Village Farms' shares surged 16.8% post-earnings, driven by record cannabis revenues, strong margin expansion from their Delta facility, and significant growth in international export sales, notably benefiting from their EU GMP certified production advantage.
- Achieved five consecutive quarters of positive net income and EPS since divesting legacy produce business.
- Nearly 10 percentage points year-over-year gross margin expansion attributed to record harvest yields, operating efficiencies, and favorable sales mix.
- Adjusted EBITDA rose meaningfully to $15.4 million, driven by a record Q2 cannabis segment performance.
- International export sales grew 74% year-over-year and 43% sequentially, supported by the world's largest EU GMP certified cannabis facility.
- Continued market share gains in Canadian convenience categories and strong positioning in German and broader European markets.
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