VANCOUVER, British Columbia and ORLANDO, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) today announced it will host a conference call to discuss its second quarter 2024 financial results on Thursday, August 8, 2024, at 8:30 a.m. ET. Participants can access the conference call via a webcast at Village Farms Second Quarter 2024 Conference Call Webcast or on the company website at Village Farms - Events. Participants wanting to access ...

These issues will be a hot topic at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8- 9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the industry. Hear directly from top executives, investors, advocates, and policymakers. Get your tickets now before prices go up by following this link. Photo: AI-Generated Image. Despite the regulatory challenges, executives maintained a positive outlook for the company's growth both in Cana ...

I wrote about Village Farms (NASDAQ:VFF) at the end of April, explaining why I no longer included it in my model portfolio that I share with members of my investing group. Now, I hold a 15% position despite it not being a member of the index that I aim to beat. The company reported its Q1 in May, and today I discuss the financial results, the outlook, the chart and the valuation of the stock. Analysts had expected total revenue to be $72 million in Q1, with adjusted EBITDA of $2 million. Revenue was much hi ...

'Trials by Pure Sunfarms' is a grower-led initiative aimed at bringing consumers exclusive access to limitedrelease strains. Created by its expert cultivation team as part of the company's trialing process, each cultivar featured in Pure Sunfarms' Trials series is carefully selected for its unique expressions and special characteristics—such as aromas, colour, and bud structure. "We are committed to the art and science of cannabis cultivation. Our team of expert growers is constantly trialing, experimenting ...

DELTA, British Columbia, June 27, 2024 (GLOBE NEWSWIRE) -- Pure Sunfarms Corp. ("Pure Sunfarms"), a wholly owned subsidiary of Village Farms International, Inc. (Nasdaq: VFF), announces the launch of 'Trials by Pure Sunfarms', an innovative program aimed at offering consumers limited batch, 'Trial' cultivars for the first time. This program will be launching exclusively to consumers in Pure Sunfarms' home market of British Columbia ("B.C.") "We are committed to the art and science of cannabis cultivation. O ...

Village Farms International (NASDAQ:VFF) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Michael DeGiglio - President, Chief Executive Officer Stephen Ruffini - Executive Vice President, Chief Financial Officer Conference Call Participants Aaron Grey - Alliance Global Partners Eric Livshits - ATB Capital Markets Mike Regan - Excelsior Equities Eric Des Lauriers - Craig Hallum Capital Doug Cooper - Beacon Security Pablo Zuanic - Zuanic & Associates Nicholas Hatzis - Roth MKM Oper ...

Financial Performance - Total consolidated sales increased by 21% year-over-year to $78.1 million from $64.7 million[8] - Adjusted EBITDA improved six-fold to $3.6 million from $0.5 million, with a basic loss per share of ($0.03) compared to ($0.06) in the previous year[8][21] - Total sales for the three months ended March 31, 2024, were $78,077,000, a 20.7% increase from $64,656,000 in the same period in 2023[23] - Adjusted EBITDA for Q1 2024 was $3,591,000, compared to $519,000 in Q1 2023, reflecting a significant improvement in operational performance[26] - Net loss for Q1 2024 was $2,852,000, a decrease from a net loss of $6,636,000 in Q1 2023, indicating a narrowing of losses year-over-year[26] - The company reported a basic loss per share of $0.03 for Q1 2024, improved from a basic loss per share of $0.06 in Q1 2023[26] - Gross profit for Q1 2024 was $15,513,000, up from $12,300,000 in Q1 2023, reflecting a gross margin improvement[46] - Net loss attributable to Village Farms International, Inc. shareholders for Q1 2024 was $2,852,000, compared to a net loss of $6,636,000 in Q1 2023, indicating a reduction in losses[46] - The company reported a comprehensive loss attributable to Village Farms International, Inc. shareholders of $6,815,000 for Q1 2024, compared to $5,895,000 in Q1 2023[46] Sales Growth - Canadian cannabis retail net sales grew 28% year-over-year, reaching $37.4 million (C$50.5 million) with positive adjusted EBITDA and free cash flow[3] - Cannabis segment sales in Canada were $37,446,000 for Q1 2024, compared to $25,112,000 in Q1 2023, representing a 49.0% increase[23] - VF Fresh segment sales reached $36,094,000 in Q1 2024, up from $34,567,000 in Q1 2023, showing growth in the fresh produce market[23] - Non-branded (wholesale) cannabis sales surged by 181% year-over-year, while international (export) sales decreased by 13%[8] Operational Developments - The company is on track to start production in its first facility in the Netherlands in Q4 2024, targeting the European recreational cannabis market[3][13] - The Delta, British Columbia Renewable Natural Gas Project began operations in April 2024, contributing to incremental profitability[15] - The company launched Hi-Def Pre-Rolls with THC content between 36-44%, exceeding initial demand expectations[13] - The company plans to complete the internalization of gummy production by Q2 2024, supporting supply consistency and gross profit[13] - The company continues to focus on expanding its cannabis operations, particularly in the U.S. high-THC market, leveraging its greenhouse capabilities[33] - Village Farms holds a 70% interest in Rose LifeScience, enhancing its position in the cannabis commercialization sector in Québec[32] - The company is targeting international cannabis and CBD opportunities, with a focus on the Asia-Pacific region and Europe for medium- and long-term growth[34] Financial Position - Cash and cash equivalents at the end of Q1 2024 were $26,685,000, down from $30,291,000 at the end of 2023[43] - Total assets decreased to $458,439,000 as of March 31, 2024, from $466,989,000 at the end of 2023[43] - Total liabilities decreased to $146,023,000 as of March 31, 2024, from $148,048,000 at the end of 2023[44] - The company incurred $1,876,000 in capital expenditures during Q1 2024, compared to $1,076,000 in Q1 2023[48] - The weighted average number of common shares used in the computation of net loss per share was 110,249,000 for Q1 2024, compared to 104,097,000 for Q1 2023[46] - The company experienced a foreign currency translation adjustment loss of $4,251,000 in Q1 2024, compared to a gain of $862,000 in Q1 2023[46] Company Recognition - Village Farms ranked as one of the fastest growing companies in the Americas, improving its overall ranking by 72 positions from the previous year[18] Future Outlook - Management will host a conference call on May 8, 2024, to discuss the financial results and future strategies, inviting analysts to participate[28]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended March 31, 2024 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from to Commission File Number 001-38783 VILLAGE FARMS INTERNATIONAL, INC. (Exact name of Registrant as Specified in its Charter) (State or other Jurisdiction of Inc ...

Village Farms International Inc. (NASDAQ:VFF) Q4 2023 Earnings Conference Call March 13, 2024 8:30 AM ET Company Participants Michael DeGiglio - President, Chief Executive Officer Stephen Ruffini - Executive Vice President, Chief Financial Officer Ann Gillin Lefever - Executive Vice President, Corporate Affairs Conference Call Participants Eric Des Lauriers - Craig Hallum Capital Mike Regan - Excelsior Equities Aaron Grey - Alliance Global Partners Pablo Zuanic - Zuanic & Associates Eric Livshits - ATB Capi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38783 VILLAGE FARMS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Ontario 98-1007671 (I.R ...