Village Farms International Reports Record Cannabis Revenue and Q3 Profitability
Village Farms International (VFF) reported strong third-quarter results, highlighted by record cannabis revenues of $55 million. The company's consolidated net sales reached $67 million, representing a 5% sequential increase, while achieving a net income of $10 million, or $0.08 per share. International markets played a significant role in the company's growth, accounting for approximately 43% of total cannabis sales. Looking forward, management is focused on scaling production, specifically targeting a full 40 metric ton annual run rate for its Delta 2 facility by mid-next year.
Tickers: $VFF
Topics: cannabis revenue international sales net income quarterly earnings
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Part of the story Village Farms International, Inc. - 10-Q Filing (4 articles)