What's Going On With Village Farms?
Village Farms (VFF) stock rose today after the company announced it acquired total interest of privately-held, Colorado-based CBD-platform Balanced Health Botanicals in the amount of $75 million. Shares of the company were trading higher 7.48% to $9.55 a share on Monday.
What Does This Mean For Village Farms?
Balanced Health develops and sells high-quality, CBD-based health and wellness products. It's rich array of CBD products include ingestible, edible and topical applications that are distributed via e-commerce and brick and mortar retail channels. The transaction gives Village instant access to the US retail CBD market, predicted to grow to $16 billion by 2025, via a well-established, profitable business.
Further, a company with excellent brand awareness, an established e-commerce platform , established retail channels, and a growing customer base. It also brings an experienced team and product categories in the US juxtaposed to Village Farms' consumer products portfolio with expansion potential across all cannabinoid products as permissible under evolving attitudes and legislation on Cannabis.
Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America.
VFF has an Overall Score of 52. Find out what this means to you and get the rest of the rankings on VFF!
Village Farms International Inc, along with its subsidiaries, owns and operates agricultural greenhouse facilities. It produces, markets, and sells tomatoes, bell peppers, and cucumbers. It also produces power. The company operates its business through segments that are Cannabis, Produce and Energy. The Produce Business segment generates maximum revenue for the company. The Cannabis segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally.
