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Village Farms International, Inc., together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power. It markets and distributes its products under the Village Farms brand name to retail supermarkets and fresh food distribution companies, as well as products produced under exclusive and non-exclusive arrangements from greenhouse supply partners. The company was formerly known as Village Farms Canada Inc. and changed its name to Village Farms International, Inc. in December 2009. Village Farms International, Inc. was founded in 1989 and is headquartered in Delta, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Village Farms International operates North American greenhouse facilities producing fresh produce and operating cannabis cultivation and processing assets. Long-term growth drivers include rising demand for regulated cannabis, efficiency gains from controlled-environment agriculture, and diversification between produce and cannabis, which may benefit investors seeking exposure to scaled, asset-backed cultivation.
Key risks include regulatory and market exposure in cannabis, commodity and pricing pressure in produce, and execution risk from scaling operations and managing energy and capital costs.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -94.07M | -12.34M | 7.81M | -17.32M | -7.62M |
| Minority interest | -0.27M | -0.05M | - | - | 0.00M |
| Net income | -98.75M | -8.82M | 11.61M | -11.45M | -5.14M |
| Selling general administrative | 72.27M | 53.92M | 25.23M | 21.48M | 15.06M |
| Selling and marketing expenses | -61.28M | - | - | - | 0.50M |
| Gross profit | 27.50M | 45.18M | 10.96M | -7.34M | 8.88M |
| Reconciled depreciation | 13.05M | 12.71M | 6.83M | 7.37M | 7.03M |
| Ebit | -44.68M | -8.77M | -17.39M | -27.52M | -5.63M |
| Ebitda | -31.62M | 3.94M | -10.56M | -20.15M | 1.40M |
| Depreciation and amortization | 13.05M | 12.71M | 6.83M | 7.37M | 7.03M |
| Non operating income net other | -4.83M | -1.08M | 0.62M | - | 0.00M |
| Operating income | -44.68M | -8.77M | -17.39M | -27.52M | -6.68M |
| Other operating expenses | 338.34M | 276.76M | 184.35M | 173.39M | 156.68M |
| Interest expense | 3.24M | 2.83M | 2.06M | 2.61M | 2.41M |
| Tax provision | 4.68M | -3.53M | -2.79M | -5.87M | -2.48M |
| Interest income | 0.21M | 0.13M | 0.62M | 1.04M | 3.53M |
| Net interest income | -3.04M | -2.71M | -1.43M | -1.58M | -2.41M |
| Extraordinary items | - | - | - | - | 0.00M |
| Non recurring | 43.30M | - | - | - | 0.00M |
| Other items | - | - | - | - | 0.00M |
| Income tax expense | 4.68M | -3.53M | -2.79M | -5.87M | -2.48M |
| Total revenue | 293.57M | 268.02M | 170.09M | 144.57M | 150.00M |
| Total operating expenses | 72.27M | 53.92M | 25.23M | 21.48M | 15.56M |
| Cost of revenue | 266.07M | 222.84M | 159.13M | 151.91M | 141.12M |
| Total other income expense net | -49.39M | -3.57M | 25.20M | 10.20M | 1.47M |
| Discontinued operations | - | - | - | - | 0.00M |
| Net income from continuing ops | -98.75M | -8.82M | 11.61M | 2.33M | -5.14M |
| Net income applicable to common shares | -101.15M | -9.08M | 11.61M | 2.33M | -7.51M |
| Preferred stock and other adjustments | - | - | - | - | 0.00M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 466.99M | 465.29M | 566.91M | 354.03M | 183.41M |
| Intangible assets | 32.27M | 37.16M | 26.39M | 17.31M | - |
| Other current assets | 7.15M | 17.86M | 15.46M | 10.18M | 1.26M |
| Total liab | 148.05M | 145.29M | 142.07M | 148.75M | 56.95M |
| Total stockholder equity | 302.62M | 303.06M | 408.40M | 205.28M | 126.46M |
| Deferred long term liab | - | 19.76M | 18.66M | 18.06M | - |
| Other current liab | 30.65M | 21.92M | 1.41M | 1.64M | 3.02M |
| Common stock | 386.72M | 372.43M | 365.56M | 145.67M | 98.33M |
| Capital stock | 386.72M | 372.43M | 365.56M | 145.67M | 98.33M |
| Retained earnings | -106.17M | -74.37M | 26.78M | 35.86M | 24.25M |
| Other liab | - | 21.47M | 20.63M | 19.69M | 3.23M |
| Good will | 55.92M | 66.22M | 117.53M | 24.03M | - |
| Other assets | - | 9.98M | 22.60M | 23.86M | 20.70M |
| Cash | 35.29M | 16.68M | 53.42M | 21.64M | 11.99M |
| Total current liabilities | 72.16M | 72.22M | 64.31M | 72.28M | 22.03M |
| Current deferred revenue | 4.51M | 6.25M | 20.16M | 26.96M | - |
| Net debt | 30.21M | 54.08M | 23.85M | 63.75M | 26.06M |
| Short term debt | 15.24M | 19.14M | 20.14M | 28.61M | 6.36M |
| Short long term debt | 4.00M | 7.53M | 7.76M | 17.31M | 5.42M |
| Short long term debt total | 65.50M | 70.75M | 77.27M | 85.39M | 38.05M |
| Other stockholder equity | 25.61M | 13.37M | 9.37M | 17.50M | 4.35M |
| Property plant equipment | - | 207.70M | 223.31M | 190.85M | 66.74M |
| Total current assets | 151.77M | 132.98M | 174.96M | 101.81M | 54.64M |
| Long term investments | 2.66M | 2.11M | 3.26M | 1.23M | 41.33M |
| Net tangible assets | - | 215.84M | 264.48M | 163.94M | 126.46M |
| Net receivables | 30.86M | 34.77M | 37.41M | 23.39M | 25.47M |
| Long term debt | 38.92M | 43.82M | 50.42M | 53.91M | 28.97M |
| Inventory | 78.47M | 70.58M | 68.68M | 46.60M | 15.92M |
| Accounts payable | 21.75M | 24.89M | 22.60M | 15.06M | 12.65M |
| Noncontrolling interest in consolidated entity | - | 0.77M | - | - | - |
| Accumulated other comprehensive income | -3.54M | -8.37M | 6.70M | 6.25M | -0.47M |
| Common stock total equity | - | 372.43M | 365.56M | 145.67M | 98.33M |
| Retained earnings total equity | - | -74.37M | 26.78M | 35.86M | - |
| Non currrent assets other | 1.96M | 5.78M | 5.84M | 5.50M | 1.83M |
| Non current assets total | 315.22M | 332.30M | 391.95M | 252.22M | 128.77M |
| Capital lease obligations | 13.45M | 9.76M | 7.67M | 4.00M | 3.66M |
| Long term debt total | - | 43.82M | 50.42M | 53.91M | 29.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -0.73M | -0.02M | -11.89M | -14.60M | -10.46M |
| Change to liabilities | 6.70M | 6.33M | -1.67M | -1.95M | 1.65M |
| Total cashflows from investing activities | -20.90M | -63.47M | -51.23M | -16.84M | -13.49M |
| Net borrowings | -2.39M | 10.20M | 4.26M | -3.51M | -0.78M |
| Total cash from financing activities | 4.50M | 135.88M | 58.61M | 31.39M | 20.58M |
| Change to operating activities | 2.33M | -46.63M | 14.94M | -4.15M | 0.59M |
| Net income | -101.15M | -9.08M | 11.61M | 2.33M | -5.14M |
| Change in cash | -36.99M | 32.99M | 13.69M | 0.07M | 4.83M |
| Begin period cash flow | 58.67M | 25.68M | 11.99M | 11.92M | 7.09M |
| End period cash flow | 21.68M | 58.67M | 25.68M | 11.99M | 11.92M |
| Total cash from operating activities | -19.89M | -39.57M | 5.68M | -14.39M | -2.26M |
| Issuance of capital stock | 6.69M | 135.00M | 57.21M | 34.23M | 23.49M |
| Depreciation | 13.05M | 12.71M | 6.83M | 7.37M | 7.03M |
| Other cashflows from investing activities | -5.87M | -41.81M | -36.10M | -14.51M | -10.46M |
| Dividends paid | - | -38.36M | - | - | 0.00M |
| Change to inventory | -14.58M | -16.76M | 3.00M | 9.04M | -5.18M |
| Change to account receivables | 3.31M | -9.91M | -3.20M | 2.30M | -0.05M |
| Sale purchase of stock | 6.88M | -5.00M | 54.34M | 34.90M | 23.77M |
| Other cashflows from financing activities | 7.51M | 69.22M | 7.75M | 4.67M | 4.87M |
| Change to netincome | 59.59M | 3.13M | -26.00M | -29.48M | -1.04M |
| Capital expenditures | 14.29M | 21.66M | 3.51M | 2.29M | 3.09M |
| Change receivables | - | - | - | - | 0.00M |
| Cash flows other operating | 8.40M | -48.73M | -12.47M | - | 0.00M |
| Exchange rate changes | - | 0.14M | 0.63M | - | 0.00M |
| Cash and cash equivalents changes | -36.29M | 32.99M | 13.69M | - | 0.00M |
| Change in working capital | -2.25M | -46.63M | 13.07M | 5.24M | -2.72M |
| Stock based compensation | 3.99M | 7.53M | 6.14M | 4.71M | 1.45M |
| Other non cash items | 56.63M | -1.23M | -25.51M | -28.18M | 0.03M |
| Free cash flow | -34.18M | -61.22M | 2.17M | -16.67M | -5.35M |
Sector: Consumer Defensive Industry: Farm Products
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| VFF Village Farms International Inc |
0.09 3.23% |
2.88 | - | 59.52 | 0.49 | 0.47 | 0.62 | -25.43 |
| ADM Archer-Daniels-Midland Company |
-0.50 0.71% |
69.97 | 23.66 | 16.45 | 0.51 | 1.77 | 0.61 | 12.88 |
| BG Bunge Global SA |
0.56 0.57% |
99.10 | 25.52 | 14.53 | 0.35 | 1.53 | 0.54 | 15.43 |
| TSN Tyson Foods Inc |
-0.43 0.72% |
59.68 | - | 24.94 | 0.34 | 1.00 | 0.51 | 26.68 |
| MNHVF Mowi ASA |
- -% |
23.55 | 15.54 | 15.90 | 1.89 | 2.37 | 2.20 | 9.26 |
Village Farms International, Inc., together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power. It markets and distributes its products under the Village Farms brand name to retail supermarkets and fresh food distribution companies, as well as products produced under exclusive and non-exclusive arrangements from greenhouse supply partners. The company was formerly known as Village Farms Canada Inc. and changed its name to Village Farms International, Inc. in December 2009. Village Farms International, Inc. was founded in 1989 and is headquartered in Delta, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Michael A. DeGiglio | Founder, CEO, Pres & Director | 1955 |
| Mr. Stephen C. Ruffini | CFO, Exec. VP, Company Sec. & Director | 1960 |
| Mr. Mandesh Dosanjh | Pres and CEO - Pure Sunfarms | NA |
| Mr. Orville Bovenschen | VP of European Bus. Devel. & Operations | NA |
| Mr. Lofton Barnes | VP Corp. HR | NA |
| Mr. Michael Minerva | Sr. VP of Grower Relations & Supply Devel. - Village Farms Fresh | NA |
| Mr. Bret T. Wiley | Sr. VP of Sales & Sales Operations - Village Farms Fresh | NA |
| Eric Janke | Exec. VP of Sales & Marketing - Village Farms Fresh | NA |
| Ms. Ann Gillin Lefever | Exec. VP of Corp. Affairs | NA |
| Ms. Patti Smith | VP & Corp. Controller | NA |
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