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VFF - Why Village Farms International Plummeted by 11% Today
Village Farms International Inc.
Even on a lousy day for marijuana stocks on Tuesday, Village Farms International (NASDAQ: VFF) was a notable underperformer. The company's shares fell by nearly 11%, on the back of quarterly results that didn't fully meet expectations.
For its Q4, Village Farms booked $47.4 million in sales -- 43% higher on a year-over-year basis. The company flipped to a $7.0 million profit ($0.12 per share) on the bottom line, against the year-ago loss of $7.2 million.