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Village Farms International Inc VFF

Village Farms International, Inc. is a vertically integrated supplier of plant-based consumer packaged goods in the cannabis and cannabidiol (CBD) categories in North America and selected markets internationally. The Company’s segments include Produce, Cannabis Canada, Cannabis United States and Energy. The Produce segment produces, markets, and sells quality tomatoes, bell peppers and cucumbers. The Cannabis Canada segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. The Cannabis United States segment develops and sells CBD-based health and wellness products, including ingestible, edible and topical applications. The Energy segment produces power that it sells per a long-term contract to its customers. Its subsidiaries include Village Farms Canada LP, Village Farms LP, Pure Sunfarms Corp, Balanced Health Botanicals, LLC, and Rose LifeScience Inc.


NDAQ:VFF - Post by User

Post by Lazorsharpon Feb 12, 2020 11:55pm
155 Views
Post# 30683441

U.s. gaap accounting starts Jan 1 2020

U.s. gaap accounting starts Jan 1 2020Vff will not start using " U.S. GAAP ACCOUNTING " until January 1 2020 when VFF reports under the NASDAQ SEC because of the 60% foreign ownership vff is required, which is good news for vff stock holders as we no longer have to account for that biological assets, which cost vff in q3 2019 a $12 million liability, otherwise vff would have had a eps of plus $0.12, instead vff reported a eps of minus - $0.10.
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