Exhibit 5.1
79 Wellington St. W., 30th Floor
Box 270, TD South Tower
Toronto, Ontario M5K 1N2 Canada
P. 416.865.0040 | F. 416.865.7380
www.torys.com
August 16, 2021
Village Farms International, Inc.
4700-80th Street
Delta, British Columbia V4K 3N3
Canada
Ladies and Gentlemen:
We have acted as counsel to Village Farms International, Inc. (the “Corporation”) in connection with the resale by A&E Holdings LLC (“A&E”), BDH Partners, LLC (“BDH”), CJA Holdings LLC (“CJA”) and MSRP Zone LLP (“MSRP” and together with A&E, BDH and CJA, the “Selling Shareholders”) of up to 4,707,113 common shares (“Common Shares”) in the capital of the Corporation (such amount of Common Shares, the “Shares”). We have been advised that the Shares were issued pursuant to the Membership Interest Purchase Agreement, dated as of August 16, 2021, between the Corporation, Balanced Health Botanicals, LLC and the other parties thereto (the “Purchase Agreement”).
This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933 (the “Securities Act”).
In rendering the opinion stated herein, we have examined and relied upon the following:
| (a) | the registration statement on Form S-3ASR (File No. 333-257857) of the Corporation relating to the offering from to time of Common Shares and other securities of the Corporation, filed on July 12, 2021 with the Securities and Exchange Commission (the “Commission”) under the Securities Act, allowing for delayed offerings pursuant to Rule 415 of the General Rules and Regulations under the Securities Act (the “Rules and Regulations”), including the information deemed to be a part of the registration statement pursuant to Rule 430B of the Rules and Regulations (such registration statement being hereinafter referred to as the “Registration Statement”); |
| (b) | the prospectus, dated July 12, 2021 (the “Base Prospectus”), which forms a part of and is included in the Registration Statement; |
| (c) | the prospectus supplement, dated August 16, 2021 (together with the Base Prospectus, the “Prospectus”), relating to the resale from time to time of the Shares by the Selling Shareholders, in the form filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations; |
| (d) | an executed copy of the Purchase Agreement; |
| (e) | an executed copy of a certificate of Stephen Ruffini, Chief Financial Officer of the Corporation, dated the date hereof (the “Officer’s Certificate”); |
| (f) | a copy of the Corporation’s articles of incorporation under the Canadian Business Corporation Act as of August 16, 2021, and certified pursuant to the Officer’s Certificate; |
| (g) | the by-laws of the Corporation; and |
| (h) | resolutions of the directors of the Corporation relating to the registration of the Shares and related matters and authorizing the Purchase Agreement. |