Village Farms Quarterly Revenue Grows 20% YoY As The Cannabis Company Doubles International Sales

Village Farms International, Inc. (NASDAQ:VFF) reported its financial results Thursday for the third quarter ended Sep. 30, 2024. The British Columbia-based cannabis company disclosed revenue of $83.37 million, compared to $69.51 million in the same period a year ago.

"Strong performance in our fresh produce business, continued growth in Canadian cannabis and a doubling of international medicinal cannabis sales drove 20% year-over-year growth in consolidated sales, with both positive Adjusted EBITDA and cash flow from operations during the third quarter," stated Michael DeGiglio, president and CEO. "Our Canadian cannabis business continues to deliver strong growth with leading market share as we realized revenue growth in all sales channels and positive EBITDA ...

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