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In a recent transaction, Michael DeGiglio, Chief Executive Officer of Village Farms International, Inc. (NASDAQ:VFF), purchased 10,000 common shares of the company. The shares were acquired on May 21, 2025, at a price of $1.12 per share, totaling approximately $11,200. The stock has since risen to $1.21, marking a significant 15% return over the past week. According to InvestingPro analysis, the stock’s RSI suggests overbought territory. This purchase increases DeGiglio’s direct holdings to 9,613,127 shares. The shares were bought in multiple open market transactions, as noted in the filing. With the company’s market capitalization at $136 million and showing strong momentum with a 58% price return over the past six months, investors can access detailed valuation metrics and 12 additional real-time ProTips through InvestingPro’s comprehensive research platform.
In other recent news, Village Farms International reported its fourth-quarter earnings for 2024, showing an 11% increase in revenue year-over-year to $83 million, though it missed earnings per share expectations with a net loss of $0.08 per share compared to the forecasted -$0.02. The company has also entered into a strategic partnership with Vanguard Food, contributing its produce business assets and receiving $40 million in return, alongside a 37.9% equity ownership in Vanguard Food LP. Additionally, Village Farms has successfully refinanced its Canadian Cannabis Term Loans, consolidating them into a single credit facility with a lower interest rate under 8% and extending the maturity date to 2028.
The company received a 180-day extension from Nasdaq to meet the minimum bid price requirement, giving it until October 2025 to comply. Village Farms also renegotiated its credit agreement with Farm Credit Canada, improving financial covenants and extending the loan’s maturity date to 2027. Analyst firm ATB Capital Markets noted the company’s expectation to triple its international medicinal export sales in 2025, highlighting its focus on international expansion. These developments reflect Village Farms’ ongoing efforts to strengthen its financial position and expand its market presence.
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