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Tuesday, Dec 5, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Village Farms receives acclaim from Globe and Mail and Benzinga

Company and Pure Sunfarms subsidiary get recognized for multiple accomplishments

Village Farms celebrates acclaim from Globe and Mail and Benzinga
Photo via Pure Sunfarms.

Village Farms International, Inc. (NASDAQ: VFF) and its wholly-owned subsidiary, Pure Sunfarms, have now received critical acclaim from a prominent cannabis industry conference and renowned publication.

On Monday, Village Farms announced that it had been recognized as the best Canadian cannabis company at the Benzinga Cannabis Capital Conference in Chicago earlier this month and that its Pure Sunfarms subsidiary was ranked 17th out of 430 on Globe and Mail’s list of top growing companies in Canada.

Globe and Mail also ranked Pure Sunfarms as the fastest growing Canadian cannabis company due to its three-year revenue growth rate of 2,320 per cent.

Read more: Benzinga Cannabis Capital Conference makes its way to Chicago

Read more: Pure Sunfarms extends pot research partnership with Simon Fraser University

“Each recognition of the performance of our Canadian Cannabis business further highlights the strength and success of the Village Farms model and strategy in the cannabis industry,” said Michael DeGiglio, CEO of Village Farms.

“We not only led the Canadian cannabis industry in revenue growth over the past three years but have also been consistently EBITDA positive throughout that period – now 15 consecutive quarters.”

Village Farms CEO, Michael DeGiglio was also featured as a keynote speaker at the Benzinga conference.

“Having been founded by Village Farms and using their established growing operations, we have been able to leverage decades of experience in controlled environment agriculture with a go-slow-and-grow business strategy,” added Mandesh Dosanjh, president and CEO of Pure Sunfarms.

“It is this unrivaled cultivation and operational know-how, combined with the expertise and execution of our teams, that has set us apart as the fastest growing Canadian cannabis company in what is often characterized as a volatile and disruptive industry.”


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