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Village Farms International: Analyst Reduces Price Target But Maintains Overweight After Q4 Results
Friday, March 10, 2023 - 5:33pm | 724Village Farms International Inc. (NASDAQ: VFF) recently reported its financial results for Q4 2022 in which revenue was $69.5 million, a decrease of 5% compared to $72.4 million in Q4 2021. Michael DeGiglio, Village FarmsCEO, commented on Thursday: "The fourth quarter of 2022 once again...
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Village Farms Q4 2022 Revenue Declines 5% YoY, What About Net Loss?
Thursday, March 9, 2023 - 9:39am | 459Village Farms International, Inc. (NASDAQ: VFF) revenue in Q4 2022 was $69.5 million, a decrease of 5% compared to $72.4 million in Q4 2021. Q4 2022 Financial Highlights Gross profit was $2.9 million compared to $19.7 million in Q4 2021. Net loss was $49.3 million, or ($0.54) per share,...
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Village Farms Shares Slightly Up On $25M Direct Offering, CEO's Ownership Dilution
Tuesday, January 31, 2023 - 12:08pm | 484Village Farms International, Inc. (NASDAQ: VFF) has completed its previously announced registered direct offering with certain institutional investors for the purchase and sale of an aggregate of 18.4 million shares at $1.35 per share, together with accompanying warrants to purchase up...
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Village Farms' Pure Sunfarms Commences Shipping Cannabis To Israel
Tuesday, January 3, 2023 - 12:27pm | 427Pure Sunfarms, a subsidiary of Village Farms International, Inc. (NASDAQ: VFF) commenced shipping cannabis products for the Israeli medical market under an exclusive three-year supply agreement with Israel-based Dr. Samuelov Importing and Marketing Ltd., doing business as Better Pharma. "...
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Village Farms Q3 Sales Decrease Slightly YoY, What About Adjusted EBITDA?
Wednesday, November 9, 2022 - 9:48am | 558Village Farms International, Inc. (NASDAQ: VFF) (TSX:VFF) released its financial results for the third quarter ended September 30, 2022. revealing consolidated sales were $71.1 million, a 2% decrease compared to $72.4 million in Q3 2021. Q3 2022 Financial Highlights Consolidated net loss was $8....
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EXCLUSIVE: Village Farm's CEO Predicts 'A Lot Of Scorched Earth' In The Canadian Cannabis Market In The Next 3 Quarters
Wednesday, September 14, 2022 - 12:17pm | 588Village Farms International Inc (NASDAQ: VFF) CEO Michael Degiglio discussed the difficult Canadian Cannabis market and the opportunities it may create at the Benzinga Cannabis Capital Conference in Chicago on Wednesday. Degiglio said the Canadian cannabis market has gotten a bad reputation among...
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Village Farms Q2 Sales Grow 18% YoY, Acquires Netherlands-Based Cannabis Cultivator
Tuesday, August 9, 2022 - 9:12am | 650Village Farms International, Inc. (NASDAQ: VFF) (TSX:VFF) released financial results for the second quarter ended June 30, 2022, revealing sales increased 18% year-over-year to $82.9 million from $70.4 million in Q2 2021. Q2 2022 VS Q1 2021 Financial Highlights Consolidated net loss was ($36.6...
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Village Farms Named To Corporate Knights' Inaugural Future 50: The Fastest Growing Sustainable Companies In Canada
Monday, June 6, 2022 - 10:05am | 358Village Farms International, Inc. (NASDAQ: VFF) has been named to Corporate Knights' inaugural Future 50: The Fastest Growing Sustainable Companies in Canada. The Future 50 is a list of the fastest growing Canadian companies whose business activities align with the transition to a global clean...
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Village Farms' Q1 Consolidated Adjusted EBITDA Falls YoY, Revenue Surpasses $70M
Tuesday, May 10, 2022 - 9:28am | 525Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced its financial results for the first quarter ended March 31, 2022. "The first quarter of 2022 once again demonstrated the strength and earnings power of both our Canadian and U.S. Cannabis businesses," Michael DeGiglio,...
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Village Farms Subsidiary Pure Sunfarms Receives EU GMP Certification For Its Delta 3 Cannabis Facility
Wednesday, March 9, 2022 - 9:59am | 293Pure Sunfarms, a wholly owned subsidiary of Village Farms International, Inc. (NASDAQ: VFF), received EU GMP certification from Bezirksregierung Düsseldorf for its 1.1 million square foot Delta 3 cannabis production facility located in Delta, British Columbia. EU GMP certification permits Pure...
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Is Village Farms Positioned For Business Growth Despite Revenue Drop? Analyst Opines Post Q4 Earnings
Monday, March 7, 2022 - 10:20am | 751Village Farms International, Inc. (NASDAQ: VFF) recently reported its fourth-quarter financial results revealing a sequential and year-over-year revenue drop of 22% and 96%, respectively. Cantor Fitzgerald’s analyst Pablo Zuanic said that revenue decrease could be attributed to a ramp-up in...
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Village Farms Q4 Net Income Drops 96% YoY To $2.1M, Canadian Cannabis Sales Improve Reaching $26.8M
Tuesday, March 1, 2022 - 9:11am | 491Village Farms International, Inc. (NASDAQ: VFF) reported Tuesday its financial results for the three months and year ended December 31, 2021. "In the fourth quarter, we once again saw strong year-over-year growth in sales and adjusted EBITDA, with positive adjusted EBITDA...
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Village Farms Names Ann Gillin Lefever As New Executive VP Of Corporate Affairs
Thursday, February 10, 2022 - 8:42am | 457Village Farms International, Inc. (NASDAQ: VFF) announced the appointment of Ann Gillin Lefever to the position of executive vice president of corporate affairs, reporting directly to the CEO, effective immediately. In this newly created role, Ms. Gillin Lefever will be responsible for...
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Village Farms Posts Strong Q3 Results Driven By 12th Consecutive Quarter of Pure Sunfarms' Positive Adjusted EBITDA
Tuesday, November 9, 2021 - 9:06am | 543Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) released its third-quarter financial results Tuesday, reporting net income of $5.3 million, compared to $2.0 million in the same period of the prior year. Third Quarter Financial Summary Total net sales reached $27.5 million, versus...
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Village Farms' Balance Health Botanicals Launches New Products, Highlighting Hemp's Benefits Beyond CBD
Tuesday, October 26, 2021 - 10:01am | 407Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced Tuesday that Balanced Health Botanicals, its wholly-owned subsidiary, has expanded its product portfolio with the launch of its innovative Synergy Collection. The new product line was developed to enhance the multitude of benefits...