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), based in Vancouver, announced a conference call to discuss its first quarter financial results for 2023 on May 10, 2023, at 8:30 a.m. ET. The financial results will be released earlier on the same day at 7:00 a.m. ET. The conference call will be accessible via a webcast and telephone, requiring prior registration for phone access. Analysts will be prioritized for live Q&A, while others can submit questions via email prior to the call. Village Farms is recognized for its significant role in the controlled environment agriculture industry, particularly in the cannabis sector with its subsidiary Pure Sunfarms. The company views potential growth opportunities in both the cannabis and CBD markets across North America and internationally, focusing on the Asia-Pacific region and Europe.
Village Farms International (VFF) announced a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as the bid price for its shares was below US$1.00 from March 7 to April 19, 2023. The company has until October 17, 2023, to regain compliance, with shares continuing to trade on the Nasdaq Capital Market during this period. If the share price meets the requirement for 10 consecutive business days before the deadline, compliance will be restored. Failure to comply may lead to a potential delisting, although the company could apply for an additional compliance period. Village Farms operates in Controlled Environment Agriculture and has significant operations in cannabis and CBD sectors, highlighting both growth potential and current financial challenges.
Village Farms International (NASDAQ: VFF) announced its fourth-quarter and full-year 2022 financial results, showing a 25% year-over-year increase in Canadian cannabis retail branded sales. The firm maintained its position as the number two cannabis producer in Canada and reported net sales of $69.5 million, although this reflects a 5% decrease from the previous year. A significant net loss of $49.3 million was reported, attributed largely to an impairment charge of $13.5 million and inventory write-downs. Adjusted EBITDA fell to negative $0.8 million. The company continues to focus on production efficiency while expanding its cannabis export operations.
Village Farms International, Inc. (NASDAQ: VFF) has appointed Kathy Mahoney as an independent member of its Board of Directors, effective March 10, 2023. Mahoney, a seasoned professional in the consumer goods sector, has over 40 years of legal and business experience, particularly in regulated markets like tobacco and CBD. Her prior role at SpartanNash included significant responsibilities such as leading a $2 billion division. This strategic addition to the board is aimed at enhancing Village Farms' growth in plant-based consumer goods and cannabis markets. The company also operates significant cannabis ventures in Canada and the U.S.
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