Welcome to our dedicated page for Village Farms Intl news (Ticker: VFF), a resource for investors and traders seeking the latest updates and insights on Village Farms Intl stock.
Village Farms International reports developments across its cannabis and controlled-environment agriculture businesses, including operating results, Canadian cannabis brands, international medical cannabis exports, and greenhouse capacity. The company operates cannabis activities in Canada, the U.S. and the Netherlands, with Pure Sunfarms as its Canadian licensed producer and Balanced Health Botanicals in CBD and hemp-derived products.
Recurring updates include quarterly and annual financial results, EU-GMP certified cultivation capacity in British Columbia, product and labelling initiatives such as Pure Sunfarms Pink Kush potency-range packaging, credit facility amendments, share repurchases and governance changes. News also covers greenhouse produce operations and expansion activity tied to the company’s cannabis platform.
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Village Farms International (NASDAQ: VFF) has acquired an 85% stake in Leli Holland, which received the final license to cultivate cannabis under the Dutch Closed Supply Chain Experiment in the Netherlands. This makes the Netherlands the first major European country to permit large-scale recreational cannabis cultivation, commencing next year. The program aims to assess the effects of regulated cannabis supply to retailers. Village Farms aims to leverage its extensive experience in controlled agriculture to succeed in this market.
Village Farms International (NASDAQ: VFF) reported its Q2 2022 financial results, showing a 18% increase in consolidated revenue to $82.9 million year-over-year. Canadian cannabis sales surged 25% to a record $29.8 million, driven by strong performance from its Pure Sunfarms brand, which remains the top seller in Canada. However, the company faced a net loss of $36.6 million due to impairments and rising costs, leading to negative adjusted EBITDA of ($10.3 million).
Village Farms International (VFF) will hold a conference call on August 9, 2022, at 8:30 a.m. ET to discuss its second-quarter financial results. The results will be released on the same day at 7:00 a.m. ET. Participants can join by phone or online. Village Farms is a significant player in controlled environment agriculture with a focus on high-growth cannabis and CBD markets, leveraging its experience in fresh produce. The company operates Pure Sunfarms, one of the largest cannabis operations in Canada, and has plans for expansion into the U.S. cannabis market.
Balanced Health Botanicals, a subsidiary of Village Farms International (NASDAQ: VFF), announced significant findings from a Pathfinder Mission analyzing the effects of its Daytime Synergy 500mg CBG + 500mg CBD tincture on anxiety. Conducted with MoreBetter, the study revealed that 83% of participants experienced quality of life improvements, with 90% recommending the product for mild anxiety. Users reported benefits such as increased focus and relaxation. These insights underscore CBDistillery’s commitment to research and innovation in cannabinoid wellness, responding to rising anxiety rates impacting over 40 million U.S. adults.
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Village Farms International (NASDAQ: VFF) announced that CEO Michael DeGiglio will join a fireside chat at the BMO Global Farm to Market Conference in New York City on May 19, 2022, at 1:35 p.m. ET. A live webcast will be accessible on the company's website under the Investors section and will remain archived for 90 days. Village Farms operates as a major supplier in Controlled Environment Agriculture and is expanding into high-growth cannabis and CBD markets across North America and beyond.
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Village Farms reported a 34% year-over-year revenue increase to $70.2 million for Q1 2022, yet faced a net loss of $6.5 million due to inflationary pressures affecting its produce business. The Canadian cannabis segment achieved a record 14 consecutive quarters of positive adjusted EBITDA, driven by Pure Sunfarms maintaining its status as the top-selling dried flower brand in key Canadian markets. The company is focused on leveraging its recent EU GMP certification to expand into international markets.