Village Farms Returns to Profitability in Q1 with Export Growth
VFF•Village Farms International posted year-on-year first-quarter sales growth and swung to net income, reversing a prior quarterly loss. Management cited growth in international medical cannabis exports, sustained Canadian market share and stepped-up greenhouse capacity expansion driving operations.
1. Q1 Financial Performance
Village Farms International reported higher sales in Q1 2026 and achieved a net profit after recording a loss in the previous quarter, marking a notable turnaround in its financial results.
2. International Export Growth
Management highlighted that increased medical cannabis exports to international markets contributed significantly to the quarter’s revenue gains, underscoring the company’s expanding global footprint.
3. Canadian Market and Capacity Expansion
The company maintained its market share in Canada while advancing greenhouse production capacity projects, positioning itself to meet growing demand and support future volume increases.
