---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-215669"
form_type: "8-K"
ticker: "VFF"
cik: "0001584549"
company_name: "Village Farms International, Inc."
filed_at: "2026-05-11T23:59:59+00:00"
generated_at: "2026-05-14T18:42:31.056655+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Village Farms Q1 net income $2.9M; international export sales up 171%, adj. EBITDA +118%

## Summary
- Consolidated net sales up 27% to $50.2M; net income of $2.9M ($0.03 per share); fourth consecutive quarter of positive net income.
- Cannabis adjusted EBITDA from continuing ops up 48% to $10.2M (20.5% of sales); gross margin expanded to 43% from 39%.
- International medical export sales from Canada hit record $14.6M, up 171% YoY; Netherlands sales up 448%.
- Company expects cash balance to grow from ops through year-end after $15M tax payments; $6.4M in share repurchases in Q1.
- CFO Steve Ruffini to transition to new M&A role; loan with Farm Credit Canada amended with 50 bps rate cut, maturity extended to 2031.

## SEC filing metadata
- accession: 0001193125-26-215669
- form_type: 8-K
- ticker: VFF
- cik: 0001584549
- company_name: Village Farms International, Inc.
- filed_at: 2026-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1584549/000119312526215669/0001193125-26-215669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1584549/000119312526215669/vff-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-215669
- JSON: https://secwatch.observer/filing/0001193125-26-215669.json
- Plain text: https://secwatch.observer/filing/0001193125-26-215669.txt

## Source-grounded claims
- claim_id: 032f086f26da7e479da3c630f97650d8c675c4a5
  claim: Village Farms International, Inc. reported the first quarter ended March 31, 2026 results: revenue $50.2 Million, net income $2.9 Million, EPS $0.03 Per Share.
  evidence_excerpt: Position with World’s Largest EU-GMP Certified Cannabis Facility; International Export Sales Grew 171% as Demand Continues to Increase • Consolidated Net Sales Increased 27% to $50.2 Million with Net Income of $2.9 Million or $0.03 Per Share • Adjusted EBITDA from Continuing Operations Increased 118% to $9.9 Million or 20% of Sales • Netherlands and Canadian
  evidence_url: https://www.sec.gov/Archives/edgar/data/1584549/000119312526215669/0001193125-26-215669-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.