Canada's Village Farms International slides on weak Q3 results

Village Farms International

15/11/2019 14:20

** Canada-based cucumber producer's  VFF.O  shares down 12%
at $5.98 premarket - set to fall for the fifth straight session
    ** VFF's Q3 loss more than doubles compared with a year
earlier, hurt in part by loss from Pure Sunfarms, its cannabis
joint-venture with Emerald Health Therapeutics  urn:newsml:reuters.com:*:nCNWBZGdda
    ** Sales in the company's core segment fall as sales costs
rise in Q3
    ** Q3 sales at Pure Sunfarms were constrained by limited
physical retail store infrastructure in Canada - Chief Executive
Michael DeGiglio
    ** However, VFF's Q3 consolidated sales rise, helped by
higher sales at Pure Sunfarms
    ** Stock had more than doubled this year as of Thursday

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))