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Village Farms International, Inc. (T:VFF)

Business Focus: Vegetable, Fruit & Nut Farming

Sector:  Consumer Non-Cyclicals Industry:  Fishing & Farming
 
Company Contact
Address: 4700 - 80Th Street
DELTA BC V4K 3N3
Tel: N/A
Website: https://villagefarms.com
IR: See website
Key People
Michael A. DeGiglio
President, Chief Executive Officer, Director
Stephen C. Ruffini
Chief Financial Officer, Executive Vice President, Director
Ann Gillin Lefever
Chief Operating Officer
Business Overview
Village Farms International, Inc. is a vertically integrated supplier of plant-based consumer packaged goods in the cannabis and cannabidiol (CBD) categories in North America and selected markets internationally. The Company's segments include Produce, Cannabis Canada, Cannabis United States and Energy. The Produce segment produces, markets, and sells quality tomatoes, bell peppers and cucumbers. The Cannabis Canada segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. The Cannabis United States segment develops and sells CBD-based health and wellness products, including ingestible, edible and topical applications. The Energy segment produces power that it sells per a long-term contract to its customers. Its subsidiaries include Village Farms Canada LP, Village Farms LP, Pure Sunfarms Corp, Balanced Health Botanicals, LLC, and Rose LifeScience Inc.
Financial Overview
For the three months ended 31 March 2024, Village Farms International Inc revenues increased 21% to $78.1M. Net loss decreased 57% to $2.9M. Revenues reflect Cannabis segment increase of 40% to $42M, Produce segment increase of 4% to $36.1M, Canada segment increase of 49% to $37.4M. Lower net loss reflects Interest expense decrease of 19% to $917K (expense), Other income (expense) increase from $30K to $104K (income).
Employees: 1,400 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $141.36M as of Mar 31, 2024
Annual revenue (TTM): $299.02M as of Mar 31, 2024
EBITDA (TTM): $4.65M as of Mar 31, 2024
Net annual income (TTM): -$28.01M as of Mar 31, 2024
Free cash flow (TTM): $1.62M as of Mar 31, 2024
Net Debt Last Fiscal Year: $23.40M as of Mar 31, 2024
Shares outstanding: 110,248,929 as of Mar 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization