Village Farms International, Inc. (TSX:VFF) exercised its right and acquired additional unknown stake in Pure Sunfarms Corporation from Emerald Health Therapeutics, Inc. (TSXV:EMH) for CAD 5.9 million on November 19, 2019. Pursuant to the Delta 2 option agreement Village Farms notified Pure Sunfarms that it has exercised its rights under the Pure Sunfarms shareholders agreement to increase Village Farms' ownership position in Pure Sunfarms and advanced an equity payment to Pure Sunfarms of CAD 5.9 million. In accordance with these agreements, Emerald was obligated to pay $5.9 million to Pure Sunfarms on November 1, 2019. In conjunction with entering into the Delta 2 option agreement, certain shares of Pure Sunfarms were placed in escrow pursuant to an escrow agreement and were to be released to Emerald once it had made certain equity contributions to Pure Sunfarms. Pending the resolution of Emerald's dispute under the escrow agreement, these 5.9 million shares in Pure Sunfarms remain held in escrow. If these shares are ultimately cancelled by Pure Sunfarms, there will be a further increase in Village Farms' equity interest in Pure Sunfarms and a corresponding decrease in Emerald's equity interest.

Village Farms International, Inc. (TSX:VFF) completed the acquisition of additional unknown stake in Pure Sunfarms Corporation from Emerald Health Therapeutics, Inc. (TSXV:EMH) on November 19, 2019. Village Farms International, Inc. announced that it has opted to receive a $5.9 million cash refund from Pure Sunfarms Corp. relating to an additional equity contribution that Village Farmsmade to Pure Sunfarms on November 19, 2019. If Village Farms is successful in the arbitration and Emerald's escrowed shares are cancelled, Village Farms would own 53.5% of Pure Sunfarms and Emerald would own 46.5% effective as of November 19, 2019. Village Farms expects a decision from the arbitration panel during the second half of 2020. On December 13, 2019, Emerald advanced $940,000 to PSF as part of its agreement to pay an aggregate of $25.0 million in connection with the exercise of the joint venture's acquisition of the Delta 2 greenhouse. As of January 15, 2020, $0.71 million was paid by Emerald.