The latest announcement is out from Village Farms International ( (VFF) ).
Village Farms International announced the commencement of cannabis sales at its Leli Holland subsidiary in the Netherlands, aligning with its previously-disclosed timeline. This marks a significant milestone for the company as it delivers its first cannabis harvest to Dutch coffeeshops, positioning itself advantageously in the promising Dutch cannabis market. With one of the 10 licenses for recreational cannabis production in the Netherlands, Village Farms is poised to capitalize on the region’s favorable market conditions, enhancing its international growth strategy and collaboration with the Dutch government.
More about Village Farms International
Village Farms International is a leading, vertically integrated supplier of plant-based Consumer Packaged Goods, leveraging its expertise in Controlled Environment Agriculture. It has a prominent presence in the fresh produce market in North America and is expanding into high-growth cannabis and CBD markets globally, including North America and the Netherlands. The company also has significant operations in Canada through its subsidiary Pure Sunfarms and is targeting legal cannabis opportunities in international markets.
YTD Price Performance: -6.73%
Average Trading Volume: 466,138
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $88.75M
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