Village Farms Reports Q4 Loss, Plans 2025 Growth

Village Farms International, Inc. reported a net loss of $35.85 million for the fiscal year ending December 31, 2024, reflecting a slight increase from the previous year's loss of $34.8 million. Despite this, the company achieved an 18% increase in consolidated sales to $336.2 million, primarily driven by a 31% rise in Canadian cannabis sales. However, gross margin decreased to $47.4 million due to a non-cash inventory impairment charge. Selling, general, and administrative expenses rose to $71.05 million, contributing to an operating loss of $37.31 million. Looking ahead, Village Farms aims to focus on international expansion and operational efficiencies, with plans to significantly increase production capacity in the Netherlands. The company remains committed to its mission of sustainable agricultural practices while navigating challenges in the cannabis market.