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Village Farms International, Inc. (VFF.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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9.36-0.13 (-1.37%)
As of 10:41AM EDT. Market open.
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  • D
    Distant Drummer
    The Canadian business news is loaded with info on the Cannabis industry with timely comment about the Federal Government study to find out the effect legalization has had, what changes are needed in the law including packaging and advertising restrictions, surtaxes, licensing etc. Let’s hope the U.S. politicians will note the Canadian mistakes and try to avoid the same catastrophe by putting too much power in the hands of bureaucrats.

    BNN/Bloomberg 18 Oct. 2021 Monday a.m.
    'STILL A BLOODBATH'

    At 776 producers, the number of companies licensed to sell or process cannabis in Canada has reached a staggeringly high figure that many industry observers and analysts alike believe contributed to the oversupply of legal pot in the market.

    As a result, it led to billions of dollars in write-downs and millions of grams of unsold marijuana being disposed of. While that figure may also demonstrate a successful transition for those moving from the illicit to the legal market, some people see the current state of the industry as unsustainable and leading to heavy consolidation.
  • D
    Distant Drummer
    17 Oct 2021..Weekend “The Deep Dive”…..

    "The 'Dive Weekly: Bitcoin Booms, PowerBand Releases Q3 Prelim Numbers & Canopy Growth Overpays, Again………." (TSX: WEED)

    PLUS…..

    …..” Ignite International Exits Cannabis In Canada Due To “Excessive Restrictions”
    Ignite International Brands (CSE: BILZ) last night announced that it will be leaving behind its cannabis operations in Canada. The licensed producer announced that it will be exiting the cannabis space within the country, blaming the Canadian government for its decision…."
  • K
    KathleenH
    Naked shorts have no intention of settling if the trade goes against them. I know we can't do it... and by 'we' I mean anyone who has ever posted here or trades through conventional means. So HOW is it still done and why can't the exchanges stop it? Just a rhetorical question... I know I can't change it even if I could understand it. (Besides I'm heading back outside...) I DO know that this stock is manipulated by other than conventional market forces... but also that stocks break through this kind of manipulation by producing numbers that exhibit solid performance and consistency. I look forward to this quarter's positive numbers. And then the next. As reliability increases, so does trust. As trust increases, skepticism decreases... as does shorting. I have patience. GLTA longs.

    K in VA (What a weekend! Sold LOTS of pumpkins -- which is great -- but now I have a large, messy field that I have to make look pretty again before Thursday! Halloween is coming! Do you have YOUR pumpkins yet?? BOO! Hahahaha!!!)
  • T
    Todd
    Friends,Part 1)........
    In August, we discussed how three companies, Canopy Growth, Tilray and Scotts Miracle-Gro, were looking to acquire American cannabis companies. Since then, all three companies have made moves. Tilray acquired convertible debt previously issued by MedMen to Gotham Green Partners that will allow it to acquire 21% of the company. Scotts Miracle-Gro invested through a new subsidiary, The Hawthorne Collective, in a $150 million convertible note that gives it a 42% stake in RIV Capital upon conversion. RIV Capital has indicated it will make its first investment by year-end. This investment is small relative to the company's market cap, enterprise value and cash flow. This week, Canopy Growth, which pioneered cross-border investing that allowed it to retain its higher exchange listing, made another investment into the U.S., acquiring the right to buy Wana Brands in the future.

    While we conceptually like the idea of locking up a brand, especially a very strong one like Wana Brands that we discussed five weeks ago as a leading cannabis brand, we think that Canopy and Tilray are pursuing a very risky strategy. In both cases, there is an immediate investment with the possibility of a zero return, as we discuss below. Both companies are struggling in Canada, losing market share according to data from Hifyre, and must find other ways to justify their still high market caps. International markets have been too slow to develop, so their focus is on buying an option to establish a position in the U.S. when it is possible to do so.
  • R
    Robert
    In most countries, sales revenue maters not unless your making a profit. In Canada companies like Canopy, Aurora, Cronos, Organigram and TilRay, have been handed the key’s to the castle only to crash and burn. Aurora should have gone out of business when it did the reverse split, but the kids in Robinhood baught every new share management put up for sale, Canopy Growth is a company that loves to talk but can’t produce results. Hopefully these companies will go out of business soon so we’ll run companies can start to thrive.
  • R
    Random
    Looks like I was right again. If you bought on my last recommendation, you made a bigger gain in 5 minutes than Aurora shareholders experienced over the last 5 years. Wish it wasn't true. Just the beginning too.
  • B
    Big Bee
    My thoughts on Mike's presentation today:
    - As others noted, 20 minutes is not enough time to give a complete presentation of the company plus entertain questions, and the real value of the conference is the back room discussion with institutions.
    - By far the major revelation is that VFF will not be growing CBD in the Texas greenhouses, something I had presumed they would do from past statements. Mike acknowledged that CBD has become a commodity which VFF would only grow outdoors (is Village Fields still alive?), indicating they've determined there isn't value to environmentally controlled growing of hemp CBD for quality purposes.
    - Balanced Health Botanicals will continue to buy their inputs from others. I know BHB has a processing facility, but can anyone confirm whether or not it has CBD extraction capability? Mike in the past has been very keen on verticality so it is interesting development if they are abandoning that.
    - Wish Mike could provide an update on how VFF's big box store connections for veggies are translating into additional marketplaces for BHB CBD products.
    - Threat of NASDAQ delisting is what's keeping VFF from entering US cannabis market (which we knew). VFF has highest institutional ownership of any LP. Wish someone would have asked his thoughts on CGC buying the Wana gummie company in Colorado for $300M plus 15% of future market value. Another Acreage type deal.
    - Would have liked to hear more on Altum's future growth selling medical MJ in Australia. We know PSF has fulfilled their 1st export delivery.
  • B
    BWinston
    VFF’s recent acquisition of Balanced Botanicals seems a brilliant move compared to Canopy’s right to purchase Wanna Brands upon federal cannabis legalization today.

    Balanced Botanicals revenues and CBD earnings are immediately accretive to VFF’s bottom line.

    I would imagine that THC production and sales using this companies network and facilities could be ramped up quickly upon Federal Cannabis legalization in the USA.
  • R
    Robert
    The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, today announced that it has executed a letter of intent with Société québécoise du cannabis (“SQDC”) for the distribution of its cannabis products into Québec. This marks a significant milestone for Valens entering the third-largest cannabis market in Canada, representing approximately 15% of Canadian cannabis retail sales2 in the country and approximately 22% of the Canadian population.3
  • T
    Todd
    Distant Drummer and BWinston.....On both your comments.....It's just what Mr Mike has always said, the lowest cost per gram and also a great management team is key( Warren Buffet ), the fact that VFF/PSF pulled the trigger on Delta 2 in this "Bloodbath environment" should speak volumes to investers in the likes of Canopy or Aurora plus Tilray.
  • c
    claude
    If we could trust Yahoo Analysts. at 23.50$ average target ,we could sit back and relax while we average down on the low, but I really wonder where they got those numbers.
  • K
    KathleenH
    Serious investors in Village Farms will want to tune in tomorrow for Mike D's presentation... or you can catch it later... on the company's website.

    ...the Company will participate in the Benzinga Cannabis Capital Conference to be hosted live in New York City, as well as virtually, on October 14 and 15, 2021. As part of the conference, Michael DeGiglio, CEO of Village Farms, will present on Thursday, October 14, 2021 at 1:10 p.m. ET.

    K in VA -- loaded with cannabis shares and patiently waiting for Q3 results...
    PS -- Halloween is coming!! Do YOU have YOUR pumpkins yet??
  • B
    Bulls and Bears  2007
    I check the analyst tab here on yahoo every so often… I suggest all here should do so… even if you don’t believe…. It will give you directional sentiment with expectations… today on the cnd listing one analyst has significantly raised both revenue and earnings for 2022… revenue was raised to 3/4 of a billion dollars.
  • T
    Ted
    Looks like ER will be on Friday the 12th or Monday the 15th of November. Really hoping for at least break even EPS or better. That said, I'm not expecting much of a bump between now and then or groundbreaking ER which sadly keeps me from totally loading up on single digit VFF. Any thoughts?
  • R
    Robert
    Village Farms is the #1 Canadian MJ company, yet the shorts keep pushing it lower. Can’t wait for the other shoe to drop!
  • K
    KathleenH
    Mike gave an excellent presentation, speeding over the boring stuff and spending his time slot well by emphasizing the more important points of what comprises Village Farms today and some of its current and future plans for the 'expanding village' (my term). You can see the whole thing soon if not immediately on the company website.

    K in VA
  • R
    Random
    These bids are almost too much for me. Prepare for much higher prices. Could easily jump ten cents on treasury yields.
  • B
    Big Bee
    Imagine if VFF would have bought a gummie company in Colorado for USD $297.5M and a future payment equal to 15% of the company's fair market value.
  • R
    Rob
    I am certainly a fan of the increased volume today. Hopefully this is signifying we hit the bottom and are beginning thr turnaround.
  • t
    tom
    My two cents. Haven’t been here in a while but with the optionality of Texas off the table for now, and with both segments of business break even at best, and with Mike majority holder so no buyout likely, I think this company is dead money for now