Core Viewpoint - The Canadian marijuana industry is experiencing growth and profitability despite challenges in the public sector, with top legal operators showing success that has not yet fully reflected in stock prices [2][3]. Industry Overview - The cannabis industry is undergoing constant shifts, making accurate trading forecasts challenging. The performance of one company often influences others in the sector [1]. - There is speculation about potential federal reforms that could solidify the industry in the upcoming year, prompting investors to strategize for future gains [3]. Company Highlights Tilray Brands, Inc. - Tilray Brands is involved in the research, cultivation, processing, and distribution of medical cannabis products across multiple regions including Canada, the U.S., and Europe [4]. - The company has expressed strong support for forward-looking regulations in the hemp industry, criticizing recent provisions in U.S. government funding bills as misguided [5]. Canopy Growth Corporation - Canopy Growth engages in the production, distribution, and sale of cannabis and related products in Canada, Germany, and Australia [6]. - The company reported its Q2 2026 fiscal earnings, indicating ongoing operations in the cannabis sector [8]. Village Farms International, Inc. - Village Farms produces and distributes greenhouse-grown vegetables and has reported record financials for Q3 2025 [10]. - The company achieved consolidated net revenue of $67 million in Q2 FY2026, marking a 6% increase, with cannabis net revenue reaching $51 million, a 12% increase compared to Q2 FY2025 [12]. Financial Performance - Consolidated net sales for a company increased by 21% year-over-year to $66.7 million, with international export sales surging by 758% [13]. - The consolidated net income from continuing operations was $10.8 million, or $0.09 per share, showing growth both year-over-year and sequentially [13]. - The company reported a consolidated adjusted EBITDA of $20.2 million, representing 30.3% of sales, alongside an operating cash flow of $24.4 million [13].