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 (NASDAQ: VFF) will present at the LD 500 Virtual Conference on September 3, 2020, at 1:20 p.m. ET. CEO Michael DiGiglio and CFO Stephen Ruffini will discuss the success of their joint venture, Pure Sunfarms, a leading cannabis producer in Canada. The company has expanded its product line to include bottled oils and vape products. Additionally, they will outline opportunities in U.S. and international CBD markets, emphasizing their capacity as a large-scale greenhouse operator for potential federal legalization of cannabis in the U.S.
Village Farms International (NASDAQ: VFF) announced that its joint venture, Pure Sunfarms, has started shipping Cannabis 2.0 products and bottled oils. Initial shipments will be to British Columbia, with Ontario and Alberta to follow. The company aims to leverage its expertise in dried flower to establish a strong presence in these new product categories. Pure Sunfarms has maintained market leadership in dried flower in Ontario for three consecutive quarters. The addition of high-value products is expected to enhance margins as extraction operations are set to begin pending regulatory approval.
Village Farms International (VFF) reported Q2 2020 results, showing a 15% increase in produce sales to $47.6 million, yet net income fell by 103% to a loss of $0.1 million compared to $3.72 million in 2019. Earnings per share dropped 100% to $(0.00). Adjusted EBITDA decreased 50% to $2.3 million. Despite challenges, Pure Sunfarms maintained its status as the top dried cannabis brand in Ontario with a 13.8% market share and prepared for the launch of Cannabis 2.0 products. The company is expanding its market reach and operational capacity amid ongoing COVID-19 protocols.
Village Farms International (NASDAQ: VFF) will report its second quarter 2020 financial results via news release on August 12, 2020 at approximately 5:00 p.m. ET. The company will also host a conference call to discuss these results on August 13, 2020 at 8:30 a.m. ET. Interested participants can join the call by dialing (647) 427-7450 or (888) 231-8191, or accessing it online. For those unable to attend, an archive will be available for replay until August 20, 2020. Village Farms is a major vertically integrated greenhouse grower in North America, focusing on both produce and cannabis opportunities.
Village Farms International (NASDAQ: VFF) has signed a binding agreement to acquire 6.6% of Australia-based Altum International, a prominent cannabinoid platform in the Asia-Pacific. This strategic acquisition aims to capitalize on the burgeoning CBD market, which is projected to reach US$10 billion by 2024. Altum focuses on compliant CBD products, targeting markets in Hong Kong and potentially expanding throughout the Asia-Pacific region. The partnership is expected to enhance operational synergies and leverage Village Farms' agricultural expertise for long-term growth in CBD and cannabis sectors.
Village Farms International (NASDAQ: VFF) announced that its joint venture, Pure Sunfarms, has begun shipping branded dried flower products to Manitoba, expanding its market presence to five of Canada's six largest provinces. The brand achieved record sales in Ontario, British Columbia, and Alberta for the four-week period ending July 19, 2020, and continues to be the top-selling dried flower brand at the Ontario Cannabis Store. CEO Mandesh Dosanjh expresses confidence in the brand's reception in Manitoba, highlighting its strategic growth amid the recovery of the Canadian cannabis market.
Village Farms International (NASDAQ: VFF) has entered a definitive agreement with DutchCanGrow Inc. to share ownership in a cannabis venture in the Netherlands, aiming to become a licensed grower under the upcoming legal recreational cannabis market. Each partner will hold under 16% ownership as DCG plans to build a greenhouse facility to supply an anticipated 65,000 kilograms of dried cannabis annually for the 10 selected cities. This marks Village Farms' strategic entry into European markets following its success in Canada.
On July 1, 2020, Village Farms International (NASDAQ: VFF) announced the expansion of its credit facility for its joint venture, Pure Sunfarms, to a total capacity of $59 million. The new facility includes a $15 million revolving loan and $25 million term loan, alongside an existing $19 million loan. This funding will support operations at its Delta 2 greenhouse and further solidify Pure Sunfarms as a leading Canadian cannabis producer. The company expressed gratitude for the support from Bank of Montreal, Farm Credit Canada, and CIBC.
On June 25, 2020, Village Farms International (NASDAQ: VFF) held its annual meeting where all director nominees were successfully elected. Key results include high approval ratings for nominees, with Michael A. DeGiglio receiving 98.9% approval and John P. Henry 99.0%. Additionally, PricewaterhouseCoopers LLP was appointed as the company's auditor, and the directors were given authority to determine the auditor's remuneration. The company is recognized for its substantial greenhouse operations in North America and its strategic position in the cannabis and CBD markets.
Village Farms International's joint venture, Pure Sunfarms, is expanding its reach by shipping cannabis products to Saskatchewan after receiving regulatory approval. Saskatchewan accounts for about 6% of Canada's total cannabis sales and will transition to an open market model by September 2020, allowing unlimited dispensaries. Additionally, Pure Sunfarms has been approved to supply cannabis to Manitoba. The company is also set to introduce pre-rolls in Ontario and Cannabis 2.0 products this summer, including vape cartridges and bottled oils, enhancing its product portfolio significantly.
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