Village Farms International Inc VFF

Consumer Defensive Farm Products

Village Farms International, Inc. is a vertically integrated supplier for plant-based consumer packaged goods in the cannabis and cannabidiol (CBD) categories in North America, the Netherlands and selected markets internationally. The Company’s segments include Produce, Cannabis-Canada, Cannabis-United States and Energy. The Produce segment produces, markets, and sells 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 high-quality, CBD-based health and wellness products including ingestible, edible and topical applications. The Energy business receives a royalty from a renewable natural gas facility that is located at the Company's Delta facility. The Company's subsidiaries include Pure Sunfarms Corp., Balanced Health Botanicals, LLC and others.

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Village Farms International Inc

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Post by retiredcfon Nov 15, 2021 6:42am

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Post# 34126063

Another Earnings Reaction

EPS of $0.01 beat estimates of ($0.018) and revenue of $72.45M beat estimates of $68.74M. The company has shown some solid growth over the last several quarters and is posting a small profit. The company is expected to be fully profitable next year and sales are expected to grow by 42%. The valuation is pretty cheap here, and its balance sheet is OK. We would hold VFF here as although sales growth has been excellent, we would like to see more consistent progress on the profitability side. That said, we think this is one to watch in the cannabis industry though.

So said the team at 5iResearch who have never been particularly fond of the MJ sector. GLTA