Village Farms International, Inc. VFF

Agriculture SIC 0100 - Agricultural Production-Crops NAICS Agriculture, Forestry, Fishing and Hunting › Crop Production derived Nasdaq

Our mission is to apply decades of innovation in intensive agriculture to build a sustainable path forward for the global cannabis industry. To achieve this, we are building upon over three decades of leadership in Controlled Environment Agriculture ("CEA"), asset development and management, marketing of plant-based consumer packaged goods to deliver a full suite of recreational and medicinal products and brands to regulated cannabis markets across the world.

We have leveraged our expertise as a pioneer in CEA to contribute meaningfully to the development of the global legal cannabis industry. Pure Sunfarms Corp. ("Pure Sunfarms" or "PSF") and Rose LifeScience Inc. ("Rose LifeScience" or "Rose") comprise our Canadian cannabis businesses. Pure Sunfarms is one of the largest and most respected cannabis growers in the world and the leading flower brand in Canada. Rose is a leading vertically integrated, branded cannabis producer, supplier and commercialization expert in the Province of Quebec.

Last close 2.58 2026-10-23
Market cap $314.9M 2026-06-30 share count
52-week range 1.80 - 4.99

Valuation FY2025 figures against the last close

P/S1.5x
P/E9.5x
P/FCF7.9x
EV/EBITDA—
Dividend yield—
Diluted EPS0.27

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $215.9M$195.9M$163.1M$293.6M$268.0M$170.1M$144.6M$150.0M$158.4M—
Cost of revenue $128.3M$150.1M$115.2M$266.1M$222.8M$159.1M$151.9M$140.7M$144.4M—
Gross profit $87.7M$45.8M$48.0M$27.5M$45.2M$11.0M-$7.3M$9.3M$14.0M—
SG&A $60.3M$61.7M$56.7M$72.3M$53.9M$19.1M$16.8M$14.1M$14.9M—
Operating income ———————-$6.7M-$1.2M—
Interest expense $2.7M$3.4M$4.5M$3.2M$2.8M$2.1M$2.6M$2.8M$2.7M—
Pre-tax income $31.4M-$29.6M-$25.6M-$96.7M-$12.7M$8.8M-$3.5M-$9.8M-$5.5M—
Income tax $10.4M$1.7M$7.5M$4.7M$3.5M$2.8M$5.9M$2.3M$763.0K—
Net income $32.4M-$33.9M-$34.8M-$101.1M-$9.1M$11.6M$2.3M-$7.5M-$4.8M—
EPS, basic 0.29-0.32-0.32-1.13-0.110.200.05-0.17-0.12—
EPS, diluted 0.27-0.32-0.32-1.13-0.110.190.05-0.17-0.12—
Shares, diluted (wtd. avg.) 118.5M111.4M108.7M89.1M82.2M61.5M51.2M44.4M39.1M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $81.2M$24.6M$35.3M$21.7M$58.7M$25.7M$12.0M$11.9M$7.1M$5.4M
Receivables $23.2M$22.2M$30.6M$27.6M$34.4M$23.2M$9.0M$11.3M——
Inventory $41.5M$41.3M$78.5M$70.6M$68.7M$46.6M$15.9M$25.0M——
Total current assets $154.4M$116.0M$151.8M$133.0M$175.0M$101.8M$54.6M$60.3M——
Property, plant and equipment $185.7M$175.2M$205.6M$207.7M$215.7M$187.0M$63.2M$72.2M——
Goodwill $44.4M$42.3M$55.9M$66.2M$117.5M$24.0M————
Other intangibles $23.6M$25.1M$32.3M$37.2M$26.4M$17.3M————
Total assets $423.1M$389.3M$464.0M$465.3M$566.9M$354.0M$183.4M$141.4M$142.3M—
Accounts payable $15.7M$11.3M$21.8M$24.9M$22.6M$15.1M$12.7M$14.6M——
Short-term debt $4.9M$8.1M$9.1M$9.6M$11.4M$10.2M$3.4M$3.4M——
Total current liabilities $58.6M$62.2M$72.2M$72.2M$64.3M$72.3M$22.0M$23.6M——
Long-term debt $28.8M$32.4M$38.9M$43.8M$50.4M$53.9M$29.0M$32.3M——
Total liabilities $113.0M$125.3M$148.0M$145.3M$142.1M$148.7M$56.9M$57.0M——
Retained earnings -$112.6M-$145.0M-$109.2M-$74.4M$26.8M$35.9M$24.2M$21.9M——
Total equity $299.9M$254.0M$300.3M$303.8M$408.4M$205.3M$126.5M$84.4M$66.9M$60.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $58.1M$13.7M$7.6M-$19.9M-$39.6M$5.7M-$14.4M-$4.7M$669.0K—
Depreciation and amortisation $16.4M$16.7M$14.1M$13.1M$12.7M$6.8M$7.4M$7.0M$7.7M—
Stock-based compensation $1.7M$3.7M$3.1M$4.0M$7.5M$6.1M$4.7M$1.5M$1.5M—
Capital expenditure $18.2M$7.2M$3.6M$14.3M$21.7M$3.4M$2.3M$3.1M$1.7M—
Investing cash flow -$18.6M-$7.3M-$3.3M-$20.9M-$63.5M-$51.2M-$16.8M-$13.5M-$1.7M—
Financing cash flow -$6.4M-$9.5M$14.1M$4.5M$135.9M$58.6M$31.4M$23.0M$2.8M—
Buybacks $3.0M———$5.0M—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-192149.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M -100M 0 100M 200M 300M Revenue, FY2017: 158.4M Gross profit, FY2017: 14M Net income, FY2017: -4.8M Revenue, FY2018: 150M Gross profit, FY2018: 9.3M Net income, FY2018: -7.5M Revenue, FY2019: 144.6M Gross profit, FY2019: -7.3M Net income, FY2019: 2.3M Revenue, FY2020: 170.1M Gross profit, FY2020: 11M Net income, FY2020: 11.6M Revenue, FY2021: 268M Gross profit, FY2021: 45.2M Net income, FY2021: -9.1M Revenue, FY2022: 293.6M Gross profit, FY2022: 27.5M Net income, FY2022: -101.1M Revenue, FY2023: 163.1M Gross profit, FY2023: 48M Net income, FY2023: -34.8M Revenue, FY2024: 195.9M Gross profit, FY2024: 45.8M Net income, FY2024: -33.9M Revenue, FY2025: 215.9M Gross profit, FY2025: 87.7M Net income, FY2025: 32.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $158.4M $150.0M $144.6M $170.1M $268.0M $293.6M $163.1M $195.9M $215.9M
Gross profit — $14.0M $9.3M -$7.3M $11.0M $45.2M $27.5M $48.0M $45.8M $87.7M
Net income — -$4.8M -$7.5M $2.3M $11.6M -$9.1M -$101.1M -$34.8M -$33.9M $32.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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