Great News but more is coming.
Emerald is basically broke.
Its endemic production is not profitable by any sttretch of the imagination.
It gets by only on the profits of Pure farms.
With that equity interest now signifizantly less, its fiscal situation is precarious

It will get a lot worse


As far as we know,   Emerald has not made any payments to Pure Sunfarms in respect to the $7.2-million that Pure Sunfarms is seeking from Emerald under the supply agreement


Village Farms understands that Emerald is in the process of investigating its supply agreement liability to Pure Sunfarms. If Emerald does not agree to the liability, Pure Sunfarms has reserved the right to take such actions as it considers necessary and appropriate to recover its losses from Emerald for non-payment of amounts owing by Emerald under the supply agreement.

For greater certainty, Village Farms is not a party to the supply agreement, and any amounts owing thereunder are payable by Emerald to Pure Sunfarms.

Of course, Emerald's equity interest will further decline and VFF will take up that loss..