Top Canadian Cannabis Producer Village Farms Strengthens Board Of Directors As It Eyes Legal Weed Opportunities In Europe
Portfolio Pulse from Jelena Martinovic
Village Farms International (NASDAQ:VFF) reported a 49% increase in cannabis sales to $37.4 million, marking a strong start to the fiscal year. The company is strengthening its board with the addition of Carolyn Hauger, who has extensive finance and operations experience. Village Farms is focusing on expanding its cannabis market in Europe, particularly in Germany, where it has begun shipping its Canadian strains. The company's shares saw a slight increase in price following these announcements.
May 13, 2024 | 2:17 pm
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Village Farms International reported significant growth in cannabis sales and is expanding its European market presence, particularly in Germany. The addition of Carolyn Hauger to the board is expected to strengthen the company's financial and operational strategy.
The reported increase in sales and strategic board enhancement, coupled with the expansion into the European cannabis market, particularly Germany, indicates a positive outlook for VFF. These developments are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on the stock price.
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