|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||12.33 - 12.80|
|52 Week Range||8.50 - 18.10|
|Beta (3Y Monthly)||3.62|
|PE Ratio (TTM)||40.54|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
For his "Executive Decision" segment of Mad Money Wednesday night, Jim Cramer spoke with Michael Degiglio, CEO of Village Farms Int'l , the Canadian cannabis grower that just posted earnings that included 27% sales growth. Degiglio said that Village Farms has 30 years of experience with precision agriculture, which made the transition to cannabis an easy one. In this daily bar chart of VFF, below, we can see a consolidation pattern from last August to January and then prices turned sharply higher with VFF rallying from the $4-$3 area to the $17-$18 area before correcting over several months to the $9 area and the rising 200-day moving average line.
Only a few short months ago, Citron Research claimed Village Farms International (VFF) was a fraud. Now, the stock is one of the best performing and most profitable in the cannabis sector following strong Q2 results. The quarterly results could have huge ramifications for the Canadian cannabis sector.Greenhouse Conversions Instead of building large new facilities, Village Farms partnered with Emerald Health Therapeutics (EMHTF) to convert existing greenhouses growing vegetables into cannabis. The quick and low-cost conversion positions the Pure Sunfarms JV to become a low-cost producer in the sector.The partnership was only formed at the end of 2018 and Pure Sunfarms has already converted a 1.1 million square foot greenhouse in Delta, BC into full production of 75,000 kg of dried cannabis. The JV is in the process of converting another 1.1 million square foot facility in the same location to produce another 75,000 kg of cannabis by the end of 2020.Pure Sunfarms will produce 150,000 kg of dried cannabis with Village Farms owning 50% of the product or the equivalent of 75,000 kg. In almost no time, the initial facility has already reduced the full cost to produce a gram of cannabis to C$0.65.These low costs are a problem for the likes of Aurora Cannabis (ACB) and Canopy Growth (CGC). The large producers built shiny new facilities with the plans of reducing production costs to below C$1.00 per gram and this JV has already undercut this goal. Other players such as Zenabis Global (ZBISF) are entering the market with a similar goal of converting greenhouses to grow cannabis.Stock OverviewVillage Farms is an interesting stock considering the Citron Research call. The stock has a market valuation below $700 million while revenues reached $53.5 million in Q2 and cannabis EBITDA topped over $9 million.The company is difficult to value considering the majority of revenues still come from growing produce. The upside comes from the Pure Sunfarms JV that only produced 8,000 kg in the last quarter.In the next few quarters, the JV will double the sales of cannabis with the potential of growing the sales price per gram above $3.00. The Q2 cannabis sales of $12 million will quickly double to $24 million and surge above $33 million on a price increase to just $3.50 per gram.All of these estimates don’t even include the CBD business with JVs in Colorado and three Eastern states plus the conversion of a facility in Texas. The company has a clear path to 2020 cannabis sales of at least $300 million, if not more depending on how CBD sales go. The big question remaining on how far Village Farms moves beyond selling CBD biomass and wholesale oil to premium products.In the shadow of the 20% gain we’ve seen this month, Roth Capital analyst Scott Fortune has reiterated a Buy rating on Village Farms stock with a $25 price target, noting, "With the next two quarters seasonably strong, we recommend shares at these levels." (To watch Fortune's track record, click here)TakeawayThe key investor takeaway is that Village Farms continues to produce exceptional operational results. The company is quickly moving beyond the questioned JV with Emerald Health and is now one of the most profitable cannabis producers without the hype.Investors might be cautioned to wait for the next negative call from Citron Research before buying Village Farms after the recent rally.See VFF's price targets and analyst ratings on TipRanks
Stocks bolted higher shortly after Tuesday's open, with Apple driving the Dow Jones Index, as the U.S. slightly softened its stance on tariffs due to take effect in September.
VANCOUVER , Aug. 12, 2019 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (TSX: VFF) (NASDAQ: VFF) today announced its financial results for the ...
-- Company to Report its Second 2019 Financial Results Via News Release on Monday, August 12, 2019 at Approximately 5:00 p.m. ET -- VANCOUVER , Aug. 6, 2019 /PRNewswire/ - Village Farms International, ...
British Columbia-based Village Farms International plans a centralized CBD extraction operation based in Georgia.
The business continues to churn forward as the company announced it has achieved a full run-rate production of 75K kg at its Delta 3 greenhouse.
NASDAQ:VFF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has, on schedule, achieved full run-rate production of 75,000 kilograms of dried cannabis annually at its 1.1 million square foot Delta 3 greenhouse in Delta, B.C. "With the benefit of Village Farms' 30-plus year track record of successfully developing and operating large-scale greenhouse facilities, Pure Sunfarms' ramp up to full production of premium, B.C.-grown cannabis has proceeded exceedingly well, and at a remarkable pace," said Michael DeGiglio, CEO Village Farms.
The stock market got off to a lower start on Monday, continuing what the market seemed to have been trying to do on Friday before a late-afternoon rally saved the day. That's as investors prepare for Federal Reserve Chairman Jerome Powell's Monetary Policy Report to Congress as well. Let's look at a few top stock trades to start the week. Top Stock Trades for Tomorrow No. 1: Pinterest Click to Enlarge This was disappointing action for the bulls. Pinterest (NYSE:PINS) stock initially rallied toward $28 on the day, giving investors hope that the stock was on the verge of a big-time breakout.Instead, the stock pulled an intraday reversal, giving up all of its gains and actually falling almost 2% at one point.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShort of a late-day recovery, PINS also gave up its 8-day, 20-day and 50-day moving averages. A move below wedge support (blue line) could spell trouble. A rally back above its major moving averages could send the stock up toward wedge resistance and give hope of another breakout. Top Stock Trades for Tomorrow No. 2: Deutsche Bank Click to Enlarge Shares of Deutsche Bank (NYSE:DB) are down 6% on Monday, after the company announced a massive restructuring plan. The bad news? DB lost the $7.95 to $8 level, which I viewed as quite notable.On the plus side, the 50-day moving average is acting as support, while uptrend support and the 20-day moving average are just below.A move below the 20-day and 50-day moving averages puts the June lows back on the table. On a rally, I want to see if DB can reclaim $8 or if this level acts as resistance. Top Stock Trades for Tomorrow No. 3: Advanced Micro Devices Click to Enlarge Advanced Micro Devices (NASDAQ:AMD) is showing excellent relative strength on Monday, rallying over 1.5% in the face of a market-wide decline. It's not surprising though.AMD stock has been trading well lately, rallying higher last week and consolidating its gains. With its move over $32, I want to see AMD maintain above last week's high. If it does, it puts $32.50 and higher on the table, and if the rally can really take hold, new highs are a possibility.A move below uptrend support and the 20-day moving average at $30.50 would be very disappointing and force investors to give AMD more time to set up. Top Stock Trades for Tomorrow No. 4: Twilio Click to Enlarge Twilio (NYSE:TWLO) quietly tacked on a 3% rally on Monday, raising the question of whether a big breakout is on the way.Shares pushed through $142, putting $145 resistance on watch. Above that level and the $151 highs are the table. You'll notice that TWLO stock has had very healthy price action. It has put in a series of higher lows, while slowly but surely pushing through various resistance marks.In this case, losing the 20-day moving average would raise my awareness, but I would not be alarmed until TWLO stock closed below the 50-day. The way its MACD reading (blue circle) is turning also has me feeling that a larger move higher could take place. Top Stock Trades for Tomorrow No. 5: Village Farms Click to Enlarge This volatile cannabis stock has been on my radar lately, as Village Farms (NASDAQ:VFF) continues to hold up over $11-ish support.I do not like a stock that has a declining trend running into a static level of support. Generally, that has me watching for a break below support for a shorting opportunity. The opposite is true for bullish situations, like Twilio.With short-term downtrend resistance (purple line) squeezing it lower, aggressive bears may be tempted to take a short position with a limited risk/reward. More conservative bears may opt to wait for a rally up toward the 50-day moving average and longer term downtrend resistance (blue line) before opening a short position. Or they may opt to wait and see if $11 support breaks.One thing is clear: Below $11 is trouble for longs, while a rally north of $12.26 is trouble for the bears, as a breakout could trigger.This one is too volatile for my blood, and I'll opt to watch from the sidelines. But it's a good chart to learn from, at least.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMD and PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post 5 Top Stock Trades for Tuesday: PINS, DB, AMD appeared first on InvestorPlace.
Zacks.com featured highlights include: Napco Security Technologies, iQIYI, Village Farms International, Plantronics and Aerojet Rocketdyne
These cannabis stocks racked up gains of at least 60% in the first half of 2019. Which ones are most likely to keep the momentum going?
Medicare for all may not be just a Democratic talking point as the 2020 campaign kicks into high gear. It could also “dramatically” increase access to medical marijuana, according to Nicholas Vita, CEO of cannabis company Columbia Care.
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