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.
Overview
Village Farms International Inc (VFF) is a diversified agricultural enterprise renowned for its premium hydroponic greenhouse produce, advanced sustainable growing practices, and integrated cannabis operations. The company operates with a strong focus on delivering the finest vine-ripened tomatoes, bell peppers, and cucumbers while ensuring unmatched food safety and quality control. Its industry-leading hydroponic technologies and environmentally conscious practices enable them to produce quality vegetables 365 days a year.
Core Business Areas
Village Farms is structured around several key operating segments:
- Produce: The backbone of the business, this segment focuses on cultivating high-quality, hydroponic greenhouse vegetables. With stringent food safety standards and a dedication to fresh, handpicked produce, the company has established itself as a trusted source for quality fruits and vegetables.
- Cannabis: Through its wholly owned subsidiaries, the company operates in both the Canadian and U.S. cannabis markets. Pure Sunfarms oversees a vertically integrated model that spans cannabis cultivation, production, and distribution, while Balanced Health specializes in the development and sale of cannabidiol-based products, including ingestibles, edibles, and topicals.
- Energy: Complementing its primary agricultural activities, the company has a segment dedicated to energy solutions. This segment underscores its commitment to sustainable practices and innovative environmental stewardship.
Operational Excellence and Market Position
Village Farms leverages its advanced hydroponic greenhouse systems to ensure that produce is grown under optimal conditions, which minimizes environmental impact while maximizing flavor and nutritional content. Their use of the proprietary HydroPerfect® method demonstrates a commitment to environmental stewardship by producing consistent quality produce throughout the year. Furthermore, the company's integrated business model—encompassing production, marketing, and sales—enables tight control over quality from cultivation to the consumer's table.
Sustainability and Quality Assurance
The company places a strong emphasis on sustainable growing practices that align with environmental conservation. Their operating philosophy centers on the principle that what is good for the planet is also good for business. This ethos drives the use of environmentally responsible methods that not only promote resource efficiency but also produce healthier, safer food options.
Industry Insights and Competitive Landscape
In the competitive landscape of North American agriculture, Village Farms distinguishes itself through its rigorous quality standards and vertically integrated operational approach. The blend of traditional agricultural expertise with modern techniques creates a resilient model that addresses both consumer demand for fresh produce and the emerging market needs in the cannabis sector. Investors and market analysts appreciate the careful balance maintained by the company between sustaining quality output in its produce segment while strategically expanding its portfolio in cannabis and energy. This balance is achieved by ensuring operational efficiency, maintaining diversified revenue streams, and continuously innovating within its production methods.
Commitment to Excellence
At its core, Village Farms exemplifies operational resilience and innovation. The company is recognized not only for its high-quality products but also for its robust safety and quality assurance protocols. With an unwavering focus on excellence, the company supports its market position with deep industry knowledge, precision in food safety practices, and a consistent ability to operate at a high standard in every segment it serves.
Conclusion
Overall, Village Farms International Inc stands as a comprehensive agricultural entity that bridges traditional produce cultivation with modern cannabis and energy production methodologies. Its dedication to quality, sustainability, and innovative growing practices makes it a distinctive player in the industry, well-equipped to navigate the evolving demands of the market.
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.
Village Farms International (NASDAQ: VFF) has announced its participation in the upcoming Benzinga Cannabis Capital Conference in Chicago on October 8th and 9th, 2024. Two company executives will be speaking on expert panels:
1. Michael DeGiglio, President and CEO, will participate in a panel titled 'Europe, Australia, Southeast Asia…Canada? Where is the Real Cash Cow' on October 8th at 3:00 p.m.
2. John Harloe, General Counsel - Global Cannabis, will join a panel on 'Hemp vs. Marijuana' on October 8th at 2:15 p.m.
The panels will be archived for replay on the company's website. Management will also be available for one-on-one meetings with analysts and investors during the conference.
Village Farms International has acquired the remaining equity ownership interest in Leli Holland, increasing its stake to 100% from 85%. Leli Holland is one of 10 licensed producers in the Dutch cannabis program. The company has completed construction of its cultivation facility in Drachten, featuring five flower rooms and additional space for drying, manufacturing, and packaging. Leli anticipates commencing cultivation in October, pending final regulatory inspections, with first sales expected in Q1 2025.
The facility will supply approximately 80 Dutch coffeeshops in participating jurisdictions. Village Farms sees the Dutch market as one of the most attractive -license cannabis opportunities globally. The company aims to leverage its position as a top Canadian Licensed Producer with EU-GMP certification to expand medicinal operations internationally and pursue recreational market expansion opportunities.
Village Farms International (NASDAQ: VFF) will participate in the Investor Summit Summer 2024 Virtual MicroCap Forum on August 20, 2024. Key points include:
- CEO Michael DeGiglio will present at 11:30 a.m. ET
- The presentation will be publicly available on the company's website
- A replay will be archived for later viewing
- Management will be available for one-on-one meetings with institutional investors
This event provides an opportunity for Village Farms to showcase its business to potential investors and engage with the financial community. Interested parties can schedule meetings through Lawrence Chamberlain at Loderock Advisors.
Village Farms International (NASDAQ: VFF) reported Q2 2024 results. Total sales grew 19% YoY to $92.1 million. The Canadian cannabis segment saw a 45% increase in net sales and achieved positive adjusted EBITDA. Fresh produce sales increased 7%. The consolidated net loss was $23.5 million, primarily due to an $11.9 million goodwill impairment in the U.S. cannabis segment. Cash flow from operations improved to $5.7 million.
Canadian cannabis continued to hold significant market share, improving its national ranking in various regions. The company expanded third-party supply and introduced new pre-roll products. U.S. cannabis sales declined, and fresh produce faced margin pressure but showed operational improvements. The company expects continued growth in both cannabis and produce segments, with the Netherlands production set to begin soon.
Village Farms International (NASDAQ: VFF) has announced it will host a conference call on August 8, 2024, at 8:30 a.m. ET to discuss its second quarter 2024 financial results. The company will release its Q2 2024 financial results via news release on the same day at 7:00 a.m. ET.
Participants can access the conference call through a webcast or by registering in advance for telephone dial-in information. While the live Q&A session is to analysts, others can submit questions via email before the call. For those unable to attend, an archive of the call will be available on the company's website shortly after completion.
Village Farms International (NASDAQ: VFF) will participate in the iAccess Alpha Buyside Best Ideas Summer Conference on June 25-26, 2024. Michael DeGiglio, President and CEO, will present on June 25 at 10:30 a.m. ET. This presentation will be webcast live and accessible via the company's website and webcaster4.com, with an archived replay available. The management team will hold one-on-one meetings with institutional investors on June 26. For meeting scheduling, visit iaccessalpha.com.
Village Farms International (NASDAQ: VFF) urges its shareholders to vote in the upcoming virtual annual meeting on June 28, 2024, at 12:00 p.m. Eastern time. Shareholders can vote online by visiting www.investorvote.com using their control number by June 26, 2024, at 12:00 p.m. Alternatively, they can mail or fax their proxy or voting instruction forms to Computershare Investor Services. The Notice Package, outlining the meeting’s agenda, was mailed to shareholders around May 30, 2024. For those who haven’t received it, registered shareholders should contact Computershare, and non-registered ones should contact their brokers. The meeting materials are also available on the Village Farms website.
Village Farms International (NASDAQ: VFF) has congratulated the Netherlands on advancing its legal recreational cannabis program, known as the Dutch Program. The scheme expanded from two to ten municipalities where regulated cannabis can be sold. Village Farms, through its subsidiary Leli Holland, holds one of ten cultivation and distribution licenses for recreational cannabis in the Netherlands. Production at their Drachten facility is expected to commence in Q4 2024, with sales beginning in Q1 2025. CEO Michael DeGiglio highlighted the importance of the Netherlands to Village Farms' international strategy, aimed at contributing high-quality cannabis products to both recreational and medicinal markets.
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