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) celebrates the U.S. Department of Justice's decision to consider rescheduling marijuana from Schedule I to Schedule III under the Controlled Substances Act. This initiative commences a 60-day public comment period. Village Farms aims to leverage its successful cannabis operations in Canada to explore entry into the U.S. marijuana market, should the rescheduling be approved. The company is evaluating multiple strategies to capitalize on the potential legal changes and remains vigilant for regulatory updates.
Village Farms International, Inc. has appointed Carolyn Hauger, a seasoned finance and operations expert, to its Board of Directors. Hauger brings over 35 years of leadership experience in various companies, with a focus on financial strategy, business development, and consumer-packaged goods. Her extensive background includes roles as CFO at Ten-Nine Technologies and Lion, Inc., contributing to operational optimization and financial performance improvements. Hauger's appointment is expected to bring valuable insights and perspective to Village Farms.
Village Farms International reported strong Q1/24 results with total sales growing by 21%, net loss per share improving to ($0.03), and adjusted EBITDA increasing six-fold to $3.6 million. Canadian Cannabis retail sales grew by 28% year-over-year, with positive adjusted EBITDA and free cash flow. The company expanded its market share in various regions and achieved profitability in the Fresh Produce business. In the international market, Village Farms is set to start production in the Netherlands and has seen growth in Canadian export business. While there are positive growth trends, gross margins for Canadian Cannabis decreased to 25% and net loss for the U.S. Cannabis segment increased. Despite these challenges, Village Farms continues to focus on innovation and market leadership.
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