Cannabis stocks haven't been doing well this year, and that's created some great buying opportunities. And none might be better than Village Farms International (NASDAQ: VFF). While it has only dropped around 6% in the past three months, at a market cap of a little over $500 million, it definitely has the potential to get much bigger.
Aphria (NYSE: APHA) got a lot of fanfare about posting a profit in its most recent quarter, but there wasn't the same excitement when Village Farms released its most recent results, which showed an impressive net income figure of $9.9 million. But its stock price actually decreased in the days following the release of its earnings.
Perhaps the reason investors didn't get so excited is that Village Farms has been there before. For three straight quarters, it recorded a profit in what's become a strength for the company. The past two periods in particular have been very strong, with an average profit margin of 24%.