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 Inc (VFF) maintains this comprehensive news hub for investors and stakeholders tracking its diversified operations in controlled-environment agriculture and cannabis production. Access official press releases, financial disclosures, and operational updates from North America's leader in hydroponic greenhouse-grown produce and cannabinoid-based products.
This resource provides timely updates on earnings reports, strategic expansions, and sustainability initiatives across VFF's three core segments: premium vegetable cultivation through advanced hydroponics, vertically integrated cannabis operations via Pure Sunfarms, and innovative energy projects. Users will find critical developments regarding production capacity, market expansions, and quality assurance protocols that define the company's industry leadership.
Key content categories include quarterly financial results, partnership announcements, regulatory compliance updates, and technology implementations related to sustainable growing practices. The curated news flow enables stakeholders to monitor VFF's execution of its strategic priorities in both traditional agriculture and emerging cannabinoid markets.
For consistent access to verified information about VFF's operational and financial performance, bookmark this page or check back regularly. All content is sourced from official corporate communications to ensure accuracy and compliance with disclosure regulations.
Village Farms International (TSX: VFF) recently announced a significant expansion of its cannabis cultivation capabilities through its subsidiary, Pure Sunfarms. The company received a license amendment from Health Canada for its Delta 2 facility, allowing immediate cultivation in the first half and targeting completion for the second half in 2022. This amendment boosts total cultivation capacity to 1.65 million square feet, with plans to reach 2.2 million square feet later. Pure Sunfarms has consistently recorded over 20% growth in retail branded sales over the last three quarters.
Village Farms International (NASDAQ: VFF) announced that CEO Michael DeGiglio will participate in a virtual fireside chat at the Cantor Fitzgerald Canadian LPs Cannabis Forum on June 14, 2021, at 11:00 a.m. ET. The presentation will be available live on their website, with an archive accessible for 90 days. Village Farms is a leading greenhouse grower in North America, focusing on cannabis and CBD opportunities. Its subsidiary, Pure Sunfarms, is a top cannabis operation in Canada, aiming for growth in the U.S. and international markets.
On June 10, 2021, Village Farms International (TSX: VFF, NASDAQ: VFF) announced the results of its annual and special shareholder meeting. A total of 49,330,959 shares, or 60.76% of the outstanding shares, were voted. All resolutions presented were approved, including the election of directors with Michael A. DeGiglio receiving 94.31% of votes. PricewaterhouseCoopers LLP was re-appointed as auditor. Shareholders also approved amendments to the Amended and Restated Equity Plan. Full voting results will be available on SEDAR.
Village Farms International (NASDAQ: VFF) announced a normal course issuer bid (NCIB) accepted by the Toronto Stock Exchange, allowing the company to repurchase up to 4,062,309 common shares, equating to about 5% of its outstanding shares, over a year. The NCIB runs from May 26, 2021, to May 25, 2022, with daily purchase limits based on trading volume. The company believes its shares may not reflect their true value, presenting this as a prudent use of capital without altering growth strategies. No prior repurchases have occurred in the last 12 months.
Village Farms International (NASDAQ: VFF) will participate in a virtual 'fireside chat' at the BMO Capital Markets 16th Annual Farm to Market Conference on May 20, 2021, at 10:40 a.m. ET. CEO Michael DeGiglio and CFO Stephen Ruffini will represent the company. A live webcast will be accessible on Village Farms' website and archived for 90 days. Village Farms is a leader in greenhouse agriculture and is expanding into the cannabis and CBD markets across North America and internationally.
Village Farms International (NASDAQ: VFF) reported its Q1 2021 financial results, showing a 63% increase in sales to $52.4 million, driven by its cannabis segment, Pure Sunfarms, which achieved its 10th consecutive quarter of positive Adjusted EBITDA. Cannabis sales reached $17.4 million, with Pure Sunfarms being the top-selling dried flower brand in Ontario. However, the company experienced a net loss of $7.4 million and a 276% decline in income compared to Q1 2020. Adjusted EBITDA dropped 63% to $0.4 million, impacted by lower margins and increased SG&A expenses.
Village Farms International (NASDAQ: VFF) will report its First Quarter 2021 Financial Results on May 10, 2021, at 7:00 a.m. ET. A conference call will follow at 8:30 a.m. ET. CEO Michael DeGiglio will also participate in a panel at the A.G.P./Alliance Global Partners Spring Virtual Consumer Cannabis Conference on May 4. The call will be accessible through telephone and an online link. Archived details will be provided post-event. Village Farms focuses on greenhouse operations and cannabis ventures.
Village Farms International (NASDAQ: VFF) reported robust growth in its Q4 2020 results, posting a 28% sequential increase and a 248% year-over-year rise in retail branded sales, totaling $15.5 million. The company achieved its eighth consecutive quarter of net income and positive adjusted EBITDA. Total sales increased by 43% to $47.4 million, while net income rose 197% to $7 million. Additionally, Village Farms extended its credit agreement to February 2024, strengthening its financial position as it capitalizes on opportunities in the cannabis market.
Village Farms International (NASDAQ: VFF) announced its upcoming inclusion in the S&P/TSX Composite Index, effective March 22, 2021. This index comprises the largest and most liquid companies on the TSX, enhancing investor base participation through index funds. CEO Michael DeGiglio highlighted this milestone as a testament to shareholder value and the company's growth in the cannabis sector. Village Farms, with its subsidiary, Pure Sunfarms, is one of North America's leading greenhouse growers and cannabis suppliers, demonstrating profitability for seven consecutive quarters.
Village Farms International (NASDAQ: VFF) announced that CEO Michael DeGiglio and CFO Stephen Ruffini will present at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 1:20 p.m. ET. The presentation will be available via live webcast on the company's website and archived for 90 days. Village Farms, a leading greenhouse grower, focuses on high-value plant-based Consumer Packaged Goods in cannabis and CBD. Its subsidiary, Pure Sunfarms, is among the largest cannabis producers worldwide and has been profitable for seven consecutive quarters.
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