VFF

Aggravating_Fee7018

Nice - the real Degen bet if $VFF

FoodCooker62

Yes I do not think that there is any industry that has produced such catastrophic losses sector-wide. Even the relatively succesful companies have seen a 90% or more decline compared to their highs.  Part of this is that the valuations were absolutely bananas. Companies like Tilray or CGC traded at 100-200x revenue at their 2019 peaks and 20-40x revenue at their 2021 peaks - while producing EBIT margins of -50% and net margins of up to -250%. There was only one way for stock prices to go from there: off a cliff.  The general issue, and why I think that this sector remains uninvestable, is that this sector has an insane ability to misallocate capital to bad actors. The highest valuations have always been assigned to the absolute worst performers. Liquidity is key: as long as your stock has high liquidity, you get infinite capital through dilution. Even now, after burning a combined 15 billion CAD of shareholder capital,  CGC and TLRY trade at a huge premium to other companies like HITI, VFF or OGI which have fared infinitely better in every sense.  The bad actors in this sector know that all they have to do is wait for the next meme-y hype run and then they can print some more shares and survive. Rinse and repeat. Some good news in MSOS? CGC shoots up 60% in two days. Print some more shares and another quarter is covered for. We need to see these companies perish before a sustainable uptrend can be achieved. 

Difficult_Fig_1582

VFF 100% buy

manualCAD

Surely there are worse humans out there. Like the CEO of VFF!

TomorrowLow5092

VFF is still the Boss.

Difficult_Fig_1582

VFF all the way for me

manualCAD

One more of these and I'm gonna start short selling VFF

TomorrowLow5092

US Pot stocks are held together with hopes and dreams. VFF has taken over Canada, is growing revenues and expanding operations in multiple countries. VFF is the Boss. When the federal government in your area legalizes marijuana in two years, VFF will still be the Boss.

mfairview

VFF has gone from about .50 to .75 in about 2 weeks. Appears the recent extension from NAS and new loan refi have taken some uncertainty off the table. Let's get this puppy over $1 once and for all. 112m outstanding, 89m float. I still consider it the best operational LP around.

TomorrowLow5092

It's tea leaf Friday. Please take a seat and look at what we have here. Some are ripping on low volume. A few were early with a lot of premarket action and still moving up. Most of this is smokem Friday, nothing has changed yet wrist action. Wha, wha. But the real deal is VFF. Taking over Canada and expanding Internationally. REALLY growing revenues, not just tomatoes. When the US comes around, and it might. Look out, VFF will be in your business. VFF is Boss!

tstrand1204

A couple more weeks to get into VFF before Netherlands results start hitting earnings

GeoLogic23

I don't think CGC or TLRY have been the largest cannabis companies for a long time. That would be Curaleaf and Green Thumb, right? And VFF is spiking just as much? More than Tilray even. I'm confused what exactly it is you're upset about here?

FoodCooker62

CGC and TLRY diluted for half a billion CAD in just the last 12 months alone. Thats the market cap of OGI, Auxly, VFF, Decibel and Rubicon combined with some left over just for the hell of it. These funny meme spikes are only prolonging the sector being an uninvestable cesspool. Troll tier sector until the troll tier companies stop being the largest. 

wentzco

Well VFF is a major distributor of Mexican grown tomatoes in addition to their greenhouse facilities in Texas (& Canada). I did a dash of research via Grok's help. * Distributed Volume: The Mexican tomatoes they distribute likely exceed their own U.S. and Canadian production in volume, given Mexico’s dominance in U.S. imports (91% of U.S. tomato imports). * Tariff Impact: As noted earlier, the 20.91% U.S. tariff on Mexican tomatoes starting July 2025 could increase costs for Village Farms’ distributed Mexican tomatoes, potentially making their U.S.-grown tomatoes more competitive.

Gambelero

Look at the prices. Not sure Mexican shipping tomatoes compete much with VFF level products.

Difficult_Fig_1582

All pot stocks been suffering. VFF seems to be the one finally moving forward

sdkiko

Tariffs on Mexican tomatoes means $VFF is going to print right? ... Right? :(

sdkiko

Calls on $VFF

Designer_Tomorrow962

Seems like DBCCF and VFF have a pretty strong competitive advantage now.

FoodCooker62

So when is CRON going to deploy that scrooge mcduck cash balance? They can buy VFF and OGI together five times over 

Gambelero

I disagree. There have been multiple periods of excitement (going back to the Cannabis 2.0 liberalization in Canada) about beverages. I pointed out then, and still feel it’s true now, that beverages comprised just a tiny share of mature markets like California and Colorado where enthused food and beverage products had been around for years. The problem with hemp derived stuff is that it’s unregulated to the point where whatever residuals do come will split among thousands of producers. I also remember pointing this out here during VFF’s Texas Hemp run-up and the period of absolute infatuation with Charlotte’s Web as the primary pure hemp (then CBD) meme-play.

PDXOSU

I’m only holding Planet 13 right now but VFF and Green Thumb keeps calling me for some reason.

sdkiko

So, where are all the people saying that $VFF's problem is their produce division? Because that was profitable last Q, unlike cannabis

FoodCooker62

Yeah it was puzzling to me. Non-cash, non-flower... So vapes was my first thought as well. But they did not meet quality standards? So why not take it up with the manufacturer? VFF was never a big player in vapes and redesigned their whole process a while back. Perhaps this was from the old batch, but I need some transparancy here. Given that its purchased from a third party it seems like quite a waste of capital. 

FoodCooker62

Their valuation is still multiple times richer than competitors, many of which have better margins and actual growth. If tilray would be valued like VFF or OGI on an EV/sales basis their share price would be roughly 20-25 cents. From that perspective it makes sense to issue shares now that the valuation is still high. 

UsualOk7794

VFF was important enough to include here? Must be pretty slim pickens this week.

FoodCooker62

Auxlys recent turnaround was impressive but it surprises me that its the same value as VFF, which has roughly 3.5x the tangible book value. 

NoOcelot

In the dank, dark world of Canadian LPs, people are still sleeping on Auxly. With the recent runup to $0.08, XLY's market cap is now $111M, just above VFF and at par with Cannara (which is also rising from the dead)

Heyumpp

Watching idi0ts like you jump into ridiculous memestonks in 2021 and being jealous of big gains from loser stonks. So I went and bought bigly (and averaged down repeatedly) on legit growth stonks like WISH ME VFF and CLNE.

mfairview

You can currently swap 1 share of TLRY for 1 share of VFF right now :-)

GuyOnTheCouch420

Interest income is real for Cron lol. ACB had bullshit non-cash items but also had actually positive results. Cron, ACB, VFF, OGI (unless they do more dumb shit like motif) all seem investable now. Maybe SNDL but so many moving parts it’s hard to track and scared of their US holdings given the market. I think all the above LPs trade at a discount because ppl just watch CGc and TLrY and assume the rest are the same

4Inv2est0

OGI badly needs federal excise tax reform ... TLRY and VFF as well.

mrhairybolo

Cannara biotech and MTL Cannabis are both way better plays than all of those. Profitable and poised for tons of growth. CRON is extremely overvalued and VFF is a piece of shit. HITI is valued fairly high, but there is some room for growth to $5 CAD. $LOVE is the only Canadian cannabis stock I would and am putting money into right now.

Crypt1c_Sesh

You can regain compliance like VFF did just to reset their compliance period allowed so this is false. There are no "special considerations".

RiseOverRunDMC

Yep, and next year they finish the other Netherlands facility that will supply 4x what the first one sells. Looking forward to when VFF is above a dollar and tlry gets delighted.

tstrand1204

VFF will be above $1 after next earnings. Netherlands up and running

skyplt29

Probably a year or so after VFF gets booted...

sdkiko

I never thought I'd be saying this, but buying some canadian exposure right now might be a great, great play. I've started accumulating a bit of $VFF, $CRON, $HITI and I threw a couple hundred bucks at Rubicon because why not.

ElementalTC1

VFF

ElementalTC1

VFF would fly with some AH volume

mrhairybolo

VFF sucks

TomorrowLow5092

I am bullish on VFF, I chose my horse a long time ago. Worst investment/Best investment of my life. My bags are so full, I had to trade in the horse to hold these bags. I think we are all in the same coral waiting to break out!

TomorrowLow5092

OGI is a big seller in Canada. They bleed every quarter though. The tax structure of cannabis in Canada leaves the business no choice but to reinvest profits into growth vs earnings. The best operators have expanded and export into new markets around the globe. Hopefully this year we will see a better tax structure for growers in Canada, this will have an immediate effect on OGI, VFF, and TLRY. They are the top three in Canada.

cannabull1055

Tilray is at $.94. That is a fact. On a 1 year chart, out of VFF, Organigram, Cronos, Sundial, Aurora, Tilray and CGC ----- Tilray and CGC are the only stocks down 50% or greater , with the most of the stocks being flat, up, or down less than 25%. Those are facts. You keep telling yourself those lies.

Old-Outside6894

I own GTI and MRMD. 5k SNDL and 10k VFF. GTI is my retirement fund, MRMD is my personal fun money fund, the other two are let’s see where they go but won’t add more.

cannabull1055

valuable from worthless items? Your stock price is in free fall and you keep getting diluted lol good to know nothing has changed from your perspective. I will check back in when Tilray is trading at 80 cents. Lol you continue to lie buddy. Keeping telling yourself "Pretty much industry wide due to current administration and legal restrictions." Look at 1 year chart of Organigram, Sundial, Cronos, Aurora, VFF and compare that to Tilray. Those are the good LPs. Look at Tilray. The chart looks much different. You continue to lie to yourself. Numbers do not lie.

sdkiko

"• Company implications: We will not delve in this report into detailed company read, but in principle most Canadian LPs with export capabilities (EU GMP certified manufacturing and processing facilities; overseas distribution capabilities and route to market, or at least established distribution partnerships; know-how to navigate the regulatory complexities), should benefit from the rise of the overseas MMJ markets. In C$ scale, the largest (in alphabetical order) are Aurora, Canopy Growth, and Tilray. Both CRON and OGI also have arrangements overseas. Companies like Avant, Decibel (see our note on the AgMedica deal), Rubicon, SNDL, and Village Farms, are also gearing up for export growth (in fact, VFF says about a third of its B2B sales in Canada end up being reexported). Note: VFF is one of ten licensees in the Dutch rec pilot"

Russticale

If i had cash and balls, ACB and SNDL would have been on my buy list last 6 months.  Companies are looking much stronger financially now n days than they did 4 years ago.   VFF too, id take that.

GeoLogic23

It did confirm that international medical sales are growing. Why aren't you complaining about VFF going up?

SuzyCreamcheezies

Yes, I was aware of the Jones Soda connection in Canada, but that feels more like a contract than something more. Kind of like Cookies appearing in the Canadian market and backed (I think) by VFF. There is certainly a web of connections. It will be very interesting to see what moves Tilray would/could make should barriers drop in the states.

Zarmit

VFF reports in USD

TomorrowLow5092

VFF is a good investment expanding International sales and growth in cannabis.

Twist_of_Fate_44

Trade war effect. Mexico just threatened massive retaliatory tomato taxes and VFF is the USA's largest domestic grower.

Intelligent-Club1352

VFF blew up at the end of the day. I wonder what happened there

Tommygun194

Should have doubled up on $VFF.

sdkiko

The fact that you had $1 million to spend on a Cannabis company and you chose TLRY is nuts. Green Thumb has insane financials. CRON has a billion dollars in the bank and Altria behind them. VFF has penny stock breakout potential. IIPR is a real estate / cannabis play. High Tide is showing retail promise. And you went with Tilray. I wish you the best of luck, you're going to need a short squeeze because anyone who remotely understands financials is staying away from this unprofitable dilution death spiral.

stevetronix

VFF is a penny stock that trades incredibly poorly. The terrible chart speaks for itself. Stay far away from it!

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TomorrowLow5092

The shorts must have taken Friday off. Nothing but green for no reason on low volume, except for IIPR. I'm sorely overly invested to feel hope on a Friday but here we are splashing around in the green. Go VFF.

FoodCooker62

The question remains how much would actually remain on the bottom line as opposed to what part ends up being cut from the price to capture market share. Potentially the consumer would win again if weed gets cheaper. I agree that VFF stands to gain an enormous amount. They pay nearly their market cap in excise taxes alone. 

tstrand1204

The news on Canadian excise tax reform coming in 2025 is pretty bullish for the LPs. If they cap it at 10%, that would be worth like $50MM to VFF's bottom line, making them a highly profitable company.

4Inv2est0

Will be interested to see if there will be further discussions regarding excise taxes + LPs margins... LPs green today I imagine? OGI, CRON, ACB, VFF?

SuzyCreamcheezies

It seems that my other reply was shadow-banned... I wonder why! You have little understanding of the process if you genuinely think Tilray will reverse split in the next 12 days. The process would stretch well into 2025 and possibly beyond, if it even came to it. Look at VFF, which first ducked below a dollar in March 2023. No reverse split yet.

SuzyCreamcheezies

Semantics. They currently have no plans, because they currently have no need to reverse split. That may change mid-2025... who knows. Look at VFF as an example. They first ducked under a dollar back in March 2023. They've bounced around that range, reaching above a dollar here and there, but have yet to reverse split. The runway can be quite long.

Slampsonko

Guess VFF didn’t get the memo today.

Intelligent-Club1352

Anyone know why VFF is ripping?

Healthy_Equipment523

Ya, this is why I was selling TRUL at 17$ and now buying it back massively at 8$. The fact it's down is a good thing if you have money to buy or average, bad thing if you wanna sell. Only LP worth checking imo is VFF, CGC is a dumpster fire dude you should just realized it and take your loss.

KAI5ER

I gotta hope VFF farms had a call with their lawyer after that.

LargeMove3203

OMG hilarious. Can you imagine if you are VFF and the lawyer you are paying says he can't make the hearing cause he's on vacation??? He already bought the tickets. LOL dude this is your moment. skip the trip. send the wife and kids.

sdkiko

$VFF

TomorrowLow5092

VFF has reinvested their earnings into more segments of revenue. Also, if the demand picks up they already have everything in place to grow fewer vegetables and more flower. New revenues from Netherlands will be coming soon. They export to multiple Countries from Canada with increased sales yoy. My take is they are a quality brand quite different from all the rest.

FoodCooker62

I only hold two cannabis stocks, HITI and VFF. They used to be the same size in terms of allocation but Hiti has since taken off while VFF keeps stumbling with the rest of the sector. I hold roughly 30k shares making it a significant investment for me.  The primary bull case is that VFF is the indisputable low-cost producer in Canada. The stock does nearly $350M in yearly revenue (split roughly 50/50 over produce and cannabis), has $210m in net tangible assets (primarily greenhouse infrastructure spread across Delta, B.C. and in the permian basin in Texas), and their current assets nearly cover their total liabilities. Thus the company has very little leverage compared to other LPs. The stock is worth $85M in market cap which is roughly the amount of excise taxes that they pay yearly, which is mindblowing to me.  Its usually hovering at #2-#3 in national market share but this share is heavily concentrated in flower and prerolls. Nearly no presence at all in vapes and other categories. I continue to buy the stock as it trades for nearly nothing yet has a competitive business model backed by strong assets. For $0.78 a share its a no brainer for me. Its also worth noting that the CEO owns 10% of the company and is still with the company since it was founded nearly 40 years ago.  That said, I hold my nose while I keep my shares. Like any LP it is tethered to the group whose sentiment is decided by TLRY and CGC. Like High Tide, it will have to scream at the market to take it seriously until it cant be ignored any longer. 

sdkiko

Since you guys are probably tired of me pumping the same thing, let me spare you this Sunday and pump $VFF instead. I've been watching this ticker for longer than I care to admit without opening a position. I've seen it go $15+ on the NASDAQ twice and facepalmed for not riding it. I opened a small position recently (1000 shares) and am waiting for the market to tell me what it thinks before I expand it. Village Farms used to grow tomatoes and vegetables. When Canada legalized, they converted some of their operations to Cannabis and entered the market with the Pure Sunfarms brand, most known for the affordable and consistently decent Pink Kush they offered. Their financials were never great. In 2021, their EPS was (0.11) on 82m shares outstanding. In 2022, their EPS was (1.13) on 89m shares outstanding. In 2023, their EPS was (0.29) on 109m shares outstanding. For the last 3 quarters so far in 2024, they have reported (0.03) in March, (0.21) in June and (0.01) in September. We are now sitting at 112m shares outstanding. So, that's 35% dilution in 4 years without a single profitable quarter. That's tough to invest in, right? But now I need you to think about the broader context. The market up here in Canada has been bru-tal. The taxes, red tape and competition that they had to deal with up here should not be understated. In fact I would like you to take a look at the metrics above for TLRY, ACB, CGC and you will see what a real disaster looks like. Even HITI, one of the strongest performers up here has struggled to achieve profitability. But here's the good news: there has been lots of talk about the government giving the industry a break, (including tax-wise) and sales are increasing. I sincerely believe this company is about to turn, and stay profitable. "The Vancouver-based company reported a 19% year-over-year increase in total sales, reaching $92.1 million. Notably, Canadian cannabis net sales surged by 45%, while retail branded sales grew by 35% over the same period. The company also recorded another quarter of positive adjusted EBITDA and operating cash flow, further reinforcing its market position." https://www.benzinga.com/markets/cannabis/24/08/40442427/village-farms-new-ceo-employment-agreement-amid-business-expansion-and-cannabis-sales-surge https://www.ctvnews.ca/canada/federal-cannabis-review-calls-for-look-at-tax-structure-among-54-recommendations-1.6817581 They are also NASDAQ listed with their US operations in vegetables and a prime target for anyone looking for a merger uplisting. They have $30m in cash with another $30m receivable. $4m of current debt and $30m of long term debt. They also have better branding than 90% of the competition, take a look at their website: https://villagefarms.com/ This is not financial advice.

sdkiko

$VFF

sdkiko

$RDDT... Don't sleep on something you use all the time. With growth to come in Latin America, Asia, Europe... Google is fucking watching everyone type "Reddit" at the end of their search. They are also paying Reddit to scrape and train AI. $GTBIF, $HITI, $VFF, $IIPR in Cannabis $CRSR in gaming/computer peripherals Everyone will just post what they own. Including myself :)

sdkiko

I've got a feeling with $VFF. The type of feeling that makes you lose money 🥰

theduderino38

I’m not holding any VFF but I have 1250 GTII shares @ $8 amongst thousands of other shares of LPs and MSOs. Trulieve used to be my biggest holding my market share until their spectacular A3 fall from grace- but now GTII is my top cannabis position (by current market share)

sdkiko

Who is willing to share positions? I will start: 2400 GTII @ 12 CAD 1000 VFF @ 0.77 US

bananastock

Finally finished reading Matthew Zorn and Shane Penningtons argument to the DEA ALJ regarding stocking the deck of the DPs and why DEA should be excluded. I think this may be rigged and if for some reason it successfully moves to S3, it will be in part because of VFF, hemp for victory and Matthew and Shane.

sdkiko

Bought some NASDAQ $VFF @ 0.77 USD

Cool_Ad_5101

Interesting take thanks. Not interested in VFF though GTII better pick

TomorrowLow5092

She is pro Trump in every way. She was there to help him with his impeachment trial. Trump stole money from a charity to donate to her campaign and was fined. They shared an intimate moment laughing at how the criminal justice system is only effective against the poor. Two criminals helping each other. Nothing for us to get excited about. In other news, VFF is going to make more money Internationally than in Canada, load up.

TomorrowLow5092

VFF has production of marijuana under the name Leli Holland in Netherlands. The rest of the world is waiting for their Pink Kush. Texas could have Pink Kush some day.

sdkiko

$VFF is behind the petition to remove the DEA itself. I love it.

TomorrowLow5092

Canadian stocks that sell to Europe have a long runway. My money is on VFF for that reason. They had a huge advantage if S3 goes legal in Texas, but we know that's not going to happen. VFF has their own production in Canada and Denmark and can ship cannabis legally to Germany and Europe from Canada. They have an unlimited amount of space and resources to grow as much as they can sell. Some people think VFF is a takeover target, but it won't be sold. They are multi branded and will offer more products in the future. US pot stocks are a huge red flag after losing so much value in one month.

FoodCooker62

About 60% of my assets is in high tide and about 30% is VFF. I believe the companies are unfairly beaten down in a sector that is facing mass capitulation mostly caused by political disappointments. I will happily add to both as long as they continue to perform and the market keeps offering irrationally cheap entry points. 

GeoLogic23

In general there aren't a ton of public hemp companies, but I consider most LPs to be hemp plays to varying degrees. You have Tilray, Canopy, OGI all actively involved with US hemp right now. Companies like Cronos technically left the US hemp market a while back, but they [continued to lobby for hemp](https://lda.senate.gov/filings/public/filing/263e53bf-9401-4224-b740-2dd6acdcdbba/print/). I think VFF has some very interesting potential given their Texas connections and CBD interests. High Tide has CBD connections. You get the idea. I think federally legal companies will want to only deal with federally legal products. Some other hemp connections besides the main LPs: **Curaleaf** we know is involved with hemp with gummies/beverages, and has been connected to the hemp industry for years **Green Thumb** has relationships with Cann and Lifted Partners for hemp products. They license their Incredibles brand to Lifted. **Glass House Brands** is actively talking about moving into hemp, and this makes a ton of sense for them. They are all set up to start growing hemp in their new greenhouse if they want to. **Flora Growth** is an intriguing mix of CBD/hemp, beverages, and Germany. They are run by the super sketchy Clifford Starke though (involved in the Aphria short report) so beware. Starke also chairs the US Hemp Roundtable, so he's got significant connections. **Jones Soda** is a smaller company, but a direct way to invest in hemp beverages. This is another company associated with sketchy insiders from the Aphria short report though. **Charlotte's Web** is one of the most well known names in CBD, and one of the few pure play hemp companies you can invest in. They have always been adamant about not touching intoxicating products though, so I'm curious if that changes. CWEB is partnered with Tilray, and have the BAT connection with OGI. **InterCure** isn't a US hemp play, but they deal with medical cannabis and CBD in Israel and the EU. They have relationships with OGI/CWEB/Tilray, so lots of hemp connections. Israel will hopefully revise their CBD laws soon as they were supposed to have done a while back (war delayed things), and once that happens I think InterCure's partnership with CWEB should kick in. **Lexaria Biosciences** deals with CBD a bit, and has had a relationship with InterContinental Beverage Capital, who are into hemp beverages. **Perrigo** is a pharma company that took a stake in CBD company Kazmira a few years back. I assume they are still connected. **Jazz Pharma** of course is very involved with CBD via Epidiolex **Better Choice Company** is a pet care company that has tons of cannabis connections going back years, including Bruce Linton, Authentic Brands Group, Arlene Dickinson, Michael Young, etc.. They were doing CBD years ago, and I expect them to get back into it in the near future. Note that pet care is a CBD-only play, as THC is toxic to cats/dogs. **Lifted Partners** is an ultra penny stock, but they are a hemp company associated with Green Thumb. Absolutely zero liquidity. **Akanda Corp** just got an hemp cultivation license a couple months ago in Canada. Not super related to US hemp at the moment, but I just remember that headline. **Maverick Lifestyle** is a pre-IPO hemp company that Bruce Linton is advising. **Synbiotic** in Germany seems to be the most hemp-focused German company, and they are also associated with Bruce Linton. I'm sure there are some other companies I'm forgetting at the moment. There are definitely some other random ones that have died recently. I can think of Hempacco off the top of my head. Then you have the tobacco/alcohol stocks you could invest in if you are looking for a safer, more long term approach to investing in hemp. I personally had a good bit in BAT, though I sold a large amount of it not long ago after they had run up a lot. I will hopefully roll some cannabis gains back into them in the future.

noobstockinvestor

LPs are surprising me lately. VFF, sundial, acb, hiti are crushing it.

Slampsonko

VFF giving me a glimmer of hope with its quarterly report.

Dew_Master_Flash

I have 500 shares, sold some at 3 because it was going up for no reason (i understand its undervalued in general). I would buy more. Rotated half out of trulieve and into VFF (which has a pretty great quarter) and GTBIF (which i think will smash earnings tomorrow.

4Inv2est0

I asked what you like in the VFF discussion but maybe it's better here. I have looked at the financials. Gross margins don't cover their SG&A. Cash is way down. Debt is present, and lots of it compared to cash. The only thing I like about them is their positive cash from operations. Pretty solid! That said, still down $6.6m in cash for the period due to other activities. Definitely not a dumpster fire, but specifically are you bullish on? Their ability to improve to the point they can pay their debts?

Intelligent-Club1352

Damn OK VFF I see you.

FoodCooker62

I would label this quarter as strong. Continued growth and good profitability compared to industry peers point to sustainable performance in the Canadian cannabis sector accompanied by more feet dragging in the produce department. Operating income is heavily impacted by nearly $6m of amortization, but overall this business is still humming around a break-even to slight profitability basis in a heavily competitive and restrictive tax environment. Just this quarter VFF paid nearly $18M in excise taxes. Annually that's around $70M, which is only a little less than VFF's entire market cap. VFF might have the dubious distinction of being the only NASDAQ-listed company that pays almost its entire market cap in taxes annually.  Also interesting to note that the energy business is finally churning out some noteworthy cash flow. It also makes VFF less reliable on natural gas from other sources, which could help in a black-swan type event such as in 2022. It is noteworthy that total assets was reduced by nearly $45M YoY. Goodwill and intangibles was cut down by $16M, and total liabilities was also reduced by $15M. The rest of the sum was inventory clearance, so this is something to keep an eye on. VFF's current assets now nearly eclipse its total liabilities, so from a leverage point of view the company is healthy.  The primary problem for VFF is that although they outperform competitors in terms of margins, competitors like Tilray are valued so, so much higher in terms of sales or tangible book value multiples (oftentimes 4 to 6 times higher) that they can fill the gap in profitability by raising capital much more efficiently. This is actively being done as Tilray share count is up 22% YoY while VFF's is essentially flat. But this does provide Tilray with about $300M of funds which they used to acquire businesses and pay losses. These are amounts of money that VFF simply does not have access to. VFF will need to be able to turn their break-even business into sustainable profitability if they want to be recognized as a market leader and obtain a multiple that reflects the reality of their competitive cannabis business. Perhaps their operations in the netherlands will be able to provide this.

Russticale

Luckily I unloaded a lot on Monday selling into strength. Was holding some MSOS, SNDL, VFF, VRNOF, TSNDF, from swing trades but lost on NLCP. I'm sitting fairly insultated due to rolling money into MRMD which usually shows strength relative to the ETF on these capitulatory days. Lower cap, higher risk, but seems to weather the tough days. Earnings tonight so could be a mistake, but I've been buying on the weakness of the sector today.

hambone_83

The order included a letter from the DEA’s Anne Milgram listing her approved list of witnesses: Village Farms International (VFF), Shane Pennington of Porter Wright National Cannabis Association (NCIA) Aaron Smith and Michelle Rutter Friberg American Academy of Hospice and Palliative Care, Dr. Chad Kollas MD Cannabis Bioscience International Holdings, John Jones Hemp for Victory State of Connecticut Cannabis Ombudsman Erin Kirk Massachusetts Cannabis Advisory Board, Ellen Brown Veterans Initiative 22, Shanetha Garulay The Doc App, dba My Florida Green, Nicholas Garulay, Jason Castro The Commonwealth Project, Katy Green Saint Michael’s College, Ari Kirshenbaum PhD National Drug and Alcohol Screening Association, Jo McGuire Smart Approaches to Marijuana, Patrick Philbin International Academy on the Science and Impact of Cannabis, Roneet Lev Cannabis Industry Victims Educating Litigators, David Evans Sr. Kenneth Finn MD National Transportation Safety Board, Jennifer Homendy Phillip Drum, Pharm D State of Nebraska, Attorney General Mike Hilgers International Association of Chiefs of Police Drug Enforcement Association of Federal Narcotics Agents American College of Occupational and Environmental Medicine, Natalie Hartenbaum Community Anti-Drug Coalitions of America, Sue Thau Tennessee Bureau of Investigations National Sheriff’s Association The participants were told that they needed to provide additional information by November 12 including their names, addresses, phone numbers and the general mission of their practice or business.

skyplt29

cannabull...a good question and something I am asking myself right now.  A bit late in the game perhaps, but given most of the MSOs are beaten up as well I have decided to do some more rebalancing of LPs and MSOs.  Tilray (ACB, WEED, VFF) are challenged unless Canada changes its excise tax.  

GeoLogic23

1 year price changes: HITI +47% OGI +41% SNDL +21% VFF +17% CRON +13% ACB +3% TLRY -21% CGC -41% Feels like the market is discerning some differences if you look over a longer time period.

NoOcelot

VFF's weed business is consistently great. They are dragged down each Q by their US greenhouse operations. If Emerald hadn't screwed up with cash burn and been absorbed by VFF, they'd be a winning LP now. OGI and XLY are two LPs in Canada that have now shown actual net income (not just magical adjusted EBITDA+) for 2+ quarters. IMO those two LPs have turned the corner, the rest have not.

TomorrowLow5092

A lot of after-hours activity. VFF has traded 184k shares, hope for a better tomorrow.

GeoLogic23

Insider buy from VFF. About $20k. [SEC FORM 4](https://archive.fast-edgar.com/20240927/AD2QQQ23Z222GZ2Z2Z2U2Z42VUHRZK22Z262/)