Village Farms Q3 sales up 20% to $83.4M; net loss narrows; Canadian cannabis sales +27%

Village Farms International, Inc.

2024-Q3 EPS reported -$0.25 revenue$253,627,000

Consolidated sales rose 20% YoY to $83.4M; net loss narrowed to $0.8M ($0.01/share) from $1.3M.
Canadian Cannabis net sales +27% to $36.5M (C$49.8M); retail branded +22%, international medicinal +111%.
Fresh Produce swung to net income of $0.4M from loss of $1.0M; Adjusted EBITDA $2.3M vs $0.8M.
Consolidated Adjusted EBITDA increased 63% to $5.3M; company remains #2 Canadian LP by market share.
Commenced cultivation in Netherlands (Drachten); expects first recreational sales in Q1 2025.

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