57.8 F
New York
Tuesday, December 1, 2020

Why There Could be Something Special Going on in Village Farms International Inc (OTCMKTS:VFFIF)

Must read

British American Tobacco p.l.c. (NYSE:BTI) Recent Earnings Shows Major Promise

British American Tobacco p.l.c. (BTI) shares are trading at higher $35.85 and the avg recommendation for the stock is Strong Buy, while the current...

The Alkaline Water Company Inc. (NASDAQ:WTER) is Waving the Bull Flag

The Alkaline Water Company Inc. (WTER) shares are trading at higher $1.19 and the avg recommendation for the stock is Moderate Buy. To add...

Pennsylvania Real Estate Investment Trust (NYSE:PEI) is Gaining Momentum on Earnings Catalyst

Pennsylvania Real Estate Investment Trust (PEI) shares are trading at higher $1.14 and the avg recommendation for the stock is Hold, while the current...

Daqo New Energy Corp. (NYSE:DQ) Stock is Soaring, Here is Why

Daqo New Energy Corp. (DQ) shares are trading at higher $45.26 and the avg recommendation for the stock is Strong Buy, while the current...

A cannabis stock that has been flying under the radar to some extent, but making big moves at the same time, is Village Farms International Inc (OTCMKTS:VFFIF). As a case in point, the company just announced that it has facilitated the approval by both the U.S. Environmental Protection Agency (EPA) of a novel new crop protectant, Pepino mosaic virus, strain CH2, isolate 1906, which the Company facilitated on behalf of its Belgium-based developer, De Ceuster Meststoffen NV (DCM). Shares have ripped higher in response.

According to the release, “The new innoculant, branded PMV-01®, is a mild form of the Pepino mosaic tomato plant virus (PepMV) and protects greenhouse tomatoes against aggressive forms of that same plant virus through cross-protection, which is a plant defense mechanism against viral infections.”

Village Farms International Inc (OTCMKTS:VFFIF) promulgates itself as a company that, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America.

The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant from landfill gas that generates and sells electricity to British Columbia Hydro and Power Authority.

Village Farms International, Inc. markets and distributes its products under the Village Farms brand name to retail supermarkets and fresh food distribution companies, as well as produced under exclusive arrangements with other greenhouse producers.

The company was formerly known as Village Farms Canada Inc. and changed its name to Village Farms International, Inc. in December 2009. Village Farms International, Inc. was founded in 1989 and is headquartered in Delta, Canada.

According to company materials, “Village Farms International, Inc. is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada. Village Farms produces and distributes fresh, premium-quality produce with consistency 365-days a year to national grocers in the U.S. and Canada from more than nine million square feet of Controlled Environment Agriculture (CEA) greenhouses in British Columbia and Texas, as well as from its partner greenhouses in British Columbia, Ontario, and Mexico.  The Company is now leveraging its 30 years of experience as a vertically integrated grower for the rapidly emerging global cannabis opportunity through a 50% ownership of British Columbia-based Pure Sunfarms, Corp., one of the single largest cannabis growing operations in the world.”

Find out when $VFFIF reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, the VFFIF just announced that it has facilitated the approval by both the U.S. Environmental Protection Agency (EPA) of a novel new crop protectant, Pepino mosaic virus, strain CH2, isolate 1906, which the Company facilitated on behalf of its Belgium-based developer, De Ceuster Meststoffen NV (DCM).

We’ve witnessed 10% added to share values of the company over the past week of action. In addition, the company has seen interest climb, with an increase in recent trading volume of exceeding 190% above the average volume levels in play in this stock over the longer term.

“For nearly two decades, Village Farms has been the North American leader in facilitating the registration of new, better and safer pesticides to meet the unique needs of greenhouse vegetable crop protection, vastly improving the yield and quality not only of our own crops but also those of the entire hydroponic vegetable greenhouse industry,” said Michael DeGiglio, CEO, Village Farms.  “We are immensely proud to have led the charge in facilitating well more than 150 greenhouse crop protectant approvals, including virtually every greenhouse crop protectant registered in the U.S.”

Earning a current market cap value of $272.7M, VFFIF has a significant war chest ($17M) of cash on the books, which must be weighed relative to about $36.7M in total current liabilities. One should also note that debt has been growing over recent quarters. VFFIF is pulling in trailing 12-month revenues of $194.5M. However, the company is seeing declines on the top-line on a quarterly y/y basis, with revenues falling at -11.3%. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $VFFIF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $VFFIF, either long or short, and we have not been compensated for this article.

Latest article

ToughBuilt Industries Inc. (NASDAQ:TBLT) Stock is Soaring, Here is Why

ToughBuilt Industries Inc. (TBLT) shares are trading at higher $0.83 and the avg recommendation for the stock is Moderate Buy. To add more color...

3M Company (MMM)’s Stock is Jumping, Here is Why

3M Company (MMM) shares are trading at lower $176.89 and the avg recommendation for the stock is Hold, while the current analyst price target...

Can We Expect More Volatility From Novo Nordisk A/S (NVO)?

Novo Nordisk A/S (NVO) shares are trading at higher $67.54 and the avg recommendation for the stock is Hold, while the current analyst price...

When Will Urban One Inc. (UONEK) Slow Down

Urban One Inc. (UONEK) shares are trading at higher $1.41. To add more color to this target, the company’s high over the last year...

Nordic American Tankers Limited (NYSE:NAT) is Gaining Momentum on Earnings Catalyst

Nordic American Tankers Limited (NAT) shares are trading at lower $3.32 and the avg recommendation for the stock is Moderate Buy. To add more...