Village Farms CEO Highlights Momentum For Profitable Expansion, Clocks 11% Jump In Q4 Sales
Village Farms International, Inc (NASDAQ:VFF) reported fourth-quarter sales of $82.55 million on Thursday. That’s up 11% year-over-year, beating the consensus of $79.87 million.
Fourth quarter and full year 2024 consolidated financial results were impacted by a $10.5 million non-cash impairment charge related to non-flower inventory in Canadian Cannabis that management determined did not meet the company’s quality standards.
Consolidated adjusted EBITDA loss was $3.5 million compared with $700,000 a year ago. Excluding the inventory write-down in Canadian Cannabis, adjusted EBITDA would have been $7 million.
Also Read: This Week In Cannabis: …