Village Farms International(NASDAQ) VFF

Village Farms International, Inc. grows greenhouse vegetables like tomatoes. It also produces and sells cannabis products. The company makes health items from hemp.

More Than Just Tomatoes

• Cannabis Segment: Branded and non-branded dried flower, vapes, and pre-rolls for recreational and medical use; sales totaled $53.5 million in the three-month period ended June 30, 2026.
• Village Farms Fresh: Greenhouse-grown tomatoes sold to retail supermarkets and fresh food distribution companies; sales totaled $10.2 million in the three-month period ended June 30, 2026.
• Hemp and Cannabinoids: Health and wellness items like cannabidiol (CBD) oils and topicals sold through an e-commerce platform in the United States.
• Clean Energy: Electricity and thermal heat produced for the British Columbia Hydro and Power Authority at a dedicated energy facility.

Growing Across the Globe

• Commenced cultivation at the Phase II indoor facility in Groningen, Netherlands during the second quarter of 2026.
• Expanded international distribution by starting cannabis product exports to New Zealand in 2025.
• Increased its ownership interest in Quebec-based Rose LifeScience to 86.6% in May 2026.
• Converted two large-scale British Columbia greenhouse facilities to cannabis production to serve adult-use and medical markets.

Agricultural Innovation at Scale

Village Farms uses controlled environment agriculture to produce crops with lower operating costs than traditional farming. Its European Union Good Manufacturing Practice (EU GMP) certification allows it to export medical cannabis to international markets that require high safety standards.

Reviewing the Financial Results

• Total revenue was $64 million for the three-month period ended June 30, 2026, up 7% year over year.
• International export sales reached a record $20.9 million in the three-month period ended June 30, 2026, rising 74% year over year.
• Adjusted EBITDA from continuing operations was $25.3 million for the six-month period ended June 30, 2026.
• Cash and cash equivalents totaled $72.9 million as of June 30, 2026.

A Shifting Business Strategy

Village Farms has transitioned its core expertise from greenhouse produce to the global legal cannabis market. The company continues to prioritize low-cost production and international expansion to drive long-term performance.