Not just buying land people In Q&A interview with Tim Collins last week, I think DeGiglio told us he won't farm out extraction because Village wants control from seed to sale. Perhaps he would treat Emerald different since they are already partner with Pure Sunfarms. What Village will do on extraction will be worth watching. Below copied from Q&A:
"The company has three decades of experience dealing with regulatory bodies. Cannabis and CBD will fall under the guise of the Food and Drug Administration in the United States. This will be a hurdle many new cannabis companies have never faced. Village Farms grew up in the regulatory system. This shouldn't be an issue for the company.
Village Farms intends to be vertically integrated. It will control the process from seed to soil to growth t harvest to extraction to products and packaging. It has a history of being a low-cost producer in any space it enters and will employ that model with cannabis. As we witnessed Tuesday with Aurora's [Aurora Cannabis (ACB) ] earnings, big expenses will pinch the bottom line. By controlling all facets of its model, Village Farms eliminates third-party risk and will be aware of costs through all facets of cultivation to sale."