Village Farms International Inc
NASDAQ:VFF
NASDAQ FSI:D. Deficient (Issuer failed to meet continued listing requirements)

  • LAST PRICE
    0.7648
  • TODAY'S CHANGE (%)
    -0.0048 (-0.6237%)
  • Bid / Lots
    ---/ ---
  • Ask / Lots
    ---/ ---
  • Open / Previous Close
    0.7587 / 0.7696
  • Day Range
    0.7587
    0.7889
  • 52 Week Range
    0.5800
    1.6200
  • Volume
    448,195

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  • Nov 19, 2024

  • Nov 7, 2024

      Show headlines and story abstract

    • 7:15AM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: VFF
      07:15 AM EST, 11/07/2024 (MT Newswires) -- ...

    • 7:11AM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: VFF
      07:11 AM EST, 11/07/2024 (MT Newswires) -- ...

    • 7:00AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: VFF
      Consolidated Statements of Operations and Comprehensive Income (Loss) (In thousands of United States dollars, except per share data) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, ------------------- --------------------- 2024 2023 2024 2023 -------- -------- --------- --------- Sales $ 83,368 $ 69,510 $ 253,627 $ 211,378 Cost of sales (67,660) (54,889) (213,158) (172,958) ------- ------- -------- -------- Gross profit 15,708 14,621 40,469 38,420 Selling, general and administrative expenses (16,540) (15,822) (52,593) (49,980) Interest expense (784) (988) (2,606) (3,532) Interest income 229 262 757 741 Foreign exchange gain (loss) 352 (971) (929) (302) Other income (loss) 379 (19) 528 5,613 Goodwill and intangible asset impairments -- -- (11,939) -- ------- ------- -------- -------- Loss before taxes (656) (2,917) (26,313) (9,040) (Provision for) recovery of income taxes (94) 1,664 (674) (269) ------- ------- -------- -------- Loss including non-controlling interests (750) (1,253) (26,987) (9,309) Less: net income attributable to non-controlling interests, net of tax (70) (46) (234) (6) ------- ------- -------- -------- Net loss attributable to Village Farms International, Inc. shareholders $ (820) $ (1,299) $ (27,221) $ (9,315) ======= ======= ======== ======== Basic loss per share attributable to Village Farms International, Inc. shareholders $ (0.01) $ (0.01) $ (0.25) $ (0.09) ======= ======= ======== ======== Diluted loss per share attributable to Village Farms International, Inc. shareholders $ (0.01) $ (0.01) $ (0.25) $ (0.09) ======= ======= ======== ======== Weighted average number of common shares used in the computation of net loss per share (in thousands): Basic 111,917 110,239 111,045 108,214 ======= ======= ======== ======== Diluted 111,917 110,239 111,045 108,214 ======= ======= ======== ======== Loss including non-controlling interests $ (750) $ (1,253) $ (26,987) $ (9,309) Other comprehensive income (loss): Foreign currency translation adjustment 2,595 (5,986) (3,655) (899) ------- ------- -------- -------- Comprehensive gain (loss) including non-controlling interests 1,845 (7,239) (30,642) (10,208) ------- ------- -------- -------- Comprehensive (income) loss attributable to non-controlling interests (222) 353 10 (50) ------- ------- -------- -------- Comprehensive gain (loss) attributable to Village Farms International, Inc. shareholders $ 1,623 $ (6,886) $ (30,632) $ (10,258) ======= ======= ======== ======== Village Farms International, Inc. Consolidated Statements of Cash Flows (In thousands of United States dollars) (Unaudited) Nine Months Ended September 30, --------------------- 2024 2023 ----------- ------- Cash flows provided by (used in) operating activities: Net loss attributable to Village Farms International, Inc. shareholders $ (27,221) $(9,315) Adjustments to reconcile net loss attributable to Village Farms International, Inc. shareholders to net cash provided by (used in) operating activities: Depreciation and amortization 14,507 11,726 Amortization of deferred charges 10 102 Net income attributable to non-controlling interest 234 6 Interest expense 2,606 3,532 Interest paid on long-term debt (3,128) (3,645) Unrealized foreign exchange loss 143 92 Goodwill and intangible asset impairments 11,939 -- Non-cash lease expense 1,684 1,615 Share-based compensation 3,476 3,135 Deferred income taxes 384 1,748 Changes in non-cash working capital items 5,302 (2,191) ------- ------ Net cash provided by operating activities 9,936 6,805 ------- ------ Cash flows (used in) provided by investing activities: Purchases of property, plant and equipment (8,147) (4,358) Purchases of intangibles (80) -- Repayment of note receivable -- 835 ------- ------ Net cash used in investing activities (8,227) (3,523) ------- ------ Cash flows (used in) provided by financing activities: Repayments on borrowings (4,301) (7,858) Purchase of Non-controlling interest (3,817) -- Proceeds from issuance of common stock and warrants -- 24,772 Issuance costs -- (1,437) Proceeds from exercise of stock options -- 83 ------- ------ Net cash (used in) provided by financing activities (8,118) 15,560 ------- ------ Effect of exchange rate changes on cash and cash equivalents (186) (35) ------- ------ Net (decrease) increase in cash, cash equivalents and restricted cash (6,595) 18,807 Cash, cash equivalents and restricted cash, beginning of period 35,291 21,676 ------- ------ Cash, cash equivalents and restricted cash, end of period $ 28,696 $40,483 ======= ======

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