Village Farms Reports Record Cannabis Revenue in Q3 2026

Village Farms International (VFF) reported strong third-quarter results for 2026, highlighted by record cannabis segment revenue of $55.0 million, a 3% increase year-over-year. Consolidated net sales rose 5% sequentially to $66.9 million, supported by a significant 75% surge in international export sales driven by European demand. The company achieved a net income of $9.9 million ($0.08 per share) and an adjusted EBITDA of $18.2 million, representing a 27% margin. While cannabis performance was strong, the company faced headwinds in its Canadian branded and non-branded segments due to lower value brand volumes and softer wholesale trim markets. Additionally, U.S. cannabis revenue remained low at $2.8 million amid regulatory challenges from unregulated hemp products. Looking forward, Village Farms is focusing on capacity expansion through its Delta 2 facility and the Monahans greenhouse in Texas. Management noted that while international sales saw growth this quarter, seasonal volatility in European orders and fluctuations in trim pricing remain key risk factors for upcoming quarters.

6 articles from 2 sources · updated

Coverage