Village Farms International Reports Strong Second Quarter 2019 Results – Canadian Cannabis JV More Than Doubles Sales to CAD$32.3 Million with an All-In Cost of Production of CAD$0.65 per Gram and EBITDA Margin of 78%, and Achieves Third Consecutive Quarter of Profitability
VANCOUVER, Aug. 12, 2019 /PRNewswire/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (TSX: VFF) (NASDAQ: VFF) today announced its financial results for the second quarter and six-month period ended June 30, 2019. All figures are in U.S. dollars unless otherwise indicated.
Village Farms’ Financial and Corporate Highlights for the Second Quarter Ended June 30, 2019
(All comparable figures are for the second quarter ended June 30, 2018)
- Net income before tax improved to positive US$9.9 million and included the contribution of positive net income from Pure Sunfarms