Canada cannabis producer Village Farms' Q3 sales beat on higher exports
VFF•Village Farms' third-quarter sales rose to $67 million, beating analysts' $64.37 million estimate. Net income was $10 million, while international export sales increased 75% year over year to $20.8 million.
1. Sales and exports rise
Village Farms reported third-quarter sales of $67 million, above the $64.37 million consensus estimate. Record cannabis revenue reached $55 million, with about 43% from international markets; export sales rose 75% year over year to $20.8 million.
2. Margins and outlook
Net income was $10 million and adjusted EBITDA was $18.2 million. Gross margin declined mainly because of softer Canadian wholesale trim pricing. The company expects its Delta 2 expansion to reach full capacity by mid-2027 and its Netherlands facility to contribute to stronger sales growth in the fourth quarter and through 2027.
