Village Farms International, Inc. (NASDAQ: VFF) is a prominent player in the controlled environment agriculture sector, focusing on high-value, plant-based consumer packaged goods. As of February 26, 2025, VFF’s stock is trading at $0.7259, reflecting a slight decrease of 2.84% from the previous close.
Upcoming Financial Disclosure
The company has announced that it will release its fourth quarter and full-year 2024 financial results on March 13, 2025, at 7:00 a.m. ET. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. Stakeholders can access the webcast through the company’s official website.
Q3 2024 Performance Highlights
In the third quarter of 2024, Village Farms reported a 20% year-over-year increase in consolidated sales, amounting to $83.4 million. This growth was primarily driven by a 27% surge in Canadian cannabis sales, with the company securing a leading market share in Quebec. Additionally, the fresh produce segment experienced a 20% sales increase, returning to positive adjusted EBITDA. International cannabis sales also expanded, with exports growing by 111%, notably to markets in Germany, Australia, and the United Kingdom.
Strategic Developments
Village Farms continues to strengthen its leadership team, appointing Ann Gillin Lefever as Executive Vice President of Corporate Affairs in January 2025. This move aims to enhance the company’s corporate strategy and capital markets engagement.
Market Outlook
Despite recent stock fluctuations, Village Farms’ diversified portfolio and strategic initiatives position it well for future growth. The upcoming financial disclosures will provide further insights into the company’s performance and trajectory in the evolving cannabis and produce markets.