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. (NASDAQ: VFF) generates frequent news across cannabis, CBD, produce, and renewable energy, reflecting its role as a controlled environment agriculture specialist transitioning into higher-value plant-based consumer packaged goods. News coverage on this page centers on how the company develops and scales its Canadian cannabis operations, expands international exports, and advances regulated adult-use and medical cannabis programs.
Readers can follow updates on Pure Sunfarms, which Village Farms describes as one of the single largest cannabis operations in the world, as well as Rose LifeScience in Québec and Leli Holland in the Netherlands. Announcements often address product launches and format innovation in regulated markets, such as new pre-roll and hash-forward offerings for Dutch coffeeshops, packaging developments in Canada, and evolving strategies for international medical cannabis exports from the company’s EU GMP certified facility in Canada.
U.S.-focused news typically highlights the activities of Balanced Health Botanicals, Village Farms’ CBD and hemp-derived brand and e-commerce platform, along with commentary on regulatory developments that may affect cannabinoid markets. Additional items include updates on the company’s Texas greenhouse assets and farmland, its renewable natural gas royalties through Village Farms Clean Energy, and corporate actions such as share repurchase authorizations, leadership appointments, and financial results.
This news page aggregates press releases and other disclosures so investors and observers can see how Village Farms executes its cannabis, CBD, produce, and clean energy strategies over time. For ongoing insight into VFF’s operations in Canada, Europe, the United States and other export markets, users can revisit this feed as new announcements are published.
Village Farms International (VFF) plans to release its second quarter 2021 financial results on August 9, 2021, at 7:00 a.m. ET. A conference call will follow at 8:30 a.m. ET for discussion of the results. The call can be accessed via telephone or online. Village Farms is a major greenhouse grower in North America and aims to be a leader in cannabis and CBD products. Its subsidiary, Pure Sunfarms, is a significant global player in cannabis production, generating positive adjusted EBITDA for nine consecutive quarters.
On July 12, 2021, Village Farms International (VFF) announced the filing of a universal shelf registration statement on Form S-3 with the SEC, replacing an earlier statement from April 2020. As a "well-known seasoned issuer," this filing allows VFF flexibility to issue securities for future offerings to pursue strategic opportunities. Although there are no immediate plans to offer securities, the company emphasizes its strong position in the growing cannabis and CBD markets. The New Registration Statement aims to facilitate potential funding for new projects and initiatives.
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.