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Village Farms International, Inc. (VFF.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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13.00+0.57 (+4.59%)
At close: 3:59PM EST
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  • A
    Anonymouse
    Village Farms' subsidiary inks supply agreement with Medical Cannabis by Shoppers
    Nov. 25, 2020 7:45 AM ETVillage Farms International, Inc. (VFF)By: Niloofer Shaikh, SA News Editor1 Comment
    As per the supply agreement, Pure Sunfarms, a wholly owned Canadian cannabis subsidiary of Village Farms International (NASDAQ:VFF) to supply a range of its branded, high quality, B.C.-grown cannabis products to the customers of Medical Cannabis by Shoppers Inc., a subsidiary of Shoppers Drug Mart.
    Pure Sunfarms expects selected dried flower products to be available for sale on the Medical Cannabis by Shoppers ecommerce portal nationally as early as next month and selected pre-roll, bottled oil and vape products to be available in early 2021.
    Pure Sunfarms' 28-gram (1-ounce) package offering will be the first large-format cannabis offering listed by Medical Cannabis by Shoppers.
  • B
    Big Bee
    What great news this supply agreement with Shoppers Drug Mart giving PSF large entry to medical cannabis customers. Flower prices on Shopper's online marketplace start at $7-$8/gram vs the $4.20/gram on OCS. VFF won't be competing against the BM in this arena, just the other LPs who've been padding their margins in medical mj. I just heard cries of "oh, no" from Smith Falls, Leamington, Edmonton, Nanaimo, et al. I expect PSF will undercut the other LP's but not so severely as in rec market, which should result in higher margins, and this deal will continue PSF's expansion of market share.
  • D
    Distant Drummer
    Shorting goes up again…..???
    I know a nominal amount of shorts are healthy for a thin stock with minimal volume like VFF but we have been burdened for years by an inordinate number of both professional and small day-traders who consistently trade this stock from the short side. I am not a psychiatrist or even in the medical profession but I defy a rational explanation of the steady increase in shorts during this recent period of strong, fundamental events announced in the press and widely available … unless a financing is in the wind or lay-off of a large position…..and that is not always bad….. IMHO……. Distant Drummer
    Latest exchange numbers:
    TSE
    16 Nov 2020 3,173,840
    01 Nov 2020. 1,808,781
    15 Oct 2020. 1,144,170
    01 0ct 2020. 1,513,238
    NASDAQ
    13 Nov 2020. 7,352,795
    10/30/2020 6,433,587
    1015/2020. 5,852,965
    10/01/2020. 6,026,431
    9/15/2020. 5,115,826
  • a
    alex
    Been watching this company for about 7 months, today's news got me sold. I'm in and I'm in for the long haul, greetings all
  • R
    Robert
    When recreational marijuana went legal in 2018, I used an analogy likening it to a horse race. Canopy Growth, Aurora Cannabis and TilRay Inc. all came out of the gates like their hair was on fire. They continued their pumping and promises and have failed miserably. While still maintaining the favorite son status. All have continued to be over priced, over blown and not a place anyone should invest.... just saying.........we are now entering the first turn, who can increase revenues, who can make a profit, who can compete...... my money is on Village Farms and Aphria...... I’m long because I see these two as the best in class when it comes to the Canadian MJ sector.... again just saying...............
  • A
    Amenadiel Angel
    Not even at a market cap of 1 billion. This company sp will be double what it is now within a few months.
    Bullish
  • R
    Robert
    Village Farms market cap is $765/M.
    Canopy Growths market cap is 10/B.
    In 2 years Village Farms market cap will be over 10/B and Canopy Growths will be under $10/B....
    Just saying...........
  • B
    Big Bee
    Even after all VFF's recent gain towards fair value, what's wrong with this picture?
    Ticker Market Cap
    CGC 8.9B
    CRON 2.6B
    APHA 1.8B
    ACB 1.3B
    TLRY 0.9B
    VFF 0.6B

    Hint: Only one's cannabis business has had 7 consecutive profitable quarters, net sales increase of 75% last quarter, lowest all-in production cost in sector by a long way, is top selling brand on OCS, recently started up state-of-art extraction equipment which will drive up gross margins, 2.0 products finally hitting top and bottom lines this quarter, has other LPs buying wholesale from them now because its cheaper than growing themselves, introduction of sales in Hong Kong, cash flow positive, decreasing inventory due to smart management of growing, a 2nd co-located greenhouse ready to meet demand when needed, operates its Canadian greenhouses off of cheap landfill gas, has huge solar-powered greenhouses in Texas just waiting to be converted over to cannabis upon US legalization, etc.

    Answer: VFF
  • S
    Shaker & Mover
    This is a shaker and mover today! We’re going to be rich. GO VFF!

    This Pot Stock Could Be a Millionaire Maker
    Stephanie Bedard-Chateauneuf, MBA November 22, 2020

    When you think about pot stocks, you probably think about Canopy Growth, Aurora Cannabis, or Aphria, three big players in the cannabis industry. But there are smaller pot stocks worth considering. Village Farms International (TSX:VFF)(NASDAQ:VFF) is one of them. This non-pure-play pot stock could be a millionaire maker.

    Village Farms was first a greenhouse operator

    Created in 1989, Village Farms International was initially a greenhouse operator producing tomatoes, peppers, and cucumbers. In 2017, the company formed a joint venture with Emerald Health Therapeutics for large-scale cannabis production. The joint venture, named Pure Sunfarms Corp., has grown into one of the largest vertically integrated cannabis producers in Canada.

    In 2019, Pure Sunfarms’ 1.1 million square foot Delta 3 plant in the Canadian province of British Columbia produced approximately 50,000 kilograms of pot.

    The legal cannabis industry is still at an early stage. It’s common for cannabis producers to experience losses quarter after quarter. Pure Sunfarms, on the other hand, is one of the very few profitable licensed Canadian cannabis producers.

    In fact, the third quarter of 2020 marked the seventh consecutive quarter of positive net income for the company and the eighth consecutive quarter of positive adjusted income before interest, taxes, depreciation, and amortization (EBITDA). Compared to the second quarter of 2020, net income increased 200% to $3.2 million and Adjusted EBITDA increased 125% to $5.6 million.

    Net sales increased 75% from the second quarter of 2020 to $22.6 million. Pure Sunfarms achieved a 15.2% brand market share in the dried flower category (in kilograms sold) in October 2020 with Ontario Cannabis Store.

    Village Farms now owns 100% of Pure Sunfarms

    On November 2, 2020 (after quarter end), Village Farms acquired all of the issued and outstanding shares of Pure Sunfarms resulting in the company now owning 100% of Pure Sunfarms. Management has stated that the transaction will be immediately accretive to the net income of Village Farms.

    And all of this is happening at a time when Pure Sunfarms is tapping into the Cannabis 2.0 market, which includes derivative products like edibles, vapes, and infused drinks.

    On September 23, Village Farms International Inc announced that Pure Sunfarms had launched vaping and oil products in Ontario, British Columbia, and Alberta.

    A week later, Village Farms announced that Pure Sunfarms had received approval from Health Canada to begin cannabis extraction operations. This means that the pot producer can start in-house extraction operations for its recently launched vaping and oil products, as well as any additional derivatives it has in pipelines.

    The pot stock ranks number 13 in the TSX30

    Village Farms announced on September 15 that it has ranked as the 13th top-performing company in this year’s TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted stock price appreciation. This is the second year in a row that Village Farms has ranked among the TSX30. The pot stock ranked third last year.

    Like many pot stocks, Village Farms saw its stock crash during the market selloff earlier this year. While the pot stock is now out of its March lows, it has yet to fully recover.

    For investors who want to participate in the burgeoning cannabis industry, this greenhouse operator – which now has a major cannabis producer as a wholly-owned subsidiary – deserves serious consideration.
  • t
    thomas
    I see the analyst price targets have increased. High now 25.99
  • A
    Amper
    this is a pot company that has positive net earnings for consecutive quarters. looks like vff has a plan. slowly but surely. solid! I'm in!!
  • S
    Shaker & Mover
    Well, VFF shareholders has wanted this company to get into the french quarter of Canada, with the Shoppers deal, this allows them in. Not the tsunami that will come to VFF once Texas eventually gets going, but it's a start.
  • c
    cam
    Awesome news...

    Village Farms International's Pure Sunfarms Enters into Supply Agreement with Medical Cannabis by Shoppers Inc.

    Largest RX in CA!
    Bullish
  • s
    s
    More good news out this morning, VFF makes huge move into medical in agreement with canadas largest medical canabis supplier.
  • T
    Trader
    I am almost back to break even! I'm a long term holder from 11+. It's been tough hanging on at a loss as long as I have, but glad I did. Looking forward to what the next year brings.
  • T
    Todd
    Hey all......Here is the good news......if you find yourself a little frustrated will the shorts.....Since VFF dump EMH on Nov 2 the stock gone from $6.37 on Nov 2 and closed today at $13.00, that's just over a 100% gain in 1 month, stay long stay thirsty my friends.
  • B
    Bagazo
    Every time it tries to drop it can’t, the upward force is strong in this Jedi
  • N
    Neil
    #VillageFarms | #NASDAQ: $VFF is up 50%+ in just Two Weeks! #TradingView #LearnToTrade #WinnerUpdate

    #YouTube Link >> https://www.youtube.com/watch?v=LwpNn4GX-EI
    #VillageFarms | #NASDAQ: $VFF is up 50%+ in just Two Weeks! #TradingView #LearnToTrade #WinnerUpdate
    www.youtube.com
    Bullish
  • J
    Jpow
    Does anyone think this is a good buy as of right now? Or let it dip from these gains?
    Neutral
  • O
    Oregon flowers
    wonderful short squeeze. margin calls going out to shorties right now. hold your shares make shorties pay up to exit the trade.
    Bullish