From GlobeNewswire: 2025-05-12 17:10:00

Village Farms International, Inc. reported strong financial results for the first quarter of 2025, with Canadian Cannabis delivering its strongest EBITDA performance in three years. Net income and adjusted EBITDA increased significantly year-over-year, with international medical export sales also showing a substantial increase of 285%.

The company announced a transformative transaction to privatize certain assets and operations of its Fresh Produce division. This move will allow Village Farms to focus on its global cannabis business and reposition its fresh produce business to flourish independently with new strategic capital partners. The transaction is expected to close during the second quarter of 2025, with Village Farms receiving $40 million in cash proceeds.

Village Farms’ first quarter results demonstrate success in driving more profitable sales in Canadian Cannabis, maintaining a top market share position despite reductions in sales of lower-margin branded products. The company is on track to meet its target of tripling international export sales in 2025.

International medical cannabis exports saw a 285% increase in sales during the first quarter, with continued growth in shipment volumes to various countries. Village Farms also commenced sales in the Netherlands, its first European recreational market, showing confidence in the quality of its products and position in the new marketplace.

The company’s U.S. Cannabis segment, Balanced Health Botanicals, reported a gross margin of 66% and a net income of $58,000 in the first quarter of 2025. Village Farms continues to explore opportunities in the U.S. THC market, leveraging its existing greenhouse assets in Texas.

Overall, Village Farms International is focused on leveraging its expertise in Controlled Environment Agriculture to tap into high-growth opportunities in the cannabis industry, both domestically and internationally. The company’s strategic moves and strong financial performance position it for continued growth and success in the future.



Read more at GlobeNewswire:: Village Farms International’s Q1/25 Results Demonstrate