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Village Farms International, Inc. (T:VFF)

Business Focus: Vegetable, Fruit & Nut Farming

Sector:  Consumer Non-Cyclicals Industry:  Fishing & Farming
See Regulatory Filings on SEDAR
Company Contact
Address: 4700 80 St
Tel: 1-407-9361190
IR: See website
Key People
Michael A. DeGiglio
President, Chief Executive Officer, Director
Stephen C. Ruffini
Chief Financial Officer, Executive Vice President, Director
Mandesh Dosanjh
President, Chief Executive Officer - Pure Sunfarms
Business Overview
Village Farms International, Inc. is a vertically integrated greenhouse grower in North America. The Company's segments include Cannabis, Produce and Energy. The Produce Segment markets and distributes tomatoes, bell peppers and cucumbers in North America. It markets and distributes under its Village Farms brand to retail supermarkets and dedicated fresh food distribution companies. The Company's subsidiary, VF Clean Energy, Inc, owns and operates a seven-megawatt power plant from landfill gas. It generates electricity and provides thermal heat to its greenhouse facilities and sells electricity to the British Columbia Hydro and Power Authority. Its Cannabis Segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. Its Pure Sunfarms-branded dried cannabis products are sold directly to private retailers and provincial and territorial wholesalers. It offers e-commerce platform, CBDistillery.
Financial Overview
For the nine months ended 30 September 2021, VillageFarms International Inc revenues increased 59% to $195.2M.Net loss totaled $11.2M vs. income of $4.6M. Revenuesreflect an increase in demand for the Company's productsand services due to favorable market conditions. Net lossreflects Selling/General/Admin. Expense increase from$12.7M to $30.2M (expense).
Employees: 900 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $815.58M as of Sep 30, 2021
Annual revenue (TTM): $308.99M as of Sep 30, 2021
EBITDA (TTM): -$11.67M as of Sep 30, 2021
Net annual income (TTM): -$5.27M as of Sep 30, 2021
Free cash flow (TTM): -$47.14M as of Sep 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 85,705,649 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization