Village Farms Intl Inc Stock Price, News & Analysis

Village Farms International (NASDAQ: VFF) has announced it will release its fourth quarter and full year 2024 financial results on March 13, 2025, at 7:00 a.m. ET. The company will host a conference call to discuss the results at 8:30 a.m. ET on the same day.

Participants can join via webcast or telephone, with pre-registration required for phone access. While the live Q&A session is reserved for analysts, other participants can submit questions via email to investorrelations@villagefarms.com. A replay of the conference call will be available on the company's website shortly after completion.

Village Farms International (VFF) has initiated order processing and deliveries through its wholly-owned subsidiary Leli Holland in the Netherlands, meeting previously announced timelines. Following the completion of its first harvest in December from the Drachten indoor cannabis facility, deliveries to Dutch coffeeshops will begin on February 7, 2025.

Leli Holland holds one of only 10 licenses for recreational cannabis production and distribution in the Netherlands' regulated program. The Drachten facility, completed in October 2024, is expected to be fully operational by Q2 2025. Starting April 7, 2025, coffeeshops in participating municipalities must exclusively source and sell cannabis products from regulated license holders.

The Dutch market is highlighted as a prime cannabis investment opportunity, featuring established legal consumption, zero-tax policy on regulated products, and more favorable pricing compared to Canada.

Village Farms International (NASDAQ: VFF) has issued statements regarding delays in the marijuana rescheduling process due to ongoing litigation against the Drug Enforcement Administration (DEA). This follows a January 13, 2025 Administrative Law Judge (ALJ) order granting an interlocutory appeal request. The ALJ heavily criticized the DEA's conduct, describing it as 'unprecedented,' 'astonishing,' and 'embarrassing.'

CEO Michael DeGiglio characterized the proceedings as an imperative administrative step and a symbolic victory against what the company views as a conflicted government agency. As the only cannabis operator participant in these proceedings, Village Farms expressed commitment to advocate for a fair process and cannabis reform. DeGiglio highlighted that despite majority public support for legalization and positive scientific research, prohibitionist efforts continue to impede progress in cannabis reform.

Village Farms International (NASDAQ: VFF) and Hemp for Victory have jointly filed a Request for Reconsideration to disqualify the Drug Enforcement Administration (DEA) from its role in marijuana rescheduling hearings. Following their initial motion filed on November 18, 2024, new evidence has emerged suggesting DEA wrongdoing.

The renewed Request highlights undisclosed conflicts of interest and improper ex parte communications by the DEA. The filing argues that the DEA has shown hostility toward the proposal to reschedule marijuana from Schedule I to Schedule III, provided preferential treatment to anti-rescheduling participants, and undermined pro-rescheduling participants' procedural rights.

Village Farms plans to submit a good faith affidavit to the DEA and Department of Justice alleging DEA bias. The company's legal counsel emphasizes the need for a special evidentiary hearing to ensure fairness and transparency in the proceedings.

Village Farms International (NASDAQ: VFF) and Hemp for Victory have filed a joint motion to disqualify the Drug Enforcement Administration (DEA) from overseeing the marijuana rescheduling process from Schedule I to Schedule III. The motion seeks to replace the DEA with the Department of Justice as the proponent of the Proposed Rule. The filing argues that the DEA failed to maintain complete records, ensure transparency, and is compromised in these proceedings. The parties also request that Smart Approaches to Marijuana and the DEA preserve their records due to evidence of unlawful conduct. Village Farms has been selected as a witness for the upcoming Rescheduling Hearing.

Village Farms International reported strong Q3 2024 results with 20% year-over-year growth in consolidated sales to $83.4 million. Canadian Cannabis net sales increased 29%, Fresh Produce sales grew 20%, and International Medicinal Cannabis sales rose 111%. The company maintained its #2 position in Canadian market share and achieved #1 position in Quebec. Consolidated adjusted EBITDA increased 63% to $5.3 million, with positive cash flow from operations of $4.3 million. The company began cultivation in Netherlands, marking its first international recreational market entry. Both Canadian Cannabis and Fresh Produce segments delivered positive Adjusted EBITDA and net income.

Village Farms International (NASDAQ: VFF) has been selected as one of 25 participants for the DEA's Administrative Law Judge hearing on rescheduling marijuana from Schedule I to Schedule III. The company is the only cannabis industry operator chosen to participate in the hearing, scheduled for January or February 2025. Dr. John Harloe, Village Farms' Global Cannabis General Counsel, will represent the company as a witness. Dr. Harloe brings extensive expertise in cannabinoid research and cannabis policy, holding positions on various regulatory boards and committees.

Village Farms International (NASDAQ: VFF) has announced its plans to release third quarter 2024 financial results on November 7, 2024, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET. The company will host a webcast accessible through their website, with telephone participation requiring advance registration. While the live Q&A session is reserved for analysts, other participants can submit questions via email to investorrelations@villagefarms.com. A replay of the conference call will be available on the company's website approximately one hour after completion.

Village Farms International (NASDAQ: VFF) has been notified by Nasdaq that it is not in compliance with the minimum bid price requirement. The company's common shares closed below US $1.00 from September 6, 2024 to October 17, 2024. Village Farms has until April 16, 2025 to regain compliance with the Minimum Bid Requirement.

During this compliance period, Village Farms' shares will continue to trade on the Nasdaq Capital Market. If the bid price closes at or above US $1.00 for a minimum of 10 consecutive business days before the deadline, the company is expected to regain compliance. If not, Village Farms may be eligible for an additional 180-day period or face potential delisting, with the option to appeal to a Nasdaq Hearings Panel.