Village Farms International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 07:07 am
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Village Farms International, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 82.9 million compared to USD 70.37 million a year ago. Net loss was USD 36.56 million compared to USD 4.52 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.41 compared to USD 0.06 a year ago.
For the six months, sales was USD 153.06 million compared to USD 122.77 million a year ago. Net loss was USD 43.07 million compared to USD 11.9 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to USD 0.15 a year ago.
Village Farms International, Inc. is a vertically integrated supplier of plant-based consumer packaged goods in the cannabis and cannabidiol (CBD) categories in North America and selected markets internationally. The Companyâs segments include Produce, Cannabis Canada, Cannabis United States and Energy. The Produce segment produces, markets, and sells quality tomatoes, bell peppers and cucumbers. The Cannabis Canada segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. The Cannabis United States segment develops and sells CBD-based health and wellness products, including ingestible, edible and topical applications. The Energy segment produces power that it sells per a long-term contract to its customers. Its subsidiaries include Village Farms Canada LP, Village Farms LP, Pure Sunfarms Corp, Balanced Health Botanicals, LLC, and Rose LifeScience Inc.
VILLAGE FARMS INTERNATIONAL, INC. 
