pursuant to public offering, net of issuance costs	7,323	$ 7,323
Shares issued pursuant to public offering, net of issuance costs (in shares)		3,593,750
Share-based compensation	529		529
Cumulative translation adjustment	(127)			(127)
Net income	4,190				4,190
Ending Balance at Mar. 31, 2020	$ 138,374	$ 105,656	$ 4,880	$ (602)	$ 28,440
Ending Balance (in shares) at Mar. 31, 2020		56,250,419

Condensed Consolidated Interi_5

Condensed Consolidated Interim Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows used in operating activities:
Net income	$ 4,190	$ 6,466
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,530	1,926
Amortization of deferred charges	19	19
Share of income from joint ventures	(3,229)	(2,611)
Interest expense	537	694
Interest income	(383)	(136)
Interest paid on long-term debt	(538)	(662)
Gain on settlement agreement	(4,681)
Loss (gain) on disposal of assets	6	(13,564)
Lease payments	(271)	(254)
Interest paid on finance leases	(1)	(3)
Share-based compensation	529	1,296
Deferred income taxes	(468)	4,823
Changes in non-cash working capital items	2,225	(3,540)
Net cash used in operating activities	(535)	(5,546)
Cash flows used in investing activities:
Purchases of property, plant and equipment, net of rebate	(259)	(167)
Advances to joint ventures		(2,251)
Proceeds from sale of asset		60
Investment in joint ventures	(6,063)	(7)
Net cash used in investing activities	(6,322)	(2,365)
Cash flows from financing activities:
Proceeds from borrowings	2,000	3,000
Repayments on borrowings	(875)	(837)
Proceeds from issuance of common stock	7,957
Issuance costs	(633)
Proceeds from exercise of stock options		34
Payments on capital lease obligations	(21)	(18)
Net cash provided by financing activities	8,428	2,179
Effect of exchange rate changes on cash and cash equivalents	(2)
Net increase (decrease) in cash and cash equivalents	1,569	(5,732)
Cash and cash equivalents, beginning of period	11,989	11,920
Cash and cash equivalents, end of period	$ 13,558	$ 6,188

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1 NATURE OF OPERATIONS Village Farms International, Inc. (“VFF” the parent company, together with its subsidiaries, the “Company”) is incorporated under the Canada Business Corporation Act. VFF’s principal operating subsidiaries as of March 31, 20 20 The Company’s shares are listed on the Toronto Stock Exchange under the symbol VFF and are also listed in the United States on the Nasdaq Capital Market (“Nasdaq”) under the symbol VFF. The Company 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. The Company, through its subsidiary VFCE, owns and operates a 7.0 MW power plant that generates electricity. The Company’s joint venture, Pure Sunfarms, is a licensed producer and supplier of cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. The Company’s joint ventures, VF Hemp and AVGG Hemp, are cultivators of high cannabidiol (“CBD”) hemp in multiple states throughout the United States. Coronavirus pandemic (“COVID-19”) In March 2020, the World Health Organization declared the outbreak of the COVID-19 shelter-in-place COVID-19. To date, all of the Company’s operations are operating normally, however, the extent to which COVID-19 COVID-19

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	2 BASIS OF PRESENTATION The accompanying unaudited Condensed Consolidated Financial Statements for the three months ended March 31, 2020 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q 10-01 S-X. may be impacted by the COVID-19 pandemic and accordingly are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. For further information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and 2018. Other than as described below, there were no changes to our significant accounting policies described in our annual financial statements that had a material impact on our financial statements and related notes.

New Accounting Pronouncements A

New Accounting Pronouncements Adopted	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements Adopted	3 NEW ACCOUNTING PRONOUNCEMENTS ADOPTED In August 2018, the FASB issued Accounting Standards Update (“ASU”) 2018-13, Fair Value Measurement (Topic 820)—Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement 2018-13 2018-13 In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses 2016-13

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	4 INVENTORIES Inventories, consisting of crop inventory, purchased produce inventory and spare parts inventory are valued at the lower of cost or net realizable value. Cost is determined using the weighted average cost method. Costs included in crop inventory include but are not limited to raw material packaging, direct labor, overhead, and the depreciation of growing equipment and facilities determined at normal capacity. These costs are expensed as cost of sales when the crops are sold. Inventories consisted of the following as of March 31, 2020 and December 31, 2019: Classification March 31, 2020 December 31, 2019 Crop inventory $ 14,672 $ 15,281 Purchased produce inventory 770 530 Spare parts inventory 104 107 Inventories $ 15,546 $ 15,918

Property Plant And Equipment

Property Plant And Equipment	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property Plant And Equipment	5 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is allocated between cost of sales and SG&A expenses depending on the type of asset and is determined using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the remaining life of the lease or useful life of the asset, whichever is shorter. Maintenance and repairs are charged to cost of sales when incurred. Significant expenditures, which extend the useful lives of assets, are capitalized. Land is not depreciated. The estimated useful lives of the class of assets for the current and comparative periods are as follows: Classification Estimated Useful Lives Leasehold and land improvements 5-20 Greenhouses and other buildings 4-30 Greenhouse equipment 3-30 Machinery and equipment 3-12 Construction in process reflects the cost of assets under construction, which are not depreciated until placed into service. Property, plant and equipment consisted of the following as of March 31, 2020 and December 31, 2019: Classification March 31, 2020 December 31, 2019 Land $ 3,204 $ 3,204 Leasehold and land improvements 3,820 3,820 Greenhouses and other buildings 72,853 72,772 Machinery and equipment 61,498 61,871 Construction in progress 1,745 1,697 Less: Accumulated depreciation (81,433 ) (80,206 ) Property, plant and equipment $ 61,687 $ 63,158

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	6 LEASES On August 7, 2019, the Company entered into an operating lease agreement for 8,341 square feet of office space located in Lake Mary, Florida. The lease commenced on January 1, 2020 and has a lease term of 88 months with an option to extend for five years. The base rent for the lease will be adjusted annually by multiplying the base rent by 1.025. The initial lease liability was calculated as the present value of the lease payments using an incremental borrowing rate of 4.98%. The right-of-use right-of-use . The components of lease related expenses are as follows: Three Months Ended Three Months Ended Operating lease expense (a) $ 608 $ 611 Finance lease expense: Amortization of right-of-use $ 21 $ 20 Interest on lease liabilities 1 3 Total finance lease expense $ 22 $ 23 (a) Includes short-term lease costs of $200 and $311 for the three months ended March 31, 2020 and 2019, respectively. Cash paid for amounts included in the measurement of lease liabilities: Three Months Ended Three Months Ended Operating cash flows from operating leases $ 271 $ 254 Operating cash flows from finance leases $ 1 $ 3 Financing cash flows from finance leases $ 21 $ 18 March 31, 20 20 Weighted average remaining lease term: Operating leases 3.9 Finance leases 1.6 Weighted average discount rate: Operating leases 5.87 % Finance leases 6.25 % Maturities of lease liabilities are as follows: Operating Finance Remainder of 2020 $ 987 $ 44 2021 1,355 30 2022 1,140 10 2023 920 — 2024 562 — Thereafter 800 — Undiscounted lease cash flow commitments 5,764 84 Reconciling impact from discounting (808 ) (4 ) Lease liabilities on consolidated statement of financial position as of March 31, 2020 $ 4,956 $ 80

Investment in Joint Ventures

Investment in Joint Ventures	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Ventures	7 INVESTMENT IN JOINT VENTURES Summarized Equity Earnings (Losses) from Unconsolidated Entities Equity earnings from Three months ended March 31, 2020 2019 Pure Sunfarms $ 3,531 $ 2,641 VF Hemp (302 ) (30 ) Total $ 3,229 $ 2,611 Pure Sunfarms Corp. On June 6, 2017, the Company entered into an agreement to form Pure Sunfarms, a B.C. corporation, with Emerald Health Therapeutics Inc. (“Emerald”). The purpose of Pure Sunfarms is to produce, market and distribute cannabis in Canada. The Company accounts for its investment in Pure Sunfarms, in accordance with Accounting Standards Codification (ASC) 323, Equity Method and Joint Ventures (“ASC 323”), using the equity method. The Company has determined that Pure Sunfarms is a variable interest entity (“VIE”), however the Company does not consolidate Pure Sunfarms because the Company is not the primary beneficiary. Although the Company is able to exercise significant influence over the operating and financial policies of Pure Sunfarms through its 58.7% majority ownership interest , t Company’s investment of $55,607 and $9,959. The Company is required to apply the hypothetical liquidation at book value (“HLBV”) method to determine its allocation of the profits and losses in Pure Sunfarms. When determining its allocation of profits and losses, the HLBV method only considers shares that have been fully paid for. Therefore, due to the monthly escrow payments made by Emerald in 2019 in accordance with the Delta 2 Option and Escrow Agreements, the ownership changed each month in 2019 as escrow payment(s) were made. Under the hypothetical liquidation method, the Company received 57.4% and 57.6% of Pure Sunfarms’ earnings for the three months ended March 31, 2020 and 2019, respectively. In 2020, all of the escrow payments were made so the allocation of profits and losses is based on shares outstanding at the end of each month. On March 31, 2019, Pure Sunfarms exercised its option to utilize the Delta 2 assets and operations. The contribution of the assets has been accounted for as a disposal of the land, greenhouse facility and other assets in exchange for 25,000,000 common shares of Pure Sunfarms. This was a non-cash On March 2, 2020, pursuant to the Settlement Agreement, Emerald transferred to the Company 2.5% of additional equity in Pure Sunfarms. The Company determined the fair value of the equity received from Emerald to be CA$6.5 million (US$4.7 million). The Company recorded this amount as a gain and it’s included as gain on nonmonetary exchange on the consolidated statement of income and comprehensive income for the three months ended March 31, 2020. As of March 31, 2020, and December 31, 2019, the total investment in Pure Sunfarms of $55.6 million and $41.3 million, respectively, was recorded in the consolidated statements of financial position. The Company’s share of the joint venture consists of the following: Balance, January 1, 2019 $ 6,341 Investments in joint venture 18,717 Share of net income for the year 16,276 Balance, December 31, 2019 $ 41,334 Balance, January 1, 2020 $ 41,334 Investments in joint venture 10,742 Share of net income for the period $ 3,531 Balance, March 31, 2020 $ 55,607 Summarized financial information of Pure Sunfarms (in USD): March 31, 2020 December 31, 2019 Current assets Cash and cash equivalents $ 608 $ 7,356 Trade receivables 12,809 8,687 Inventory 29,970 21,745 Other current assets 5,933 6,964 Non-current 105,921 108,652 Current liabilities Trade payables (12,288 ) (4,938 ) Borrowings due to joint ventures (10,311 ) (26,413 ) Income taxes payable (8,843 ) (8,489 ) Borrowings – current (1,341 ) (1,423 ) Other current liabilities (11,360 ) (5,021 ) Non-current Borrowings – long term (11,642 ) (13,089 ) Deferred tax liabilities (3,372 ) (2,473 ) Net assets $ 96,084 $ 91,558 March 31, 2020 December 31, 2019 Reconciliation of net assets: Accumulated retained earnings $ 32,844 $ 26,679 Contributions from joint venture partners 70,088 63,481 Currency translation adjustment (6,848 ) 1,398 Net assets $ 96,084 $ 91,558 Three Months Ended Three Months Ended 9 Revenue $ 13,137 $ 10,801 Cost of sales* (6,258 ) (3,818 ) Gross margin 6,879 6,983 Selling, general and administrative expenses (2,434 ) (999 ) Income from operations 4,445 5,984 Interest expense (217 ) (1 ) Foreign exchange ( loss ) (179 ) 39 Other income, net ** 4,332 10 Income before taxes 8,381 6,032 Provision for income taxes (2,216 ) (1,629 ) Net income $ 6,165 $ 4,403 * Included in cost of sales for the three months ended March 31, 2020 and 2019 is $449 and $458, respectively, of depreciation expense. ** Includes gain recognized on settlement of net liabilities of $4,348 ( CA Village Fields Hemp USA LLC On February 27, 2019, the Company entered into a joint venture with Nature Crisp, LLC (“Nature Crisp”) to form VF Hemp for the objective of outdoor cultivation of high percentage cannabidiol (“CBD”) hemp and CBD extraction in multiple states throughout the United States. VF Hemp is 65% owned by the Company and 35% owned by Nature Crisp. Under the terms of the VF Hemp Joint Venture Agreement, the Company will lend up to approximately US$15 million to VF Hemp for start-up The Company accounts for its investment in VF Hemp, in accordance with ASC 323, using the equity method because the Company is able to exercise significant influence over the operating and financial policies of VF Hemp through its 65% ownership interest and joint power arrangement with Nature Crisp. The Company’s maximum exposure to loss as a result of its involvement with VF Hemp is directly related to the recovery of the $10,946 loan outstanding to VF Hemp. The Company’s share of the joint venture consists of the following: Balance, beginning of the period $ — Investments in joint venture 7 Share of net loss (2,464 ) Losses applied against joint venture note receivable 2,457 Balance, December 31, 2019 $ — Balance, beginning of the period $ — Investments in joint venture — Share of net loss (302 ) Losses applied against joint venture note receivable 302 Balance, March 31, 2020 $ — Summarized financial information of VF Hemp: March 31, 2020 December 31, 2019 Current assets Inventory $ 9,268 $ 9,308 Other current assets 163 546 Non-current 1,406 1,476 Current liabilities (1,386 ) (1,788 ) Non-current (13,697 ) (13,323 ) Net assets $ (4,246 ) $ (3,781 ) Reconciliation of net assets: March 31, 2020 December 31, 2019 Beginning retained earnings $ (3,791 ) $ (3,791 ) Net loss for the three months ended March 31, 2020 (465 ) — Contributions from joint venture partners 10 10 Net assets $ (4,246 ) $ (3,781 )

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	8 DEBT At March 31, 2020 the Company had a Term Loan financing agreement with a Canadian creditor (“FCC Loan”). The non-revolving variable rate term loan had a maturity date of May 1, 2021 and a balance of $30,428 as of March 31, 2020. The outstanding balance was repayable by way of monthly installments of principal and interest , . Effective May 1, 2020, the Company renewed its FFC Loan extending it for a term of five years, with an amortization period of 9 years and 9 months and a variable interest rate based on Canadian Imperial Bank of Commerce LIBOR (note 16). The Company’s subsidiary VFCE has a loan agreement with a Canadian Chartered Bank that includes a non-revolving non-revolving The weighted average interest rate on short-term borrowings as of March 31, 2020 and December 31, 2019 was 6.1% and 6.2%, respectively. The Company has a line of credit agreement with a Canadian Chartered Bank (“Operating Loan”). The revolving Operating Loan has a line of credit up to CA$13,000, less outstanding letters of credit totaling US$150 and CA$38, and variable interest rates with a maturity date on May 31, 2021. The Operating Loan is subject to margin requirements stipulated by the bank. As of March 31, 2020 and December 31, 2019, the amount drawn on this facility was US$4,000 and US$2,000, respectively. The Company’s borrowings (“Credit Facilities”) are subject to certain positive and negative covenants, including debt ratios, and the Company is required to maintain certain minimum working capital. In December 2019, the Company received a waiver for its annual debt service coverage and debt to EBITDA covenants under its Term Loan. As of March 31, 2020 the Company was in compliance with all of its other Credit Facility covenants under its Credit Facilities. Accrued interest payable on the credit facilities and loans as of March 31, 2020 and December 31, 2019 was $161 and $162, respectively, and these amounts are included in accrued liabilities in the interim statements of financial position. As collateral for the FCC Loan, the Company has provided promissory notes, a first mortgage on the VFF-owned As collateral for the Operating Loan, the Company has provided promissory notes and a first priority security interest over its accounts receivable and inventory. In addition, the Company has granted full recourse guarantees and security therein. The carrying value of the assets pledged as collateral as of March 31, 2020 and December 31, 2019 was $25,148 and $24,915, respectively. The aggregate annual maturities of long-term debt for the next five years and thereafter are as follows: Remainder of 2020 $ 2,761 2021 30,362 2022 361 2023 166 2024 — Thereafter — $ 33,650

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2020
Investments, All Other Investments [Abstract]
Financial Instruments	9 FINANCIAL INSTRUMENTS The Company records accounts receivable, accounts payable, accrued liabilities and debt at amortized cost. The carrying values of these instruments approximate their fair value due to their short-term maturities.

Related Party Transactions And

Related Party Transactions And Balances	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transaction And Balances	10 RELATED PARTY TRANSACTIONS AND BALANCES On July 5, 2018, the Company entered into a Shareholder Loan Agreement (the “Loan Agreement”) with Pure Sunfarms, whereby, as of March 31, 2020, the Company had contributed $9,959 (CA$13,000) in the form of a demand loan to Pure Sunfarms. As of March 31, 2020, the loan amount bears simple interest at the rate of 5.2% per annum, calculated semi-annually. Interest will accrue and be payable upon demand. The balance of the loan, including interest, was $10,039 as of March 31, 2020. On February 13, 2019, the Company announced that Pure Sunfarms had entered into a credit agreement with Bank of Montreal, as agent and lead lender, and Farm Credit Canada, as lender, in respect of a CA$20 million secured non-revolver As of March 31, 2020, the Company had $199 due from its joint venture, Pure Sunfarms, primarily for consulting services and the reimbursement of expenses which occurred in the quarter. As of December 31, 2019, the Company had $4,610 due from Pure Sunfarms, primarily relating to an equity contribution of CA$5,940 (US$4,494) to Pure Sunfarms made by the Company, on November 19, 2019 when Emerald failed to make a required escrow equity payment to Pure Sunfarms on November 1, 2019. Emerald disputed the Company’s additional November equity contribution, as well as the cancellation of 5.94 million common shares of Pure Sunfarms that related to the failure to pay the CA$5,940 equity contribution. In an effort to narrow the issues in dispute and accelerate the resolution of this shareholder dispute, which occurred on March 2, 2020 with the Settlement Agreement, Village Farms unwound its November equity contribution in January with Pure Sunfarms providing Village Farms with a CA$5,940 refund. On March 25, 2019, the Company entered into a Grid Loan Agreement (the “Grid Loan”) with VF Hemp. The Grid Loan has a maturity date of March 25, 2022, and bears simple interest at the rate of 8% per annum, calculated monthly. As of March 31, 2020 and December 31, 2019 the Grid Loan balance was $10,946 and $10,865, respectively. One of the Company’s employees is related to a member of the Company’s executive management team and received approximately $28 in salary and benefits during the three months ended March 31, 2020 and 2019, respectively. Summary of amounts due from the joint ventures, including interest and included in the interim statements of financial position: March 31, 20 20 December 31, 201 9 Pure Sunfarms $ 10,238 $ 15,418 VF Hemp 10,946 10,865 Total $ 21,184 $ 26,283

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Tax	11 INCOME TAXES A provision for income taxes is recognized based on management’s best estimate of the weighted average annual income tax rate expected for the full financial year. The estimated average annual rate used for the three months ended March 31, 2020 was 24%, and 16% for the three months ended March 31, 2019. The recovery for income taxes was $1,012 for the three months ended March 31, 2020 compared to provision for income taxes of ($4,436) for the three months ended March 31, 2019. The income tax provision for March 31, 2019 includes deferred tax liabilities arising from the contribution of the Delta 2 assets to Pure Sunfarms.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment and Geographic Information	12 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. Management has determined that the Company operates in three segments. The Company’s three segments include the Produce business, the Energy business and the Company’s cannabis and hemp segment. The Produce business produces, markets, and sells the product group which consists of premium quality tomatoes, bell peppers and cucumbers. The Energy business produces power that it sells per a long-term contract to its one customer. For segment information regarding the Company’s cannabis and hemp segment refer to Note 7 The Company’s primary operations are in the United States and Canada. Segment information for the three months ended March 31, 2020 and 2019: March 31, 2020 March 31, 2019 Sales Produce – U.S. $ 29,315 $ 28,199 Produce – Canada 2,647 3,379 Energy – Canada 150 312 $ 32,112 $ 31,890 Interest expense Produce – U.S. $ 7 $ 33 Produce – Canada 515 643 Energy – Canada 15 18 $ 537 $ 694 Interest income Corporate $ 383 $ 136 $ 383 $ 136 Depreciation Produce – U.S. $ 1,046 $ 1,020 Produce – Canada 301 419 Energy – Canada 183 228 $ 1,530 $ 1,667 Gross margin Produce – U.S. $ 1,317 $ 705 Produce – Canada (374 ) 60 Energy – Canada (178 ) (90 ) $ 765 $ 675 March 31, 2020 December 31, 2019 Total assets United States $ 88,275 $ 88,395 Canada 102,781 92,067 Energy – Canada 2,542 2,946 $ 193,598 $ 183,408 March 31, 2020 December 31, 2019 Property, plant and equipment, net United States $ 40,373 $ 41,656 Canada 18,966 18,759 Energy – Canada 2,348 2,743 $ 61,687 $ 63,158

Income Per Share

Income Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Income Per Share	13 INCOME PER SHARE Basic and diluted net income per ordinary share is calculated as follows: For the three months ended March 31, 2020 2019 Numerator: Net income $ 4,190 $ 6,466 Denominator: Weighted average number of common shares—basic 52,933 47,677 Effect of dilutive securities- share-based employee options and awards 1,242 1,829 Weighted average number of common shares—diluted 54,175 49,506 Antidilutive options and awards 510 — Net income per ordinary share: Basic $ 0.08 $ 0.14 Diluted $ 0.08 $ 0.13

Share Based Compensation Plan

Share Based Compensation Plan	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share Based Compensation Plan	14 SHARE-BASED COMPENSATION PLAN Share-based $529 Stock option activity for the three months ended March 31, 2020 is as follows: Number of Weighted Weighted Aggregate Outstanding at December 31, 2019 2,452,666 CA$ 5.12 5.60 $ 11,435 Granted — — — $ — Exercised — — — $ — Forfeited (25,000 ) CA$ 2.67 — $ — Outstanding at March 31, 2020 2,427,666 CA$ 5.15 5.34 $ 4,215 Exercisable at March 31, 2020 1,890,670 CA$ 3.29 4.45 $ 4,132 Performance-based shares activity for the three months ended March 31, 2020 was as follows: Number of Performance-based Weighted Average Outstanding at December 31, 2019 739,000 CA$ 6.58 Granted 10,000 CA$ 7.16 Received — — Forfeited/expired (54,000 ) CA$ 8.09 Outstanding at March 31, 2020 695,000 CA$ 7.16 Exercisable at March 31, 2020 40,000 CA$ 11.44

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	15 COMMITMENT S In the normal course of business, the Company and its subsidiaries may become defendants in certain employment claims and other litigation. The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable. The Company is not involved in any legal proceedings other than routine litigation arising in the normal course of business, none of which the Company believes will have a material adverse effect on the Company’s business, financial condition or results of operations.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	16 SUBSEQUENT EVENT S In April 2020, Pure Sunfarms expanded its credit facility with its existing lender to CA$59.0 million, including accordion provisions of CA$22.5 million. As a pre-condition Effective May 1, 2020 , April 1, 2025 .

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consisted of the following as of March 31, 2020 and December 31, 2019: Classification March 31, 2020 December 31, 2019 Crop inventory $ 14,672 $ 15,281 Purchased produce inventory 770 530 Spare parts inventory 104 107 Inventories $ 15,546 $ 15,918

Property Plant And Equipment (T

Property Plant And Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of Tangible Assets Useful Life	The estimated useful lives of the class of assets for the current and comparative periods are as follows: Classification Estimated Useful Lives Leasehold and land improvements 5-20 Greenhouses and other buildings 4-30 Greenhouse equipment 3-30 Machinery and equipment 3-12
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following as of March 31, 2020 and December 31, 2019: Classification March 31, 2020 December 31, 2019 Land $ 3,204 $ 3,204 Leasehold and land improvements 3,820 3,820 Greenhouses and other buildings 72,853 72,772 Machinery and equipment 61,498 61,871 Construction in progress 1,745 1,697 Less: Accumulated depreciation (81,433 ) (80,206 ) Property, plant and equipment $ 61,687 $ 63,158

Leases (Table)

Leases (Table)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Summary of lease related expenses	The components of lease related expenses are as follows: Three Months Ended Three Months Ended Operating lease expense (a) $ 608 $ 611 Finance lease expense: Amortization of right-of-use $ 21 $ 20 Interest on lease liabilities 1 3 Total finance lease expense $ 22 $ 23 (a) Includes short-term lease costs of $200 and $311 for the three months ended March 31, 2020 and 2019, respectively.
Schedule includes other information about leases	Cash paid for amounts included in the measurement of lease liabilities: Three Months Ended Three Months Ended Operating cash flows from operating leases $ 271 $ 254 Operating cash flows from finance leases $ 1 $ 3 Financing cash flows from finance leases $ 21 $ 18
Summary of maturities of lease maturities	March 31, 20 20 Weighted average remaining lease term: Operating leases 3.9 Finance leases 1.6 Weighted average discount rate: Operating leases 5.87 % Finance leases 6.25 %
Summary of unadjusted lease commitments	Maturities of lease liabilities are as follows: Operating Finance Remainder of 2020 $ 987 $ 44 2021 1,355 30 2022 1,140 10 2023 920 — 2024 562 — Thereafter 800 — Undiscounted lease cash flow commitments 5,764 84 Reconciling impact from discounting (808 ) (4 ) Lease liabilities on consolidated statement of financial position as of March 31, 2020 $ 4,956 $ 80

Investment in Joint Ventures (T

Investment in Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2020
Schedule of equity method investments [Line Items]
Summary of earnings (losses) from unconsolidated entities	Summarized Equity Earnings (Losses) from Unconsolidated Entities Equity earnings from Three months ended March 31, 2020 2019 Pure Sunfarms $ 3,531 $ 2,641 VF Hemp (302 ) (30 ) Total $ 3,229 $ 2,611
Summary of company share of the joint venture	The Company’s share of the joint venture consists of the following: Balance, January 1, 2019 $ 6,341 Investments in joint venture 18,717 Share of net income for the year 16,276 Balance, December 31, 2019 $ 41,334 Balance, January 1, 2020 $ 41,334 Investments in joint venture 10,742 Share of net income for the period $ 3,531 Balance, March 31, 2020 $ 55,607
Summary of summarized financial information	Summarized financial information of Pure Sunfarms (in USD): March 31, 2020 December 31, 2019 Current assets Cash and cash equivalents $ 608 $ 7,356 Trade receivables 12,809 8,687 Inventory 29,970 21,745 Other current assets 5,933 6,964 Non-current 105,921 108,652 Current liabilities Trade payables (12,288 ) (4,938 ) Borrowings due to joint ventures (10,311 ) (26,413 ) Income taxes payable (8,843 ) (8,489 ) Borrowings – current (1,341 ) (1,423 ) Other current liabilities (11,360 ) (5,021 ) Non-current Borrowings – long term (11,642 ) (13,089 ) Deferred tax liabilities (3,372 ) (2,473 ) Net assets $ 96,084 $ 91,558 March 31, 2020 December 31, 2019 Reconciliation of net assets: Accumulated retained earnings $ 32,844 $ 26,679 Contributions from joint venture partners 70,088 63,481 Currency translation adjustment (6,848 ) 1,398 Net assets $ 96,084 $ 91,558 Three Months Ended Three Months Ended 9 Revenue $ 13,137 $ 10,801 Cost of sales* (6,258 ) (3,818 ) Gross margin 6,879 6,983 Selling, general and administrative expenses (2,434 ) (999 ) Income from operations 4,445 5,984 Interest expense (217 ) (1 ) Foreign exchange ( loss ) (179 ) 39 Other income, net ** 4,332 10 Income before taxes 8,381 6,032 Provision for income taxes (2,216 ) (1,629 ) Net income $ 6,165 $ 4,403 * Included in cost of sales for the three months ended March 31, 2020 and 2019 is $449 and $458, respectively, of depreciation expense. ** Includes gain recognized on settlement of net liabilities of $4,348 ( CA
Village Fields Hemp USA LLC [Member]
Schedule of equity method investments [Line Items]
Summary of company share of the joint venture	The Company’s share of the joint venture consists of the following: Balance, beginning of the period $ — Investments in joint venture 7 Share of net loss (2,464 ) Losses applied against joint venture note receivable 2,457 Balance, December 31, 2019 $ — Balance, beginning of the period $ — Investments in joint venture — Share of net loss (302 ) Losses applied against joint venture note receivable 302 Balance, March 31, 2020 $ —
Summary of summarized financial information	Summarized financial information of VF Hemp: March 31, 2020 December 31, 2019 Current assets Inventory $ 9,268 $ 9,308 Other current assets 163 546 Non-current 1,406 1,476 Current liabilities (1,386 ) (1,788 ) Non-current (13,697 ) (13,323 ) Net assets $ (4,246 ) $ (3,781 ) Reconciliation of net assets: March 31, 2020 December 31, 2019 Beginning retained earnings $ (3,791 ) $ (3,791 ) Net loss for the three months ended March 31, 2020 (465 ) — Contributions from joint venture partners 10 10 Net assets $ (4,246 ) $ (3,781 )

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of maturities of long term debt	The aggregate annual maturities of long-term debt for the next five years and thereafter are as follows: Remainder of 2020 $ 2,761 2021 30,362 2022 361 2023 166 2024 — Thereafter — $ 33,650

Related Party Transaction And B

Related Party Transaction And Balances (Tables)	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Summary of Related Party Transactions [Table Text Block]	Summary of amounts due from the joint ventures, including interest and included in the interim statements of financial position: March 31, 20 20 December 31, 201 9 Pure Sunfarms $ 10,238 $ 15,418 VF Hemp 10,946 10,865 Total $ 21,184 $ 26,283

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Summary of net sales by the countries and property, plant and equipment, net of accumulated depreciation	The Company’s primary operations are in the United States and Canada. Segment information for the three months ended March 31, 2020 and 2019: March 31, 2020 March 31, 2019 Sales Produce – U.S. $ 29,315 $ 28,199 Produce – Canada 2,647 3,379 Energy – Canada 150 312 $ 32,112 $ 31,890 Interest expense Produce – U.S. $ 7 $ 33 Produce – Canada 515 643 Energy – Canada 15 18 $ 537 $ 694 Interest income Corporate $ 383 $ 136 $ 383 $ 136 Depreciation Produce – U.S. $ 1,046 $ 1,020 Produce – Canada 301 419 Energy – Canada 183 228 $ 1,530 $ 1,667 Gross margin Produce – U.S. $ 1,317 $ 705 Produce – Canada (374 ) 60 Energy – Canada (178 ) (90 ) $ 765 $ 675 March 31, 2020 December 31, 2019 Total assets United States $ 88,275 $ 88,395 Canada 102,781 92,067 Energy – Canada 2,542 2,946 $ 193,598 $ 183,408 March 31, 2020 December 31, 2019 Property, plant and equipment, net United States $ 40,373 $ 41,656 Canada 18,966 18,759 Energy – Canada 2,348 2,743 $ 61,687 $ 63,158

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Income per share [Abstract]
Summary of basic and diluted net income per ordinary share	Basic and diluted net income per ordinary share is calculated as follows: For the three months ended March 31, 2020 2019 Numerator: Net income $ 4,190 $ 6,466 Denominator: Weighted average number of common shares—basic 52,933 47,677 Effect of dilutive securities- share-based employee options and awards 1,242 1,829 Weighted average number of common shares—diluted 54,175 49,506 Antidilutive options and awards 510 — Net income per ordinary share: Basic $ 0.08 $ 0.14 Diluted $ 0.08 $ 0.13

Share Based Compensation Plan (

Share Based Compensation Plan (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Summary of fair value of stock option valuation assumptions	Stock option activity for the three months ended March 31, 2020 is as follows: Number of Weighted Weighted Aggregate Outstanding at December 31, 2019 2,452,666 CA$ 5.12 5.60 $ 11,435 Granted — — — $ — Exercised — — — $ — Forfeited (25,000 ) CA$ 2.67 — $ — Outstanding at March 31, 2020 2,427,666 CA$ 5.15 5.34 $ 4,215 Exercisable at March 31, 2020 1,890,670 CA$ 3.29 4.45 $ 4,132
Summary of non-vested performance-based restricted share units	Performance-based shares activity for the three months ended March 31, 2020 was as follows: Number of Performance-based Weighted Average Outstanding at December 31, 2019 739,000 CA$ 6.58 Granted 10,000 CA$ 7.16 Received — — Forfeited/expired (54,000 ) CA$ 8.09 Outstanding at March 31, 2020 695,000 CA$ 7.16 Exercisable at March 31, 2020 40,000 CA$ 11.44

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020MW
Village Fields Hemp USA LLC VF Hemp [Member]
Nature Of Operations [Line Items]
Equity ownership percentage	65.00%
Pure Sunfarms Corp Pure Sunfarms Member [Member]
Nature Of Operations [Line Items]
Equity ownership percentage	58.70%
VF Clean Energy Inc [Member] | Power Plant [Member]
Nature Of Operations [Line Items]
Generation of Electricity	7

Inventories - Summary of Invent

Inventories - Summary of Inventory Current (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Inventory	$ 15,546	$ 15,918
Crop Inventory [Member]
Inventory, Net [Abstract]
Inventory	14,672	15,281
Purchased Produce [Member]
Inventory, Net [Abstract]
Inventory	770	530
Spare Parts Inventory [Member]
Inventory, Net [Abstract]
Inventory	$ 104	$ 107

Property Plant And Equipment -

Property Plant And Equipment - Summary of Estimated Useful Lives of Property Plant and Equipment (Detail)	3 Months Ended
	Mar. 31, 2020
Leaseholds and Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Leaseholds and Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	20 years
Greenhouses And Other Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	4 years
Greenhouses And Other Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	30 years
Greenhouse Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Greenhouse Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	30 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	12 years

Property Plant And Equipment _2

Property Plant And Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ (81,433)	$ (80,206)
Property, plant and equipment, net	61,687	63,158
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	3,204	3,204
Leaseholds and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	3,820	3,820
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	72,853	72,772
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	61,498	61,871
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,745	$ 1,697

Leases - Additional Information

Leases - Additional Information (Detail)	Aug. 07, 2019ft²Rent	Mar. 31, 2020
Leases [Line Items]
Operating Lease Weighted Average Discount Rate		5.87%
Lake Mary Florida [Member]
Leases [Line Items]
Area of land | ft²	8,341
Operating Lease Commencement Date	Jan. 1, 2020
Operating Lease Term Of Contract	88 months
Operating Lease Option to Extend Description	option to extend for five years
Operating Lease Renewal Term	5 years
Base Rent, Annual Multiplying factor | Rent	1.025
Operating Lease Weighted Average Discount Rate	4.98%

Leases - Summary Of Lease Relat

Leases - Summary Of Lease Related Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Operating lease expense	$ 608	$ 611
Amortization of right-of-use assets	21	20
Interest on lease liabilities	1	3
Total finance lease expense	$ 22	$ 23

Leases - Summary Of Lease Rel_2

Leases - Summary Of Lease Related Expenses (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Short-term lease costs	$ 200	$ 311

Leases - Schedule Includes Othe

Leases - Schedule Includes Other Information About Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 271	$ 254
Operating cash flows from finance leases	1	3
Financing cash flows from finance leases	$ 21	$ 18
Weighted Average Remaining Lease Term [Abstract]
Operating leases	3 years 10 months 24 days
Finance leases	1 year 7 months 6 days
Weighted Average Discount Rate [Abstract]
Operating leases	5.87%
Finance leases	6.25%

Leases - Summary of maturities

Leases - Summary of maturities of lease matirities (Detail) $ in Thousands	Mar. 31, 2020USD ($)
Operating Leases [Member]
Remainder of 2020	$ 987
2021	1,355
2022	1,140
2023	920
2024	562
Thereafter	800
Undiscounted lease cash flow commitments	5,764
Reconciling impact from discounting	(808)
Lease liabilities on consolidated statement of financial position as of March 31, 2020	4,956
Finance Leases [Member]
Remainder of 2020	44
2021	30
2022	10
2023	0
2024	0
Thereafter	0
Undiscounted lease cash flow commitments	84
Reconciling impact from discounting	(4)
Lease liabilities on consolidated statement of financial position as of March 31, 2020	$ 80

Investment in Joint Ventures -

Investment in Joint Ventures - Additional Information (Detail) $ in Thousands, $ in Thousands	Feb. 27, 2019USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2020CAD ($)	Mar. 31, 2019USD ($)shares	Mar. 02, 2020USD ($)	Mar. 02, 2020CAD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019CAD ($)	Dec. 31, 2018USD ($)	Jun. 06, 2017
Investment in joint ventures		$ 55,607					$ 41,334
Receivable from Joint Venture		10,946					10,865
Pure Sunfarms [Member]
Equity ownership percentage										58.70%
Shares acquired accounted under equity method | shares				25,000,000
Fair value of assets of disposal groups				$ 18,700				$ 25,000
Gain on disposal of assets				13,600
Investment in joint ventures		55,607					$ 41,334		$ 6,341
Additional equity transferred percent					2.50%	2.50%
Depreciation Expense		449		$ 458
Loans receivable, related parties		9,959
Gain recognized on settlement of net liabilities		$ 4,348	$ 6,044
Additional Equity Interest Received Fair value					$ 4,700	$ 6,500
Village Fields Hemp USA LLC [Member]
Note receivable to joint ventures	$ 15,000
VF Hemp [Member]
Receivable from Joint Venture	$ 10,946
VF Hemp [Member] | Village Farms International [Member]
Equity ownership percentage	65.00%
VF Hemp [Member] | Nature Crisp [Member]
Equity ownership percentage	35.00%
Delta Two Options Agreements [Member]
Temporary Equity Interest In Subsidiary Earnings		57.40%	57.40%	57.60%

Investment in Joint Ventures _2

Investment in Joint Ventures - Summary of Earnings (losses) from Unconsolidated Entities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings (losses) from unconsolidated entities	$ 3,229	$ 2,611
Pure Sunfarms [Member]
Earnings (losses) from unconsolidated entities	3,531	2,641
Village Fields Hemp USA LLC [Member]
Earnings (losses) from unconsolidated entities	$ (302)	$ (30)

Investment in Joint Ventures _3

Investment in Joint Ventures - Summary of company share of the joint venture (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Beginning Balance	$ 41,334
Ending Balance	55,607	$ 41,334
Pure Sunfarms [Member]
Beginning Balance	41,334	6,341
Investments in joint venture	10,742	18,717
Share of net income (loss)	3,531	16,276
Ending Balance	55,607	41,334
Village Fields Hemp USA LLC [Member]
Investments in joint venture		7
Share of net income (loss)	(302)	(2,464)
Losses applied against joint venture note receivable	$ 302	$ 2,457

Investment in Joint Ventures _4

Investment in Joint Ventures - Summary of summarized financial information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Village Fields Hemp USA LLC [Member]
Current assets
Inventory	$ 9,268		$ 9,308
Other current assets	163		546
Non-current assets	1,406		1,476
Current liabilities
Current liabilities	(1,386)		(1,788)
Non-current liabilities	(13,697)		(13,323)
Net assets	(4,246)		(3,781)
Reconciliation of net assets:
Accumulated retained earnings	(3,791)		(3,791)
Contributions from joint venture partners	10		10
Currency translation adjustment	(4,206)
Net assets	(4,246)		(3,781)
Net income	(465)
Pure Sunfarms [Member]
Current assets
Cash and cash equivalents	608		7,356
Trade receivables	12,809		8,687
Inventory	29,970		21,745
Other current assets	5,933		6,964
Non-current assets	105,921		108,652
Current liabilities
Borrowings due to joint ventures	(10,311)		(26,413)
Trade payables	(12,288)		(4,938)
Other current liabilities	(11,360)		(5,021)
Income taxes payable	(8,843)		(8,489)
Borrowings - current	(1,341)		(1,423)
Borrowings – long term	(11,642)		(13,089)
Deferred tax liability	(3,372)		(2,473)
Net assets	96,084		91,558
Reconciliation of net assets:
Accumulated retained earnings	32,844		26,679
Contributions from joint venture partners	70,088		63,481
Currency translation adjustment	(6,848)		1,398
Net assets	96,084		$ 91,558
Revenue	13,137	$ 10,801
Cost of sales	(6,258)	(3,818)
Gross margin	6,879	6,983
Selling, general and administrative expenses	(2,434)	(999)
Income from operations	4,445	5,984
Interest expense	(217)	(1)
Foreign exchange (loss) gain	(179)	39
Other income, net	4,332	10
Income before taxes	8,381	6,032
Provision for income taxes	(2,216)	(1,629)
Net income	$ 6,165	$ 4,403

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands, $ in Thousands	May 01, 2020	Oct. 31, 2017CAD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2020CAD ($)
Disclosure Of Borrowings [Line Items]
Long term debt outstanding			$ 33,650
Debt payment terms			Each advance is to be repaid on a five-year, straight-line amortization of principal, repaid in monthly installments of principal plus interest at an interest rate of CA$ prime rate plus 200 basis points
Line of credit outstanding			$ 88	$ 106
Amounts drawn on facility		$ 250
Weighted average interest rate			6.10%	6.20%	6.10%
Prime Rate [Member]
Disclosure Of Borrowings [Line Items]
Basis on variable rate			CA$ prime rate plus 200 basis points
Accounts Payable And Accrued Liabilities [Member]
Disclosure Of Borrowings [Line Items]
Accrued interest payable			$ 161	$ 162
Revolving Operating Loan [Member]
Disclosure Of Borrowings [Line Items]
Maximum borrowing capacity					$ 13,000
Line of credit outstanding			150	38
Amounts drawn on facility			4,000	2,000
Securities pledged as collateral			25,148	$ 24,915
Non-Revolving Variable Rate Term Loan 2021 [Member] | FCC Loan [Member]
Disclosure Of Borrowings [Line Items]
Long term debt outstanding			$ 30,428
Debt payment terms			The outstanding balance was repayable by way of monthly installments of principal and interest
Debt term	5 years
Debt interest rate			6.241%	6.391%	6.241%
Securities pledged as collateral			$ 165,442	$ 155,548
Debt Instrument Amortization Period	9 years and 9 months
Non-Revolving Fixed Rate Loan 2023 [Member]
Disclosure Of Borrowings [Line Items]
Debt interest rate			4.98%		4.98%
Maximum borrowing capacity					$ 3,000
Line of credit outstanding			$ 915	$ 1,066
Uncommitted Non-Revolving Credit Facility 2023 [Member]
Disclosure Of Borrowings [Line Items]
Maximum borrowing capacity					700
Uncommitted Non-Revolving Credit Facility 2023 [Member] | Letters Of Guarantee [Member]
Disclosure Of Borrowings [Line Items]
Debt term			365 days
Maximum borrowing capacity					$ 300

Debt - Summary of Aggregate Ann

Debt - Summary of Aggregate Annual Maturities of Long-Term Debt (Detail) $ in Thousands	Mar. 31, 2020USD ($)
2020	$ 2,761
2021	30,362
2022	361
2023	166
Long-term debt	$ 33,650

Related Party Transactions An_2

Related Party Transactions And Balances - Additional Information (Detail) shares in Thousands, $ in Thousands, $ in Thousands	Mar. 02, 2020CAD ($)	Mar. 31, 2020USD ($)shares	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019CAD ($)	Feb. 13, 2019CAD ($)	Jul. 05, 2018USD ($)	Jul. 05, 2018CAD ($)
Related Party Transaction [Line Items]
Salary and benefits to employee		$ 28	$ 28
Grid Loan Agreement [Member]
Related Party Transaction [Line Items]
Loans receivable, related parties		$ 10,946		$ 10,865
Pure Sunfarms [Member]
Related Party Transaction [Line Items]
Shares Cancelled | shares		5,940
Reimbursement of expenses		$ 199		4,610
Loan interest rate percentage		5.20%
Loans receivable, related parties		$ 10,039					$ 9,959	$ 13,000
Refund of equity contribution	$ 5,940
Pure Sunfarms [Member] | Equity Contribution [Member]
Related Party Transaction [Line Items]
Loans receivable, related parties				$ 4,494	$ 5,940
V F Hemp [Member]
Related Party Transaction [Line Items]
Debt securities maturity date		Mar. 25, 2022
Loan interest rate percentage		8.00%
Bank Of Montreal And Farm Credit Canada [Member]
Related Party Transaction [Line Items]
Line of credit facility maximum borrowing capacity						$ 20,000
Line of credit facility guarantee amount						$ 10,000

Related Party Transactions An_3

Related Party Transactions And Balances - Schedule Of Related Party Transactions (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Due from Joint Ventures	$ 21,184	$ 26,283
Pure Sunfarms [Member]
Related Party Transaction [Line Items]
Due from Joint Ventures	10,238	15,418
VF Hemp [Member]
Related Party Transaction [Line Items]
Due from Joint Ventures	$ 10,946	$ 10,865

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Loss Carryforwards [Line Items]
Estimated Average Annual Tax Rate	24.00%	16.00%
Recovery of (provision for) income taxes	$ 1,012	$ (4,436)

Segment and Geographic Inform_3

Segment and Geographic Information - Summary of net sales by the countries and property, plant and equipment, net of accumulated depreciation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Revenues [Abstract]
Revenues	$ 32,112	$ 31,890
Interest Expense [Abstract]
Interest expense	537	694
Investment Income, Net [Abstract]
Interest income	383	136
Depreciation [Abstract]
Depreciation	1,530	1,667
Gross Profit [Abstract]
Gross Profit	765	675
Property, Plant and Equipment [Abstract]
Property, plant and equipment, net	61,687		$ 63,158
Assets [Abstract]
Assets	193,598		183,408
Corporate [Member]
Investment Income, Net [Abstract]
Interest income	383	136
United States [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, net	40,373		41,656
Assets [Abstract]
Assets	88,275		88,395
United States [Member] | Produce Business [Member]
Revenues [Abstract]
Revenues	29,315	28,199
Interest Expense [Abstract]
Interest expense	7	33
Depreciation [Abstract]
Depreciation	1,046	1,020
Gross Profit [Abstract]
Gross Profit	1,317	705
Canada [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, net	18,966		18,759
Assets [Abstract]
Assets	102,781		92,067
Canada [Member] | Produce Business [Member]
Revenues [Abstract]
Revenues	2,647	3,379
Interest Expense [Abstract]
Interest expense	515	643
Depreciation [Abstract]
Depreciation	301	419
Gross Profit [Abstract]
Gross Profit	(374)	60
Canada [Member] | Energy Business [Member]
Interest Expense [Abstract]
Interest expense	15	18
Depreciation [Abstract]
Depreciation	183	228
Gross Profit [Abstract]
Gross Profit	(178)	(90)
Energy - Canada [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, net	2,348		2,743
Assets [Abstract]
Assets	2,542		$ 2,946
Energy - Canada [Member] | Energy Business [Member]
Revenues [Abstract]
Revenues	$ 150	$ 312

Income Per Share - Basic And Di

Income Per Share - Basic And Diluted Net Income Per Ordinary Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net income	$ 4,190	$ 6,466
Denominator:
Weighted average number of common shares - basic	52,933	47,677
Effect of dilutive securities- share-based employee options and awards	1,242	1,829
Weighted average number of common shares - diluted	54,175	49,506
Antidilutive options and awards	510	0
Net income per ordinary share:
Basic income per share	$ 0.08	$ 0.14
Diluted income per share	$ 0.08	$ 0.13

Share Based Compensation Plan -

Share Based Compensation Plan - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share based compensation expense	$ 529	$ 1,296

Share Based Compensation Plan_2

Share Based Compensation Plan - Summary Of Stock Option (Detail) - Stock Option [Member]	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)shares	Mar. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Mar. 31, 2020$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Beginning balance | shares	2,452,666
Number of Options, Granted | shares	0
Number of Options, Excercised | shares	0
Number of Options, Forfeited/expired | shares	(25,000)
Number of Options, Ending balance | shares	2,427,666		2,452,666
Number of Options, Excercisable | shares	1,890,670	1,890,670
Weighted Average Exercise Price, Beginning balance | $ / shares		$ 5.12
Weighted Average Exercise Price, Granted | $ / shares		0
Weighted Average Exercise Price, Exercised | $ / shares		0
Weighted Average Exercise Price, Forfeited | $ / shares		2.67
Weighted Average Exercise Price, Ending balance | $ / shares		$ 5.15	$ 5.12
Weighted Average Exercise Price, Excercisable | $ / shares				$ 3.29
Weighted Average Remaining Contractual Term (years), Beginning balance	5 years 4 months 2 days		5 years 7 months 6 days
Weighted Average Remaining Contractual Term (years), Granted	0 years
Weighted Average Remaining Contractual Term (years), Exercised	0 years
Weighted Average Remaining Contractual Term (years), Ending balance	5 years 4 months 2 days		5 years 7 months 6 days
Weighted Average Remaining Contractual Term (years), Exercisable	4 years 5 months 12 days
Aggregate Intrinsic Value, Ending balance | $	$ 4,215	$ 4,215	$ 11,435
Aggregate Intrinsic Value, Excercisable | $	$ 4,132

Share Based Compensation Plan_3

Share Based Compensation Plan - Summary of Performance base restricted share unit activity (Detail) - Performance-Based Restricted Share Unit [Member]	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Performance-based Restricted Share Units, Beginning balance | shares	739,000
Number of Performance-based Restricted Share Units, Granted | shares	10,000
Number of Performance-based Restricted Share Units, Received | shares
Number of Performance-based Restricted Share Units, Forfeited/expired | shares	(54,000)
Number of Performance-based Restricted Share Units, Ending balance | shares	695,000
Number of Performance-based Restricted Share Units, Exercisable | shares	40,000
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 6.58
Weighted Average Grant Date Fair Value, Granted | $ / shares	7.16
Weighted Average Grant Date Fair Value, Received | $ / shares
Weighted Average Grant Date Fair Value, Forfeited/expired | $ / shares	8.09
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	7.16
Weighted Average Grant Date Fair Value, Exercisable | $ / shares	$ 11.44

Subsequent Events - Additional

Subsequent Events - Additional information (Detail) - CAD ($) $ in Millions	May 01, 2020	Mar. 31, 2020	Apr. 30, 2020	Jun. 06, 2017
Subsequent Event [Line Items]
Line Of Credit Facility Additional Borrowing Capacity			$ 22.5
Debt payment terms		Each advance is to be repaid on a five-year, straight-line amortization of principal, repaid in monthly installments of principal plus interest at an interest rate of CA$ prime rate plus 200 basis points
Non-Revolving Variable Rate Term Loan 2021 [Member] | FCC Loan [Member]
Subsequent Event [Line Items]
Debt payment terms		The outstanding balance was repayable by way of monthly installments of principal and interest
Debt Instrument Amortization Period	9 years and 9 months
Debt term	5 years
Pure Sunfarms [Member]
Subsequent Event [Line Items]
Equity Ownership Percentage				58.70%
Subsequent Event [Member] | Non-Revolving Variable Rate Term Loan 2021 [Member] | FCC Loan [Member]
Subsequent Event [Line Items]
Debt Instrument, Maturity Date	Apr. 1, 2025
Debt payment terms	The renewed loan is repayable by way of monthly installments of principal and interest based on an amortization period of 9 years and 9 months, with the balance and any accrued interest to be paid in full April 1, 2025.
Debt Instrument Amortization Period	9 years and 9 months
Debt term	5 years
Basis spread on variable rate	4.574%
Subsequent Event [Member] | Pure Sunfarms [Member]
Subsequent Event [Line Items]
Credit Facility			59
Capital Commitments			$ 8
Subsequent Event [Member] | Pure Sunfarms [Member] | Maximum [Member]
Subsequent Event [Line Items]
Equity Ownership Percentage			58.70%
Subsequent Event [Member] | Pure Sunfarms [Member] | Minimum [Member]
Subsequent Event [Line Items]
Equity Ownership Percentage			57.40%