Village Farms International: Analyst Reduces Price Target But Maintains Overweight After Q4 Results

Village Farms International Inc. (NASDAQ:VFF) recently reported its financial results for Q4 2022 in which revenue was $69.5 million, a decrease of 5% compared to $72.4 million in Q4 2021.

Michael DeGiglio, Village FarmsCEO, commented on Thursday: “The fourth quarter of 2022 once again demonstrated the momentum in our Canadian cannabis business as investments in new brands and product innovations contributed to 25% year-over-year growth in retail branded sales and our 17th consecutive quarter of positive adjusted EBITDA.”