Village Farms Cannabis Company Reduces Net Loss Q3, Achieves Positive Adjusted EBITDA
Portfolio Pulse from Nina Zdinjak
Village Farms International, Inc. (NASDAQ:VFF) reported Q3 financial results with consolidated revenue of $69.51 million, a slight decrease from $71.06 million in the same period last year. However, the company significantly reduced its net loss to $1.3 million from $8.75 million in Q3 2022. The company also achieved positive adjusted EBITDA and improved consolidated cash flow. Village Farms shares were trading 1.94% higher at $0.79 per share during Wednesday's pre-market session.
November 08, 2023 | 1:31 pm
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Village Farms reported improved Q3 financial results with reduced net loss and positive adjusted EBITDA. The company's shares were trading higher in the pre-market session.
Village Farms' improved financial results, including reduced net loss and positive adjusted EBITDA, indicate a stronger financial position. This positive news is likely to have a positive impact on the company's stock price in the short term, as reflected in the pre-market trading.
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IMPORTANCE 80
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