|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||10.43 - 11.67|
|52 Week Range||8.50 - 18.10|
|Beta (3Y Monthly)||3.69|
|PE Ratio (TTM)||146.44|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
Cannabis stocks rose Thursday, led by Aleafia Health Inc., which rallied after announcing the closure of a $40. 25 million convertible debt offering that will bolster its balance sheet and help grow its business.
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...
CBD-rich hemp could be a high-growth stepping stone into the U.S. for these half-dozen Canadian cannabis stocks.
NASDAQ:VFF) today announced that the Company will participate in the 5th Annual ROTH London Conference, which will be held June 17-19, 2019 at the Ritz Carlton in London, UK. The format of the conference is one-on-one meetings only, however, Village Farms' Chief Financial Officer. Stephen Ruffini, will participate in a featured panel on June 18, 2019 to discuss Cannabinoids: Global Legalization and Trends.
Village Farms International (VFF) has rapidly changed the narrative and outlook for the company after one financial outlet called for it to plummet to $1 per share.While it has faced some significant headwinds over the last year or so, the company has emerged from them with a solid growth plan in place, with the bulk of it being in relationship to cannabis and CBD.The company is rapidly retrofitting existing greenhouses to meet the fast-growing demand for pot and CBD, and is poised to continuing growing at a rapid pace.Why its strategy to grow quickly is the right oneWhat Village Farms has going for it on the production side of the business is its existing large square footage in its greenhouses from growing vegetables. In West Texas alone it has 5.7 million square feet in greenhouse facilities it is retrofitting to grow marijuana in.At this stage of the game, I believe that's the correct strategy to use, otherwise the cannabis market would rapidly outpace the company because of it entering the market later than many of its competitors.I also like the fact it's not satisfied in growing its production capacity modestly, but is committed to growing it significantly. I think the smaller producers are going to struggle to survive once the initial stage of low-margin recreational pot has matured. They'll either go out of business, get acquired by larger competitors looking for more supply, or stagnate in growth, managing, at best, to retain their current sales.Even with its growth potential, on the cannabis side of the business it will take until 2021 before it's able to achieve an estimated 150,000 kilograms in production. Its larger competitors are already at or beyond that production level, or will reach it by the end of 2019. As of today, the company will be able to produce about 75,000 kilograms annually through 2021, before it completes its Delta 2 greenhouse.While the capacity at these greenhouses, based upon approximately a combined 2.1 million square feet, won't match the efficiency of many of its competitors, I don't see that as being a problem if it manages to keep its costs low, which appears it will be able to.Its challenge and the uncertainty on the cannabis side of the business is what the market will be like once it finally reaches 150,000 kilograms in production. How much of the market will be fully supplied is the issue there. I'm thinking mostly in terms of the recreational pot market here.In the first quarter Village Farms saw Pure Sunfarms - which it has 50 percent ownership in - generate revenue of $10.8 million, up almost $8 million from the $2.8 million in the prior quarter of production. Net income came in at $4.3 million, while adjusted income was $3.2 million.Ready to become a U.S. hemp giantWhere the biggest potential lies concerning Village Farms is in the U.S. hemp business, which is a big part of the fast-growing CBD market. It think this will vastly outperform its cannabis business over the long term, based upon growth projections from Brightfield Group, which projects CBD sales to grow to $22 billion globally by 2022.Village Farms is uniquely positioned to take advantage of this because of its exposure to Texas, which recently passed a law that will allow the company to retrofit its massive 5.7 million square feet of greenhouse space in the state for the purpose of growing hemp.Because hemp is much easier and less expensive to grow than cannabis, it should be able to rapidly scale its U.S. operations. It has already planted 800 acres of hemp in three states, and should start to harvest sometime in the summer. This a part of one of its two hemp joint ventures it is part of.Along with that, it also has another joint venture where it will begin production on 120 acres in Colorado in 2019, and will expand that to 500 acres in 2020. That will bring outdoor production to 1,300 acres as it stands today.As for its greenhouses, it has already started to convert about half of its 1.3 million square foot greenhouse located in the Permian Basin for the purpose of cultivating and extracting CBD from hemp.With a licensing process having been implemented to cultivate and process hemp, the company will have to wait to apply for them until the State sets up a date to do so. That means it'll be a little longer before the effects of the positive catalyst will have an impact on the performance of Village Farms; at least as it relates to its existing greenhouses.ConclusionIn 2017 Village Farms generated $158 million in sales, primarily from its vegetable business. That business will remain in place for now, but it isn't clear if it will decline in sales as the company utilizes an increasing amount of its existing greenhouse square footage for hemp production.As the company is today, it will continue to enjoy consistent sales from vegetables as it transitions a significant amount of its business to growing hemp and cannabis.The good news is it has a steady stream of revenue from its predictable vegetable sales, is increasing cannabis revenue, and is aggressively going after the CBD market, starting with outdoor production as it waits for licensing approval for its indoor operations in Texas.I've seen one analyst that projected 2021 sales to climb to about double what the company generated in 2017, but I think, based upon its indoor and outdoor production pace, that number is probably going to be a lot higher than the estimated $320 million projected.For these reasons, I think Village Farms as a lot more room to increase its value and share price over the next couple of years. The only uncertainty in my view is how it does with cannabis sales from its Canadian operations. But even if that is modest at best, CBD should be the major revenue driver once it launches its indoor hemp production in Texas.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here.Read more on VFF: This Cannabis Stock Is Running Full Speed Ahead More recent articles from Smarter Analyst: * Last Minute Thought: Buy or Sell SNAP Stock Before Q2’19 Earnings? * Buy Facebook (FB) Stock Into Earnings, Says Wedbush * All Eyes on Tesla (TSLA) Stock Ahead of Earnings; Wedbush Remains Neutral * Lannett Company (LCI) Stock Makes the Street Go Wild
Village Farms will grow greenhouse hemp in Texas after the state's governor signed into law a bill legalizing the cultivation of hemp and CBD products.
VANCOUVER, June 11, 2019 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (VFF) (VFF) today announced that Governor Greg Abbott has signed into law Texas House Bill 1325 (the "Texas Hemp Legislation"), which effectively legalizes the cultivation of hemp and processing of hemp and hemp-derived products, including cannabidiol (CBD) in the State. As previously announced, in anticipation of the passage of the hemp legislation in Texas, Village Farms has begun conversion of half of its 1.3 million square foot, ultra-high-tech Permian Basin greenhouse (which utilizes the Company's proprietary GATES® technology) for cultivation of high-CBD hemp and CBD extraction. The Texas Hemp Legislation will require licenses for both the cultivation and processing of hemp and Village Farms plans to apply for the requisite licenses as soon as it is permitted to do so. No time frame has yet been provided by the State of Texas for the licensing process.
My original complaint regarding Village Farms International (VFF) was that the company wasn’t doing enough in the rapidly growing cannabis market. The latest moves has the company moving quickly toward CBD oil in the U.S. making the original joint venture to grow cannabis in Canada as only a small part of the growing cannabis picture.Moving AheadIn the last few months, Village Farms has gone from a vegetable farmer with a small joint venture in Canada focused on cannabis to an expanded Canadian cannabis operation plus multiple hemp plans in different states in the U.S. The company now has outdoor hemp plans in four U.S. along with the ongoing conversion of an existing greenhouse in Texas to hemp cultivation.The recent passage of Texas House Bill 1325 sets up Village Farms to convert existing greenhouses in Texas. The company is already moving forward with 635,000 square feet of growing area in the Permian Basin. The greenhouse will grow and extract hemp-based CBD.The company has an incredible 5.7 million square feet of greenhouse facilities in West Texas. This initial work is focused on only half of the 1.3 million square feet facility in the Permian Basin.These plans follow an additional plan with Arkansas Valley Hemp to form a joint venture called Arkansas Valley Green and Gold Hemp that the company owns 65%. The JV plans to start production on ~120 acres along the Arkansas Valley in Colorado this year and expand to 500 acres in 2020. This deal adds to the additional plans to cultivate hemp outdoors in Virginia, North Carolina and South Carolina.These facilities will allow Village Farms to sell CBD oil on a wholesale basis by early next year.Surging Cannabis RevenueIn Q1, Village Farms saw the Pure Sunfarms 50% owned JV grow net income to $4.3 million in the quarter, though adjusted EBITDA was only $3.2 million. The operation saw total sales jump to $10.8 million, up from $2.8 million in the initial quarter of production.Pure Sunfarms only recently started cultivation in the second half of the 1.1 million square foot Delta 3 greenhouse leading to 75,000 kgs of annual capacity by mid-2019. The company expects the existing 1.1 million square foot Delta 2 greenhouse to double projected annual production in 2021 to 150,000 kgs.These initial results are very promising for a company focused on moving existing greenhouse operations to cannabis cultivation. The good news is that Village Farms already has quarterly revenues of $37.3 million and is quickly shifting from vegetables to high-value cannabis crops.TakeawayThe key investor takeaway is that Village Farms is firing on all cylinders now by utilizing existing greenhouses to convert to high-value cannabis crops while also pursuing new outdoor growing opportunities. The major red flag is the Citron Research report questioning the connections with Pure Sunfarms, but the stock just appears too cheap at $13.50 with a market valuation of only $669 million.The opportunity exists to double and further double cannabis production in Canada while further expanding CBD oil sales via multiple venues moving forward towards 2020 sales. One analyst has revenue reaching $320 million in 2021, but the number appears very low based on all of the expansion plans at Village Farms. Use this selloff from $18.00 to $13.50 to own the stock with the knowledge that some red flags exist on the story.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. Read more on VFF: Cannabis Stock Village Farms Is on the Right Track More recent articles from Smarter Analyst: * Positive PR from Tesla (TSLA) and Ford (F) Doesn't Jibe With a Negative Forecast from RBC Capital * Medmen's (MMNFF) Net Operating Losses Piling Up as it Attempts to Scale * Canopy Growth (CGC): What CEO’s Exit Means for the Stock * Aurora Cannabis: Pie In The Sky Targets