May. 15 at 9:41 PM
$VFF
ATB on Village Farms
Village Farms reported solid Q1/26 results, with beats on revenue and adj. EBITDA.
We believe the fundamental outlook for Village Farms remains strong as global demand continues to grow at attractive rates, and the Company maintains a differentiated competitive position as a high-quality, low-cost, large-scale supplier to international markets.
The Company’s balance sheet remains robust with
$55.5M of cash and only
$35.7M of debt exiting the quarter, which provides flexibility and optionality to invest in M&A, organic growth initiatives, and additional share buybacks.
We believe that rescheduling reform in the US could add material upside to the story, considering Village’s presence in Texas and world-class cultivation expertise.