VFF - Cannabis Giants Pivot Amid Falling Prices And Oversupply: Some Turn To Flowers And Veggies | Benzinga
Canada's leading cannabis producers are adapting to industry challenges by diversifying their cultivation to include vegetables, fruits and flowers. This transition, as reported by MJBizDaily, is prompted by an oversupply of cannabis and falling prices.
Tilray Brands Inc (NASDAQ: TLRY), following in the footsteps of Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) and Village Farms Intl Stock (NASDAQ: VFF), has designated a section of its Gatineau facility for food cultivation to mitigate the impact of market saturation.
Aurora expanded into the vegetable and flower sector with a $35 million purchase of Bevo Agtech. "Everybody’s trying to figure out what to do with (the greenhouses), and you’re never going to get all your money back,” said ...