Village Farms International (NASDAQ: VFF) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “The Canadian cannabis market has been impacted by supply limitations, regulatory headwinds, and a thriving black market which we believe will persist through 1H20. We expect near-term exposure to weak Canadian wholesale pricing, but VFF’s low-cost operations is built to survive commoditization; we expect high-cost LP production failures inevitable. Despite VFF brands gaining share at key provinces, continuing price pressure will impact VFF’s top-line through 1H20. We are lowering 19/20 estimates and PT to $16.00, while maintaining our Buy rating.”
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About Village Farms International, Inc.
Village Farms is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada. Village Farms produces and distributes fresh, premium-quality produce with consistency 365 days a year to national grocers in the U.S. and Canada from more than nine million square feet of Controlled Environment Agriculture (CEA) greenhouses in British Columbia and Texas, as well as from its partner greenhouses in British Columbia, Ontario and Mexico. Village Farms is now leveraging its 30 years of experience as a vertically integrated grower for the rapidly emerging global cannabis opportunity through its ownership position in British Columbia-based Pure Sunfarms, one of the single largest cannabis growing operations in the world. Village Farms also intends to pursue opportunities to become a vertically integrated leader in the U.S. hemp-derived CBD market, subject to compliance with all applicable U.S. federal and state laws, Village Farms has established two joint ventures, Village Fields Hemp USA, LLC, and Arkansas Valley Green and Gold Hemp LLC, for multi-state outdoor hemp cultivation and CBD extraction and plans to pursue controlled environment hemp production at its Texas greenhouse operations, which total 5.7 million square feet of production area, subject to legalization of hemp in Texas. For more information, visit the company’s website at www.VillageFarms.com.
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