10 Best Cannabis Stocks to Buy According to Billionaires

6. Village Farms International, Inc. (NASDAQ:VFF)

Number of Billionaire Holders: 4

Next on our list of the Best Marijuana Stocks is Village Farms International, Inc. (NASDAQ:VFF), one of North America’s leading growers, marketers, and distributors of top-quality, greenhouse-grown fruits and vegetables. The company’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer, and one of Canada’s best-selling brands.

Village Farms International, Inc. (NASDAQ:VFF) reported a mixed performance in Q4 2024. Its revenue of $82.55 million was up 11% YoY and topped expectations by $3.16 million. But the company’s EPS of -$0.08 missed estimates by $0.06. Over the past couple of quarters, VFF has focused its energies on prioritizing profitable sales growth over competing for low-margin business to drive volume and market share in Canada. The strategy seems to be working, as total net sales of the company’s Canadian cannabis for 2024 grew 31% YoY. VFF generated an operating cash flow of $10.5 million for FY 2024 and ended the year with cash of $24.6 million and a working capital of $53.8 million.

Village Farms International, Inc. (NASDAQ:VFF) has also worked tirelessly to expand its international footprint and recently announced the expansion of its medical cannabis distribution to New Zealand. The company aims to at least triple its international medicinal export sales in 2025 and has also commenced cultivation in the Netherlands – its first international recreational market.