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CA - Village Farms Still Holding Through Current Cannabis Sector Rally [Downgrade]
CA Inc.
2024-03-28 18:42:18 ET
Summary
Village Farms stock has increased 61% over the last year, driven by rallies in the cannabis sector.
Village Farms is well-positioned in the US and international cannabis markets. It holds the second top share of the Canadian cannabis market.
Village Farms recently reported improved financial performance for Q4-2023. It is showing good recovery in its US fresh produce sales and Canadian cannabis sales.
I rate Village Farms as a Hold for now and recommend investors continue to watch the stock and developments in the cannabis markets.