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Village Farms International, Inc. (NASDAQ:VFF) CEO Michael A. DeGiglio has recently acquired a substantial number of shares in the company. The stock has shown strong momentum, gaining over 50% in the past six months, according to InvestingPro data. According to a recent SEC filing, DeGiglio purchased 100,000 common shares on May 29, 2025, at a weighted average price of $1.205 per share. The transaction, executed in multiple open market trades, amounted to a total value of $120,500. With a beta of 2.17 and significant price movements, VFF typically exhibits high volatility compared to the broader market. Following this acquisition, DeGiglio now holds 9,758,127 shares directly. This purchase was made under an established trading plan, as indicated in the filing. Want deeper insights into insider trading patterns and 12+ additional ProTips? Discover more with an InvestingPro subscription.
In other recent news, Village Farms International reported its fourth-quarter earnings for 2024, revealing total revenues of $83 million, an 11% year-over-year increase. However, the company posted a net loss of $0.08 per share, missing analysts’ forecasted EPS of -$0.02. Village Farms also announced a strategic partnership with Vanguard Food GP LLC, contributing its produce business assets and receiving $40 million, with a 37.9% equity stake in Vanguard Food LP. Additionally, Village Farms has streamlined its Canadian Cannabis Term Loans into a single credit facility with a lower interest rate and extended maturity, reflecting confidence in its growth trajectory. The company secured a 180-day extension from Nasdaq to meet the minimum bid price requirement, giving it until October 13, 2025, to comply. Village Farms also renegotiated its credit agreement with Farm Credit Canada, introducing improved financial covenants and enhancing its flexibility to pursue strategic goals. These developments highlight Village Farms’ ongoing efforts to strengthen its financial position and strategic partnerships amidst a challenging market environment.
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