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Village Farms Cannabis Company Reduces Net Loss Q3, Achieves Positive Adjusted EBITDA

Grand News Network | November 8, 2023

Canadian marijuana company Village Farms International, Inc. (NASDAQ: VFF) reported its third quarter financial results Wednesday with consolidated revenue of $69.51 million, compared to $71.06 million in the same period last year.

“We delivered continued strong improvement in our financial results in the third quarter, building on the first half of the year,” stated Michael DeGiglio, president and CEO of Village Farms. “Solid, profitable performance from each of our Canadian and U.S. Cannabis businesses, together with another quarter of significant year-over-year improvement in our Fresh Produce operations, is proving our strategic decision to build upon our unmatched expertise in controlled environmental agriculture to deliver positive cash flow and profitability as we ...

Full story available on Benzinga.com

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