2024-04-28 07:27:11 ET
Summary
- Village Farms reported Q4 revenue of $74.2 million, beating expectations, but adjusted EBITDA was below expectations at -$0.7 million.
- Analysts have revised their outlook for Village Farms, projecting higher revenue for 2024 but slightly lower revenue for 2025 than before the report.
- The stock has almost tripled from its Q3 lows, but is still down 93% from its peak in early 2021. The chart is no longer compelling for buying.
I exited Village Farms (VFF) in my model portfolio for subscribers of my investment group yesterday. I last wrote it up here just ahead of their Q4 report and discussed the extremely low valuation . The stock has soared since then:
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For further details see:
Why I Own No Village Farms In My Cannabis Model Portfolio