Village Farms International reports Q2/24 results

Added on 16 August 2024

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Village Farms International reports Q2/24 results

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VANCOUVER, British Columbia and ORLANDO, Fla. - Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) today reported its financial results for the second quarter ended June 30, 2024. All figures are in U.S. dollars unless otherwise indicated.

Total Sales Grew 19% Year-over-Year to a Record $92.1 Million
Canadian Cannabis Grew Net Sales 45% and Retail Branded Sales 35% Year-Over-Year to New Records
Canadian Cannabis Delivered Another Quarter of Positive Adjusted EBITDA and Operating Cash Flow
Canadian Cannabis Only Top-Five Producer to Grow Market Share Sequentially, Further Expanding Number 2 National Rank1
Fresh Produce Sales Grew 7% Year-over-Year with Improved Gross Loss for First Half 2024