May 08, 2024 - by Ashlee Vogenthaler

No Seeds, No Stems, No Sticks. Just Green for Village Farms as They Blaze Through Year- Over-Year Metrics on Earnings

08 May 2024

New York, May 08, 2024 - PRISM MarketView - The agricultural greenhouse operator Village Farms International (VFF) announced first quarter financials today, before the open. Q1 EPS ($0.03) vs FactSet ($0.02) but beat on revenue $78.1M vs FactSet $71.4M as well as adjusted EBITDA $3.6M vs FactSet $1.8M.

Village Farms International - Prism MarketView

Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in

Village Farms International Reports Strong Q1/24 Results

Total Sales Grow 21%, Net Loss Per Share Improves to ($0.03), Adjusted EBITDA Increases Six-Fold to $3.6 MillionCanadian Cannabis Retail Net Sales Grow 28% Organically Year-Over-Year, with Positive Adjusted EBITDA and Positive Free Cash FlowCanadian Cannabis Expands Number 2 National Market Share Position1Fresh Produce Delivers Profitability on Higher Year-Over-Year Sales and Improved EBITDA Margin VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“

Many positive year-over-year metric improvements were cited as revenues were up 21%, net loss improved by $3.7M ($2.9M from $6.6M), EPS increased $0.03, and adjusted EBITDA increased significantly from $0.5M to $3.6M. The Canadian cannabis segment also grew as sales rose 49% and its fresh produce operations sales increased by 4%. However, its US cannabis operations experienced a net loss of $0.7M. Management noted the company is “on target” to start production in the Netherlands this year as it holds one of 10 licenses permitting it to legally produce and distribute recreational cannabis in the country.

The stock is modestly up ~3% on the report and has come slightly under pressure over the past month, trading down ~3%. However, semi-long-term returns are still high and dazing investors as YTD returns are up 63%. PRISM MarketView has previously featured this PRISM Cannabis Index company on its recent successes. As the year progresses, investors are hoping their shares do not go up in smoke. However, with catalysts on the horizon, it will be a name to watch as Canadian tax legislation continues to swirl and Village Farms starts production in the Netherlands.

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It Takes More Than a Village to Raise a Successful Company: Village Farms (VFF) Continues to Gain National Share, up 71% YTD. - Prism MarketView

The Canadian cannabis company Village Farms International, Inc. (VFF) has returned 71% YTD, is up 26% in the past month and has returned 78% over the past year.

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