|Bid||17.69 x 0|
|Ask||17.67 x 0|
|Day's Range||17.55 - 18.59|
|52 Week Range||3.98 - 24.25|
|Beta (3Y Monthly)||5.23|
|PE Ratio (TTM)||242.74|
|Earnings Date||Mar 23, 2017 - Mar 24, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.61|
NASDAQ:VFF) today announced it has entered into an agreement with Arkansas Valley Hemp, LLC ("AV Hemp") to form a joint venture for the outdoor cultivation of high-cannabidiol (CBD) hemp and CBD extraction in Colorado. The joint venture, Arkansas Valley Green and Gold Hemp LLC ("Arkansas Valley Green and Gold"), will be 60%-owned by Village Farms, 35%-owned by AV Hemp, and 5%-owned by Village Fields Hemp (Village Farms' 65%- owned joint venture for hemp cultivation and CBD extraction in the U.S. states other than Colorado). Based in the Arkansas Valley of Colorado, AV Hemp was established by the founder of one of Colorado's largest licensed outdoor cannabis growing operations and real estate developer, specifically to capitalize on the significant opportunity in hemp-derived CBD. Arkansas Valley Green and Gold is targeting to be in production on approximately 120 acres in the Arkansas Valley in 2019, increasing Village Farms total planned hemp production area for its two hemp joint ventures for 2019 to more than 920 acres (for all of which adequate quantities of hemp seed has already been purchased). Arkansas Valley Green and Gold plans to expand to as much as 500 acres in 2020.
NASDAQ:VFF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has received a Standard Processing License from Health Canada for its 1.1 million square foot Delta 3 greenhouse facility (the "Processing License"). The Processing License permits Pure Sunfarms to extract and process cannabis at the Delta 3 facility, which will enable the development and manufacture of products derived from the cannabis plant, including cannabis oil, as well as concentrates and edibles. Pure Sunfarms will require an additional amendment to its sales license to sell cannabis oil, which it expects to be distributing to provincial/territorial distributors and private retailers by the fourth quarter of this year.
VANCOUVER, May 16, 2019 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (VFF) (VFF) applauds the passage yesterday by a unanimous vote of House Bill 1325 ("HB 1325" or "the Bill") today by the Texas State Senate. HB 1325 is a bi-partisan bill that, if passed into law, will establish a Texas Hemp Program, providing a regulatory and licensing framework for the cultivation and processing of hemp, as well as for products made from hemp, including cannabidiol (CBD). On April 24, 2019, HB 1325 was unanimously passed by the Texas State House of Representatives.
Despite a nearly 15% post-earnings pop, there's little substance in this marijuana stock's latest operating results.
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Village Farms International Reports First Quarter 2019 Results - Canadian Cannabis Joint Venture, Pure Sunfarms, Achieves Second Consecutive Quarter of Profitability
VANCOUVER, May 7, 2019 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (VFF) (VFF) today announced Michael DeGiglio, Chief Executive Officer, will present at Canaccord Genuity's 3rd Annual Cannabis Conference on Tuesday, May 14, 2019 at the Grand Hyatt New York in New York City at 12:20 p.m. ET. Village Farms' presentation will be available via a live webcast at http://wsw.com/webcast/canaccord34/vff/. Mr. DeGiglio and Village Farms' Chief Financial Officer, Stephen Ruffini, are also available for one-on-one meetings at the conference.
HOUSTON, TX / ACCESSWIRE / April 30, 2019 / The cannabis market is gaining significant traction. President Trump signed the 2018 Farm Bill into law. In addition, nearly 7% of Americans currently use CBD, according to Cowen & Co. analysts.
Corporate America is just beginning to invest in it, including retailers, alcohol companies, health, wellness and beauty. President Trump signed the Farm Bill into law. For example, Arcview Research and BDS Analytics forecast 38% global growth in 2019 to $16.9 billion.
VANCOUVER, April 24, 2019 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (VFF) (VFF) applauds the passage of House Bill 1325 ("HB 1325") today by the Texas State House of Representatives. HB 1325 is a bi-partisan bill that, if passed into law, will establish a Texas Hemp Program, providing a regulatory and licensing framework for the cultivation and processing of hemp, as well as for products made from hemp, including cannabidiol (CBD). HB 1325 will now proceed to the Texas Senate, where, if passed out of Committee after a hearing, it will be voted upon on the Senate floor. "We are encouraged by this positive step towards potentially establishing a legal hemp program in the State of Texas, which will enable Village Farms to leverage its extensive, large-scale greenhouse operations and 30 years of experience as a vertically integrated produce grower for both greenhouse and outdoor hemp production in Texas," said Michael DeGiglio, Chief Executive Officer, Village Farms.