Village Farms International (Otc) (VFF) has released an update.
Village Farms International reports a robust first quarter in 2024 with a 21% increase in total sales, a significant improvement in net loss per share to ($0.03), and a six-fold increase in adjusted EBITDA to $3.6 million. The company’s Canadian Cannabis segment saw a 28% organic growth in retail net sales, expanded its national market share, and achieved profitability. Additionally, its Fresh Produce business also delivered profitability with higher year-over-year sales and improved EBITDA margin.
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