Village Farms is pleased to announce that it is a part of the Standard & Poors and the Toronto Stock Exchange (TSX) ‘Clean Technology Index’. The Eatontown, N.J.-based produce company is one of 53 companies that has been designated this distinctive classification.
To be eligible for inclusion a security must be classified as a clean technology company according to the classification system used to screen all securities listed on TSX, this according to Standard & Poors’: S&P/TSX Clean Technology Methodology report on eligibility criteria. Stocks that meet the criteria are classified into five key areas: 1) Renewable Energy—Production and Distribution, 2) Renewable Energy—Manufacturing and Technologies, 3) Energy Efficiency, 4) Waste Reduction and Waste Management and 5) Low Impact Materials and Products. Village Farms was deemed to be ‘Low Impact Materials & Products.’ In addition companies must meet a number of stringent financial criteria to be included in this prestigious index.
“Village Farms is a leader in environmental responsible growing practices and ahead of the curve within the controlled environment agricultural sector.” says Michael A. DeGiglio, president & chief executive officer for Village Farms. “We are elated to be recognized for these achievements by TSX to be included in the Clean Technology Index.”
Village Farms is in the final stages of construction of a new greenhouse in Monahans, Texas that will be based on its proprietary GATES technology and clean technology initiatives.
For more infromation, visit www.villagefarms.com.