Market MoversOn the Rise Village Farms International Inc. rose after announcing before the bell it will be added to the S&P/TSX Composite Index in the Consumer Staples sector prior to the start of trading on March 22.
“Our addition to the benchmark stock index for the TSX, on which Village Farms has been listed since 2006, is another proud milestone for Village Farms, and a reflection of the significant value we are creating for shareholders as we leverage our decades of experience as one of North America’s largest vertically integrated controlled environment produce suppliers for the high-growth cannabis opportunity in Canada, and internationally, including the U.S. and other large potential markets,” said CEO Michael DeGiglio.