Village Farms' 1Q26 results beat expectations as total net sales rose 27% year-over-year, driven by a 171% surge in international export sales and sustained price stability in key markets. The 3.9% stock lift reflects investor approval of expanding global cannabis operations and capacity enhancements.

• Total net sales increased 27% year-over-year, with a modest 2% sequential gain despite capacity constraints ahead of planned expansion.
• Adjusted EBITDA more than doubled (+118% YoY), supporting the company’s fourth consecutive quarter of positive net income.
• International exports reached nearly $15 million, up 171% year-over-year and 60% sequentially, led by growth in Germany where Village Farms holds multiple top cultivars.
• Pricing for EU GMP-compliant flower remained stable in international markets, contrasting with broader industry price compression.
• Expanded production capacity at the British Columbia facility now positions Village Farms as having the world’s largest EU GMP-certified cannabis operation, reinforcing competitive advantages.