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Village Farms International, Inc. (symbol: VFF) is a leading North American grower and marketer of branded, high-quality, hydroponic greenhouse-grown produce. The company produces a variety of fresh vine-ripened tomatoes, bell peppers, and cucumbers that are handpicked at their peak flavor. With operations in British Columbia and Texas, Village Farms is committed to exceeding customer expectations through quality produce, food safety standards, and sustainable growing practices.
Village Farms prides itself on their HydroPerfect® growing methods, which allow for year-round production of vegetables that are healthier for both consumers and the planet. The company operates intensive agricultural greenhouse facilities and also delves into the cannabis industry through its wholly owned subsidiary, Pure Sunfarms, which supplies cannabis products to other licensed providers and provincial governments in Canada and internationally. Another subsidiary, Balanced Health, focuses on developing and selling CBD-based products including ingestible, edible, and topical applications.
The company’s core business is divided into four operating segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy, with a majority of revenue generated from the Produce segment. Village Farms has demonstrated consistent industry leadership, evidenced by its #1 position in Ontario's licensed producer market and significant market share gains in Quebec, Alberta, and British Columbia. Recent launches such as Super Toast have rapidly gained national momentum in Canada, reinforcing Village Farms' market standing.
Village Farms continues to expand its footprint and market presence, consistently retaining dominant positions in various categories across multiple provinces. As of May 2024, the company is poised to expand further into Atlantic Canada, ensuring nationwide availability of its leading brands.
Village Farms International (NASDAQ: VFF) announced that CEO Michael DeGiglio will join a fireside chat at the BMO Global Farm to Market Conference in New York City on May 19, 2022, at 1:35 p.m. ET. A live webcast will be accessible on the company's website under the Investors section and will remain archived for 90 days. Village Farms operates as a major supplier in Controlled Environment Agriculture and is expanding into high-growth cannabis and CBD markets across North America and beyond.
Village Farms reported a 34% year-over-year revenue increase to $70.2 million for Q1 2022, yet faced a net loss of $6.5 million due to inflationary pressures affecting its produce business. The Canadian cannabis segment achieved a record 14 consecutive quarters of positive adjusted EBITDA, driven by Pure Sunfarms maintaining its status as the top-selling dried flower brand in key Canadian markets. The company is focused on leveraging its recent EU GMP certification to expand into international markets.
Village Farms International (NASDAQ: VFF) will host a conference call on May 10, 2022, at 8:30 a.m. ET to discuss its first quarter 2022 financial results. The company plans to release its financial results prior to the call at 7:00 a.m. ET. Interested participants can join the call via telephone or internet. A question and answer session will be limited to analysts, but others can submit questions via email. The call will be archived for replay.
Village Farms International (NASDAQ: VFF) announced participation by CEO Mandesh Dosanjh in a panel discussion on the Canadian cannabis market at the A.G.P. Alliance Global Partners Spring Cannabis Conference on May 3, 2022, at 10:00 AM ET. The event will be accessible via a live webcast on the company's website, with the presentation archived for 90 days. Village Farms, through its subsidiary Pure Sunfarms, is a major player in the cannabis industry and aims to leverage its greenhouse operations to expand in both the Canadian and U.S. markets.
Village Farms International (NASDAQ: VFF) announced that Chief Financial Officer Stephen Ruffini will participate in the 34th Annual ROTH Conference from March 13-15, 2022, in Orange County, California. He is scheduled for a One-on-One Fireside Chat on March 14 at 4:30 PM ET and a Panel Discussion on Cannabis Globalization on March 15 at 3:00 PM ET. The discussions will be available via live webcast on Village Farms' website and archived for 90 days.
Village Farms specializes in controlled environment agriculture and is a leading supplier in the cannabis market.
Village Farms International announced that its subsidiary, Pure Sunfarms, received EU GMP certification for its Delta 3 cannabis facility in British Columbia. This certification allows the company to export medical cannabis to EU markets, particularly targeting Germany, the largest medical cannabis market in the EU, with shipments expected to commence in Q3 2022. The certification is seen as a pivotal step in the company's strategy to expand its international cannabis platform and explore additional markets, including Israel.
Village Farms International reported its financial results for Q4 and the year ended December 31, 2021. The company achieved a 50% year-over-year increase in net sales to $120.8 million and a remarkable 89% rise in adjusted EBITDA to $29.3 million. This marks the 13th consecutive quarter of positive adjusted EBITDA, driven largely by its Canadian cannabis operations, particularly the top-selling Pure Sunfarms brand. The firm expects continued growth and profitability in 2022, bolstered by strategic acquisitions and expanding production capacity.
Village Farms International (VFF) will report its fourth quarter and year-end financial results on March 1, 2022, at 7:00 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results. Participants can access the call by dialing (416) 764-8659 or (888) 664-6392. The call will also be available online. Village Farms is a major player in Controlled Environment Agriculture and is noted for its cannabis operations, particularly through its subsidiary Pure Sunfarms. The company's growth strategies include entering the US high-THC cannabis market and targeting international cannabis opportunities.
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