Categories Cannabis, Earnings

Village Farms (VFF) Earnings: 3Q20 Key Numbers

Village Farms International, Inc. (NASDAQ: VFF) reported third quarter 2020 earnings results today.

Sales amounted to $43 million compared to $38.2 million in the year-ago period.

The company reported a net income of $520,000, or $0.01 per share, compared to a loss of $704,000, or $0.01 per share last year.  

For Pure Sunfarms, net sales increased 75% to CAD22.6 million while net income jumped 200% to CAD3.2 million.

Michael DeGiglio, CEO, Village Farms stated, “With 75% sequential growth in dollar sales, Pure Sunfarms’ third quarter highlighted its strong sales momentum as its leading brand continues to resonate with consumers. Importantly, this sales momentum was achieved with only a small contribution from Pure Sunfarms’ Cannabis 2.0 and bottled oil products, which were launched late in the quarter. Pure Sunfarms’ third quarter results are yet further evidence of its earnings power, based on our unique approach to the cannabis industry, with net income nearly tripling from the second quarter of this year, marking Pure Sunfarms seventh consecutive quarter of profitability.”

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Biogen posts Q3 earnings well above estimates

Biogen (NASDAQ: BIIB) reported third-quarter 2021 financial results before the regular market hours on Wednesday. The company reported Q3 revenue of $2.78 billion, down 18% year-over-year and higher than the

Infographic: Highlights of Verizon’s (VZ) Q3 2021 earnings report

Verizon (NYSE: VZ) reported Third-quarter 2021 financial results before the regular trading hours on Wednesday. The telecommunications giant reported Q3 revenue of $32.9 billion, up 4.3% year-over-year and above the

PM Earnings: Key quarterly highlights from Philip Morris Q3 financial results

Philip Morris International Inc. (NYSE: PM) reported Third-quarter 2021 earnings results today. Net revenues increased 9% year-over-year to $8.1 billion. The reported net income amounted to $2.42 billion compared to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top