Village Farms (VFF) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.08 per share a year ago.
Marijuana stocks are still in a volatile space where some looking to invest may not know where to begin. Now the first step should be to learn and do your homework on the sector and the companies. The more you know the better you can set up a strategy that can help get you a return on your investment.
Village Farms International (NASDAQ:VFF ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Michael DeGiglio - President and CFO Stephen Ruffini - EVP and CFO Ann Gillin Lefever - COO Conference Call Participants Aaron Grey - Alliance Global Partners Eric Des Lauriers - Craig Hallum Capital Group Michael Regan - Excelsior Equities Doug Cooper - Beacon Securities Pablo Zuanic - Zuanic & Associates Brenna Cunnington - ATB Capital Markets Operator Good morning, ladies and gentlemen. Welcome to Village Farm International's Third Quarter 2024 Financial Results Conference Call.
Village Farms (VFF) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.01 per share a year ago.
Marijuana stocks could soon see a ramp-up of trading momentum. Right now is a time when cannabis reform is once again at the forefront due to the presidential election. On top of more states pushing for better reform measures and overall regulations. Not to mention cannabis companies are starting to report earnings which could also have an impact on trading. With all that is going on this adds to the volatile behavior which could work in favor of investors. For instance, positive news on reform can cause a run-in in the sector.
Village Farms (VFF) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.01 per share a year ago.
In a recent webinar organized by Zuanic & Associates, Village Farms' C-suite executives discussed their strategic direction and operational insights. The webinar, led by senior analyst Pablo Zuanic, provided a deep dive into Village Farms' market position, financial health and future outlook.
Village Farms exceeded revenue and adjusted EBITDA expectations in Q1, with strong growth in the Canadian cannabis business. The company's financials show improving cash flow, balance sheet, and outlook for 2024 and 2025 revenue. Village Farms is attractively valued, trading at half its tangible book value and 6.5X adjusted EBITDA projected for 2025, with potential for growth in the Canadian cannabis market.
Village Farms has reported improved financial Q1 results and has a good 2024-2025 outlook. The company's stock has been on the uptrend along with the other Canadian cannabis LPs. Village Farms is undervalued and positioned for growth in Canada, US, and international markets.
Marijuana has been in the news recently amid the U.S. Department of Justice's proposal to reschedule the drug. However, Canadian cannabis producer Village Farms (NASDAQ: VFF ) has been booming largely on its own strengths.