VFF - NASDAQ-Listed Village Farms Grabs #2 Spot In Canada's Cannabis Market: What's Its Winning Formula? | Benzinga
Cannabis company Village Farms International, Inc. (NASDAQ: VFF) is making noteworthy strides, securing the #2 position in the recreational cannabis market in Canada.
Rising Exports And Financial Resilience
Ranked as Canada's fourth-largest cannabis exporter, VFF trails behind Tilray (NASDAQ: TLRY), Aurora Cannabis (NYSE: ACB) and Canopy Growth Corporation (NASDAQ: CGC).
According to senior analyst Pablo Zuanic, VFF's effective cost management and low production costs have bolstered its domestic market share and enhanced non-branded sales, contributing to a robust growth trajectory.
This achievement reflects the company's comprehensive improvements, resulting in a significant shift from a financial loss of $61 million in 2021 and $34 million in 2022 to nearly achieving a break-even point. Furthermore, maintaining a low debt level of $17 million underscores the company's strong financial stability.
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