Village Farms Q3 revenue $71.1M, net loss $8.7M; Canadian cannabis sales up 15% but overall adjusted EBITDA negative

Village Farms International, Inc.

2022-Q3 EPS reported -$0.59 revenue$224,115,000

Consolidated net loss $8.7M ($0.10 loss per share) vs net income $0.8M in Q3 2021.
Consolidated adjusted EBITDA -$2.2M vs +$6.9M a year ago; fresh produce segment posted -$4.9M.
Canadian cannabis net sales up 15% to $30.4M (record); segment adjusted EBITDA $5.4M vs $9.4M last year.
Recorded $29.8M impairment in U.S. cannabis (goodwill and intangibles) due to inflation and regulatory uncertainty.
Village Farms became #3 Canadian cannabis producer in Q3 and #1 in October across all categories.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Village Farms International, Inc. reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 9, 2022, Village Farms International, Inc. (the “Company” or “Village Farms”) issued a press release announcing its financial results for the third quarter ended September 30, 2022.

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

Village Farms International, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-023502

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.