Village Farms International (NASDAQ: VFF) Stock is a Unique Cannabis ESG Play Village Farms International (NASDAQ:VFF) reported higher first-quarter sales and a return to profitability, with management pointing to growth in international medical cannabis exports, continued…
nadian market share and expanding production capacity as key drivers. Chief Executive Officer Michael DeGiglio said the quarter marked “a strong start” to fiscal 2026, following the company’s completion of its produce transaction last year and its shift to what he described as a “pure-play cannabis company.” Village Farms has realigned its reporting into a single Cannabis Segment, with remaining operations classified as other
Consolidated net sales rose 27% year over year to $50.2 million for the quarter ended March 31, according to Chief Financial Officer Steve Ruffini. Net income from continuing operations was $2.7 million, or $0.03 per share, compared with a net loss of $2.1 million, or a loss of $0.02 per share, in the prior-year quarter. Adjusted EBITDA from continuing operations increased 118% to $9.9 million from $4.5 million a year earlier, lifting adjusted EBITDA margin to 20% from 11.4%.
DeGiglio said the company delivered its fourth consecutive quarter of positive net income, which he said demonstrated the “sustainable profitability” of its global cannabis business. International Exports Drive Growth Management emphasized the company’s international medical cannabis business as a major contributor to first-quarter results. DeGiglio said international export sales increased 171% year over year and 60% sequentially to a record of nearly $15 million.