Five years ago, stock market investors that subsidized their portfolios with Canadian marijuana firm Village Farms International, Inc. are now reaping the benefits. The vertically integrated cannabis cultivation company has a 30-year history as a Controlled Environment Agriculture pioneer that started off growing and retailing fresh produce until it saw the lucrativeness of the marijuana market. Through the last five years, the Vancouver, British Columbia-base Village Farms’ stock has performed better than some of the most internationally popular stocks, such as Facebook, Netflix, Apple, and Microsoft.
The cannabis firm has many ventures expanding internationally and making significant acquisitions. In November 2020, Village Farms purchased Pure Sunfarms, one of Canada’s largest producers and top-selling marijuana brands, making it its wholly-owned subsidiary. Pure Sunfarms has been EBITDA positive since sales started in 2018. This year, during a bid to be in place for the eventual U.S. federal legalization of cannabis, the firm made a $75 million purchase of the Colorado-based CBD-platform Balanced Health Botanicals.
In addition to this cannabinoid platform with a top-five CBD brand, Village Farms is capitalizing 5.5 million square feet of high-tech CEA institutions in West Texas and has joint business ventures with Village Fields Hemp USA, LLC and Gold Hemp LLC, and Arkansas Valley Green. Village Farms, recently, have targeted international markets. For instance, they acquired an 80% stake in the Netherlands-based Leli Holland B.V., one of the ten applicants chosen by lottery to attain a license to farm and distribute marijuana to retailers who operate the Dutch “coffee shops.” This ordeal puts the firm in an excellent position for when the Dutch government begins its Experiment to Investigate Closed Cannabis Supply Chains.
Additionally, Village Farms finished its first medical marijuana shipment to Australia and has revealed that Pure Sunfarms plans to start distributing marijuana products to Europe in the first quarter of 2022. It’s fantastic to see how this company that started small in the cannabis industry is thriving immensely.