By Nina Zdinjak
Buyers who enriched their portfolios with Canadian hashish enterprise Village Farms International, Inc. (NASDAQ: VFF) some 5 many years ago are now making the most of their bulging wallets.
The vertically integrated greenhouse grower with a 30-calendar year background as a Controlled Surroundings Agriculture pioneer started off off generating and advertising fresh produce until finally it recognized the likely of the booming hashish market place.
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In excess of the previous five many years, the Vancouver, British Columbia-based Village Farms’ stock has outperformed some of the most well known stocks in the world, these as Microsoft, Apple, Netflix, and Facebook.
Intercontinental Expansion, Acquisitions
In Nov. 2020, Village Farms acquired Pure Sunfarms, one particular of the biggest producers and prime-offering cannabis brand names in Canada, producing it its wholly-owned subsidiary. Pure Sunfarms has been EBITDA good since commencing sales in 2018.
This calendar year, in a bid to be in put for the eventual U..S. federal legalization of cannabis, the company created a $75 million acquisition of the Colorado-centered CBD-platform Balanced Wellbeing Botanicals. In addition to this cannabinoid system with a prime-5 CBD manufacturer, Village Farms is leveraging 5.5 million square toes of high-tech CEA services in West Texas and has joint ventures with Village Fields Hemp United states of america, LLC and Arkansas Valley Inexperienced and Gold Hemp LLC.
Relevant: Canadian Cannabis Competitors Is A Buzz Destroy
Village Farms is also focusing on worldwide marketplaces. Recently, it acquired an 80% stake in the Netherlands-primarily based Leli Holland B.V., a single of the 10 candidates picked by lottery to attain a license to improve and distribute cannabis to suppliers who run the Dutch “coffee retailers,” positioning the enterprise in a key place for when the Dutch government implements its Experiment to Investigate Closed Cannabis Offer Chains.
Related: Pro Suggestions To Enable You Pinpoint The Finest Hashish Shares
On top of that, Village Farms just lately concluded its 1st medical hashish shipment to Australia and announced that Pure Sunfarms intends to start out transport hashish goods to Europe in the initial quarter of 2022.
Here’s how returns crack down from Oct 2016 to the current:
- Facebook is up from $131.29 a share to $328.69 for a return of 150.35%
- Microsoft is up from $59.87 a share to $308.13 for a return of 414.67%
- Apple is up from $28.43 a share to $148.64 for a return of 422.83%
- Netflix is up from $126.57 a share to $671.66 for a return of 430.66%
- Village Farms is up from CA$1.30 per share to CA$9.76 for a return of 650.77%
This report initially appeared on Benzinga and has been reposted with permission.