Village Farms International (Otc) ( (VFF) ) has released its Q4 earnings. Here is a breakdown of the information Village Farms International (Otc) presented to its investors.
Village Farms International is a vertically integrated supplier specializing in high-value, plant-based consumer packaged goods, with a strong presence in the cannabis and CBD sectors across North America and internationally. The company recently reported its financial results for the fourth quarter and full year 2024, highlighting significant growth in sales and strategic initiatives aimed at expanding its production capacity and market reach.
In 2024, Village Farms saw an 18% increase in consolidated sales, reaching $336.2 million, with Canadian cannabis sales growing by 31%. The company maintained its leading market share in dried flower and pre-roll categories in Canada. Despite a $10.5 million non-cash impairment charge affecting adjusted EBITDA, the company reported a positive cash flow from operations of $10.3 million for the year.
Key financial metrics for the fourth quarter included an 11% increase in consolidated sales to $82.6 million and a 113% rise in international sales. The company is optimistic about its international sales, projecting a tripling in 2025. Additionally, Village Farms has initiated a Phase II expansion in the Netherlands, expected to quintuple its production capacity by the end of 2025.
Looking ahead, Village Farms’ management is focused on optimizing resources and improving operational efficiencies to drive profitable growth. The company is confident in its ability to capitalize on emerging opportunities in the global cannabis market, supported by its strategic expansions and strong market positions.