Village Farms' Cost Discipline Pays Off: Can Margins Keep Improving?

Key Takeaways VFF delivered Q3 adjusted EBITDA of $20.7M, equal to 31% of sales, sharply higher year over year.VFF's Canadian cannabis gross margin rose to 56% from 26% on efficiency gains and a favorable export mix.Productivity, yield and packaging improvements lifted Canadian cannabis EBITDA 306% to $19.3M.Village Farms International’s (VFF) third-quarter 2025 performance highlights how sustained cost discipline and operational efficiency are generating stronger margins. The quarter reflected a continuati ...