11 Best Cannabis Stocks To Invest In

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

Number of Hedge Fund Holders: 6

Village Farms International, Inc. (NASDAQ:VFF) stands as 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.

In Q3 2024, Village Farms International, Inc. (NASDAQ:VFF) continued its solid performance with total sales growth of 20% YoY to $83.4 million, with strong top-line growth in both Canadian cannabis and fresh produce. It also maintained the #1 market share in flower in Canada and then grew that market share by 2.7% during the third quarter. The company remains focused on innovation and introduced a new strain called Neon Lambo, and is also set to launch new brand and product introductions in the vape and infused pre-roll categories in the next two quarters. However, Q3 still ended with a loss of over $212,000, though it was much better than the loss of over $900,000 incurred during the same period last year.

Village Farms International, Inc. (NASDAQ:VFF) is benefitting from its focus on the international cannabis market. Exports from Canada increased 111% from the third quarter last year, with continued improvement in sales to its German, Australian, and UK partners. Moreover, the company’s EU-GMP certification has been recently renewed and it has also commenced cultivation in the Netherlands – its first international recreational market. Sales are set to commence during the first quarter of 2025, catering to a fully legal market estimated to be between $3.1 to $3.7 billion annually. Unlike Canada, there is no excise tax in the Netherlands, which will enable the company to offer much more favorable product pricing.

Village Farms International, Inc. (NASDAQ:VFF) is included among the Biggest Vertical Farming Companies in the World.