VFF - Village Farms GAAP EPS of -$0.01 beats by $0.03 revenue of $77.21M beats by $5.29M

2023-08-09 07:05:08 ET

• Village Farms press release ( NASDAQ: VFF ): Q2 GAAP EPS of -$0.01 beats by $0.03 .
• Revenue of $77.21M (-6.9% Y/Y) beats by $5.29M .
• Shares +4% PM.
• “Our Canadian Cannabis business delivered 24% year-over-year growth in Canadian dollar Retail Branded sales – all of which was generated organically – once again significantly outpacing expansion of the overall market. We maintained our top-three market share position nationally for the second quarter of 2023. Importantly, the business delivered these strong competitive results while generating positive net income and its 19 ^th consecutive quarter of positive adjusted EBITDA, which was up 97% in Canadian dollars year-over-year.”

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