Cannabis grower Village Farms' Q3 sales beat on higher exports

Village Farms International

10/11/2025 12:16

Overview

Village Farms Q3 net sales rise 21% to $66.7 mln, beating analyst expectations

Adjusted EBITDA for Q3 beats estimates, reaching $20.2 mln

Company announces $10 mln share repurchase program, reflecting confidence in financial position

Outlook

Company expects Dutch facility expansion to be operational in Q1 2026

Village Farms anticipates entering new international markets in H1 2026

Company sees capacity expansion in Canada supporting growth through 2026

Result Drivers

CANADIAN CANNABIS - Record net sales and gross margin driven by higher-margin SKUs and international export sales

INTERNATIONAL EXPORTS - 758% increase in international cannabis sales, driven by demand in Germany

NETHERLANDS EXPANSION - Drachten facility at full capacity, supporting sales growth and profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$66.70 mln
$57.95 mln (3 Analysts)
Q3 Adjusted EBITDA
Beat
$20.20 mln
$9.52 mln (3 Analysts)
Q3 Operating Cash Flow
$24.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Village Farms International Inc is $3.50, about 15.4% above its November 7 closing price of $2.96

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 41 three months ago

Press Release: ID:nGNX5gzKl8

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)