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.”

Also Read:  Key highlights from JD.com (JD) Q3 2020 earnings results

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

Most Popular

Nutanix reports narrower loss than expected in Q1

Nutanix (NASDAQ: NTNX) reported first-quarter 2021 financial results after the regular trading hours on Monday. The software firm reported Q1 revenue of $312.8 million, down 0.6% year-over-year, but higher than

Urban Outfitters (URBN) Q3 Earnings: Key financials and quarterly highlights

Urban Outfitters, Inc. (NASDAQ: URBN) reported third quarter 2021 earnings results today. Net sales decreased 1.8% year-over-year to $970 million. Net income was $77 million, or $0.78 per share, compared to

Earnings reports to watch for the week of Nov. 23

After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed

Top